secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001856485-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000185648524000003/0001856485-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000185648524000003/syl-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001856485-24-000003

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