Sylvamo reports FY22 adj EPS $7.84, raises dividend to $0.25, guides FY23 adj EBITDA $760M-$840M

Sylvamo Corp

2022-FY EPS reported $2.66 revenue$3,628,000,000

Full-year 2022 net income $336M ($7.57 diluted EPS); adjusted operating earnings $348M ($7.84 diluted EPS).
Q4 2022 net income $88M ($1.99 EPS) on net sales $927M; Adjusted EBITDA $170M (18% margin).
Board raised quarterly dividend to $0.25/share (from $0.1125), paid Jan 25; also repurchased ~$90M in shares in Q4 and Jan.
Acquired Nymolla uncoated freesheet mill in Sweden for €150M (~$160M) in Jan 2023; expects mill to contribute $15-20M adj EBITDA in Q1.
FY 2023 guidance: adj EBITDA $760M-$840M; free cash flow $300M-$330M; Q1 adj EBITDA expected $200M-$215M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sylvamo Corp updated its the fiscal year ending December 31, 2023 guidance (initiated).

Period: the fiscal year ending December 31, 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Adjusted EBITDA for the year, including Nymolla, is expected to be $760 million to $840 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sylvamo Corp reported the fiscal quarter ended December 31, 2022 results: net income $88 million, EPS $1.99 per diluted share.

Period: the fiscal quarter ended December 31, 2022
Net income: $88 million
EPS: $1.99 per diluted share
Result: reported results

Exact text from the filing

Net income from continuing operations of $88 million ($1.99 per diluted share)

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sylvamo Corp updated its the fiscal quarter ending March 31, 2023 guidance (initiated).

Period: the fiscal quarter ending March 31, 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Adjusted EBITDA for the first quarter is expected to be $200 million to $215 million, which includes adjusted EBITDA for Nymolla of $15 million to $20 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sylvamo Corp reported the fiscal year ended December 31, 2022 results: net income $336 million, EPS $7.57 per diluted share.

Period: the fiscal year ended December 31, 2022
Net income: $336 million
EPS: $7.57 per diluted share
Result: reported results

Exact text from the filing

Net income from continuing operations of $336 million ($7.57 per diluted share)

View on SEC.gov

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Source: SEC EDGAR

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