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Dec 31, 2023
Sylvamo Q4 2023 Earnings Report
Sylvamo reported Q4 2023 earnings, demonstrating strong operating cash flow and returning $127 million in cash to shareowners for the full year.
Key Takeaways
Sylvamo's Q4 2023 results showed net sales of $964 million and a net income from continuing operations of $49 million. The company's adjusted EBITDA was $117 million with a 12% margin. They also generated $104 million in free cash flow during the quarter.
Net sales reached $964 million, up from $897 million in the previous quarter.
Net income from continuing operations was $49 million, compared to $58 million in the third quarter.
Adjusted EBITDA was $117 million with a 12% margin, down from $158 million with an 18% margin in Q3.
Free cash flow was $104 million, a decrease from $155 million in the prior quarter.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Sylvamo anticipates an adjusted EBITDA between $105 million and $125 million for Q1 2024.
Positive Outlook
- Operations and other costs are expected to improve by $20 million to $25 million due primarily to lower economic downtime.
Challenges Ahead
- Price and mix are expected to decrease slightly by $5 million to $10 million, primarily reflecting a seasonal, geographic mix shift in Latin America
- Volume is projected to decrease by $10 million to $15 million, with seasonally weaker industry demand in Latin America
- Input and transportation costs are projected to increase by $5 million to $10 million due to increased transportation costs, mainly in North America and higher fiber costs in Latin 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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