---
schema_version: "secwatch.filing_event.v1"
accession: "0001856485-23-000019"
form_type: "8-K"
ticker: "SLVM"
cik: "0001856485"
company_name: "Sylvamo Corp"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T23:28:06.328251+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001856485-23-000019
- form_type: 8-K
- ticker: SLVM
- cik: 0001856485
- company_name: Sylvamo Corp
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856485/000185648523000019/0001856485-23-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856485/000185648523000019/syl-20230809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856485-23-000019
- JSON: https://secwatch.observer/filing/0001856485-23-000019.json
- Plain text: https://secwatch.observer/filing/0001856485-23-000019.txt

## Key facts
- Earnings Releases
  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
  source text: On August 9, 2023, Sylvamo Corporation issued a press release announcing its financial results for the fiscal quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000185648523000019/0001856485-23-000019-index.htm

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