secwatch.observer — SEC 8-K summary
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Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001856485-24-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sylvamo Q2 net income $83M, adjusted EBITDA $164M; raises dividend 50% to $0.45
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000185648524000021/0001856485-24-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000185648524000021/syl-20240809.htm
  HTML page:      https://secwatch.observer/filing/0001856485-24-000021

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