secwatch.observer — SEC 8-K summary
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Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001856485-23-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000185648523000012/0001856485-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000185648523000012/syl-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001856485-23-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer