secwatch.observer — SEC 8-K summary
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Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001856485-24-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000185648524000014/0001856485-24-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000185648524000014/syl-20240510.htm
  HTML page:      https://secwatch.observer/filing/0001856485-24-000014

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