secwatch.observer — SEC 8-K summary
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Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001856485-23-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000185648523000019/0001856485-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000185648523000019/syl-20230809.htm
  HTML page:      https://secwatch.observer/filing/0001856485-23-000019

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