---
schema_version: "secwatch.filing_event.v1"
accession: "0001856485-23-000025"
form_type: "8-K"
ticker: "SLVM"
cik: "0001856485"
company_name: "Sylvamo Corp"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T07:42:46.401212+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sylvamo Q3 adjusted EPS $1.70 beats; raises dividend 20%, authorizes $150M buyback, launches cost cuts

## Summary
- Q3 adjusted EBITDA $158M (18% margin) vs $124M in Q2; adjusted EPS $1.70 vs $1.14.
- Q4 EBITDA guidance $90M–$110M; full-year free cash flow expected >$270M.
- Regular dividend raised 20% to $0.30/share; special dividend of $0.30 declared; board authorized incremental $150M buyback.
- Launched Project Horizon cost reduction targeting at least $110M run-rate savings by end-2024, cutting ~150 salaried positions.
- Returned $110M to shareholders YTD, plans $125M total for 2023; debt reduced 35% since spin-off.

## SEC filing metadata
- accession: 0001856485-23-000025
- form_type: 8-K
- ticker: SLVM
- cik: 0001856485
- company_name: Sylvamo Corp
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856485/000185648523000025/0001856485-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856485/000185648523000025/syl-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001856485-23-000025
- JSON: https://secwatch.observer/filing/0001856485-23-000025.json
- Plain text: https://secwatch.observer/filing/0001856485-23-000025.txt

## Key facts
- Earnings Releases
  Sylvamo Corp reported fiscal quarter ended September 30, 2023 results: net income $58 million ($1.37 per diluted share), EPS $1.37 per diluted share.
  - Period: fiscal quarter ended September 30, 2023
  - Net income: $58 million ($1.37 per diluted share)
  - EPS: $1.37 per diluted share
  - Result: reported results
  source text: On November 9, 2023, Sylvamo Corporation issued a press release announcing its financial results for the fiscal quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000185648523000025/0001856485-23-000025-index.htm

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