Sylvamo Q1 net income $43M ($1.02/sh), meets expectations; Q2 EBITDA guided $145-160M

Sylvamo Corp

2024-Q1 EPS reported $1.02 revenue$905,000,000

Net income of $43M ($1.02 diluted EPS) vs $49M ($1.16) in Q4 2023 and $97M in prior-year Q1.
Adj. EBITDA $118M (13% margin) vs $117M (12%) in Q4; Q2 guidance $145-160M.
Revenue $905M, down from $964M in Q4 but slightly below $941M in Q1 2023.
Repurchased $20M shares in Q1 2024, $130M remaining on $150M authorization; Q2 dividend $0.30/sh.
Project Horizon cost savings on track; run-rate savings of $110M by end 2024.

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 1.0

Sylvamo Corp reported the fiscal quarter ended March 31, 2024 results: revenue $905 million, net income $43 million ($1.02 per diluted share), EPS $1.02 per diluted share.

Period: the fiscal quarter ended March 31, 2024
Revenue: $905 million
Net income: $43 million ($1.02 per diluted share)
EPS: $1.02 per diluted share
Result: reported results

Exact text from the filing

On May 10, 2024, Sylvamo Corporation issued a press release announcing its financial results for the fiscal quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001856485-24-000014

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