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Sep 30, 2022
Sylvamo Q3 2022 Earnings Report
Sylvamo delivered strong earnings, fortified financial position, and increased quarterly dividend.
Key Takeaways
Sylvamo reported strong third-quarter earnings and free cash flow, highlighted by the sale of Russian operations, achievement of gross debt target, and an increased quarterly dividend. The company continues to focus on commercial excellence, operational excellence, and financial discipline.
Net income from continuing operations of $109 million ($2.44 per diluted share) compared with $84 million ($1.89 per diluted share) in the second quarter of 2022
Adjusted operating earnings (non-GAAP) of $112 million ($2.51 per diluted share) compared with $90 million ($2.02 per diluted share) in the second quarter of 2022
Adjusted EBITDA (non-GAAP) of $216 million (22.3% margin) compared with $189 million (20.7% margin) in the second quarter of 2022
Free cash flow (non-GAAP) of $114 million compared with $39 million in the second quarter of 2022
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Adjusted EBITDA is expected to be $180 million to $190 million.
Positive Outlook
- Price and mix are expected to improve by $30 million to $35 million, reflecting continued realization of prior increases in all regions
Challenges Ahead
- Volume is expected to be flat to decreasing by up to $5 million, with seasonally weaker volume in Europe and North America
- Operations and costs are expected to increase by $35 million to $40 million; seasonally higher in Europe and North America, plus foreign exchange impacts and other costs
- Input and transportation costs are projected to be flat to increasing up to $5 million, primarily due to higher energy and input cost inflation
- Total maintenance outage expenses are projected to increase by $21 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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