earnings
confidence high
sentiment positive
materiality 0.75
Sylvamo Q2 net income $83M, adjusted EBITDA $164M; raises dividend 50% to $0.45
Sylvamo Corp
2024-Q2 EPS reported
$3.00
revenue$1,838,000,000
- Net income $83M ($1.98 diluted EPS) vs Q1 $43M ($1.02) and Q2 2023 $49M.
- Adjusted EBITDA $164M (18% margin) vs Q1 $118M; Q3 outlook $170M-$185M.
- Dividend increased 50% to $0.45/share, paid July 29; third hike in two years.
- Refinanced debt: new term loan due 2031 to redeem all outstanding 7% notes.
- Year-to-date $30M share repurchases; $120M remaining on $150M authorization.