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Mar 31, 2024
Sylvamo Q1 2024 Earnings Report
Sylvamo's first quarter results met expectations, with a strong second quarter outlook reflecting improving conditions.
Key Takeaways
Sylvamo's first quarter 2024 results showed a net income of $43 million ($1.02 per diluted share) and an adjusted EBITDA of $118 million. The company experienced stable pricing and mix, a decrease in volume due to seasonal demand in Latin America, and improvements in operations costs. The second quarter outlook forecasts an adjusted EBITDA between $145 million and $160 million.
Net income was $43 million ($1.02 per diluted share).
Adjusted EBITDA reached $118 million (13% margin).
Cash provided by operating activities was $27 million.
Free cash flow was $(33) million.
Sylvamo
Sylvamo
Sylvamo Revenue by Segment
Sylvamo Revenue by Geographic Location
Revenue by Segment
Europe Revenue
CapyFin.comLatin America Revenue
CapyFin.comNorth America Revenue
CapyFin.comRevenue by Geographic Location
Europe Revenue
CapyFin.comLatin America Revenue
CapyFin.comNorth America Revenue
CapyFin.com Forward Guidance
Sylvamo anticipates an adjusted EBITDA of $145 million to $160 million for the second quarter of 2024.
Positive Outlook
- Price and mix are expected to increase by $15 million to $20 million.
- Volume is projected to increase by $5 million to $10 million.
- Operations and other costs are expected to improve by $5 million to $10 million.
- Input and transportation costs are projected to be stable to improving up to $5 million.
- Better mix in Latin America
Challenges Ahead
- Unfavorable fiber costs in Latin America
- Total planned maintenance outage expenses are expected to increase by $3 million
- Seasonally stronger demand in Latin America
- Continued momentum in Europe and North America
- Lower costs in Europe and North America
Revenue & Expenses
Visualization of income flow from segment revenue to net income