Sylvamo Q4 adj. EBITDA $117M, FY23 free cash flow $294M, guides Q1 $105-125M

Sylvamo Corp

2023-FY EPS reported $5.93 revenue$3,721,000,000

FY23 net income $253M ($5.93 diluted EPS); adjusted operating earnings $278M ($6.51 diluted EPS).
Q4 net sales $964M (+7.5% QoQ) but net income $49M ($1.16 EPS) vs $58M ($1.37 EPS) in Q3.
Operating cash flow $504M, free cash flow $294M; returned $127M to shareholders via dividends and buybacks.
Q1 2024 outlook: adjusted EBITDA $105-125M, with price/mix expected to decrease slightly.
Project Horizon targets $110M run rate savings by end-2024; Nymolla mill $20M synergies on track.

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 the fiscal quarter ended December 31, 2023 results: revenue $964 million, net income $49 million, EPS $1.16 per diluted share. Guidance initiated.

Period: the fiscal quarter ended December 31, 2023
Revenue: $964 million
Net income: $49 million
EPS: $1.16 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Net sales of $964 million vs. $897 million (7.5% increase) • Net income from continuing operations of $49 million ($1.16 per diluted share) vs. $58 million ($1.37 per diluted share)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sylvamo Corp reported the fiscal year ended December 31, 2023 results: net income $253 million, EPS $5.93 per diluted share. Guidance initiated.

Period: the fiscal year ended December 31, 2023
Net income: $253 million
EPS: $5.93 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Financial Highlights – 2023 Full Year • Net income from continuing operations of $253 million ($5.93 per diluted share)

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

Sylvamo Corp filing history →

Source: SEC EDGAR

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