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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.
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 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