Sylvamo Q2 adj EBITDA $124M in line; slashes FY2023 EBITDA guidance to $560-600M from $720-770M

Sylvamo Corp

2023-Q2 EPS reported $3.40 revenue$1,860,000,000

Net income $49M ($1.14 diluted EPS); adjusted operating earnings $49M ($1.14).
Adjusted EBITDA $124M (13.5% margin) vs $208M in Q1; cash from ops $77M, free cash flow $33M.
Revised FY2023 adj EBITDA guidance to $560-600M (down from $720-770M); FY free cash flow now $220-250M.
Committed to $125M in shareholder returns in 2023; Q2 returned $41M via dividends and share repurchases.
Europe operating loss $11M; North America $45M; took ~120,000 tons economic downtime in Europe/North America.

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 reported second quarter ended June 30, 2023 results: net income $49 million ($1.14 per diluted share), EPS $1.14 per diluted share. Guidance lowered.

Period: second quarter ended June 30, 2023
Net income: $49 million ($1.14 per diluted share)
EPS: $1.14 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

On August 9, 2023, Sylvamo Corporation issued a press release announcing its financial results for the fiscal quarter ended June 30, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

Sylvamo Corp filing history →

Source: SEC EDGAR

accession 0001856485-23-000019

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