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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.
Revenue by Segment
Revenue by Geographic Location
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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