---
schema_version: "secwatch.filing_event.v1"
accession: "0001856485-23-000012"
form_type: "8-K"
ticker: "SLVM"
cik: "0001856485"
company_name: "Sylvamo Corp"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:14:58.082383+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sylvamo Q1 adjusted EBITDA $208M in line; Q2 outlook $115-125M, below Q1; repurchased $360M notes

## Summary
- Net income from continuing ops $97M ($2.25/diluted); adj. op. earnings $108M ($2.51/diluted), up >85% YoY.
- Adjusted EBITDA $208M (22% margin) in line with guidance; Q2 EBITDA guidance $115-$125M, much lower.
- Repurchased $360M of 2029 notes, eliminated restrictive covenants; net debt/EBITDA ratio 1.1x.
- Full-year 2023 adj. EBITDA guidance $720-$770M; free cash flow $250-$280M.
- Board declared $0.25/share dividend; added two independent directors, terminated shareholder rights plan.

## SEC filing metadata
- accession: 0001856485-23-000012
- form_type: 8-K
- ticker: SLVM
- cik: 0001856485
- company_name: Sylvamo Corp
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856485/000185648523000012/0001856485-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856485/000185648523000012/syl-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856485-23-000012
- JSON: https://secwatch.observer/filing/0001856485-23-000012.json
- Plain text: https://secwatch.observer/filing/0001856485-23-000012.txt

## Key facts
- Earnings Releases
  Sylvamo Corp reported the fiscal quarter ended March 31, 2023 results: net income $97 million, EPS $2.25 per diluted share.
  - Period: the fiscal quarter ended March 31, 2023
  - Net income: $97 million
  - EPS: $2.25 per diluted share
  - Result: reported results
  source text: Net income from continuing operations of $97 million ($2.25 per diluted share) vs. $88 million ($1.99 per diluted share)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000185648523000012/0001856485-23-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.