secwatch.observer — SEC 8-K summary
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Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001856485-23-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000185648523000025/0001856485-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000185648523000025/syl-20231109.htm
  HTML page:      https://secwatch.observer/filing/0001856485-23-000025

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