Have you been paying attention to shares of Sylvamo Corporation (SLVM) ? Shares have been on the move with the stock up 18.4% over the past month. The stock hit a new 52-week high of $72.36 in the previous session. Sylvamo Corporation has gained 46.2% since the start of the year compared to the 3% move for the Zacks Basic Materials sector and the 10.4% return for the Zacks Paper and Related Products industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as ...

$2.51 $1.16 $1.07 1Q23 4Q23 1Q24 Input and Transportation Costs 123 124 75 27 61 23 56 150 185 98 11 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Adjusted EBITDA Outlook: $145 - $160 Million 9 © 2024 Sylvamo Corporation. All rights reserved. | --- | --- | --- | --- | |--------------------------------|----------------------------|-------------|---------------| | | $ Million | 2023 Actual | 2024 Outlook | | Total Maintenance Outage Costs | | $89 | $72 | | | Maintenance & Regulatory | $143 | $125 - $130 | | Capital Spending ...

Financial Data and Key Metrics Changes - The company generated adjusted EBITDA of $118 million with a margin of 13% in Q1 2024, which was within the expected range of $105 million to $125 million [26][27] - Free cash flow was lower than the previous quarter due to timing of year-end payments and annual incentive compensation [26][27] - The company has reduced gross debt by $580 million, nearly 40% since the spin-off, remaining below the $1 billion target [16] Business Line Data and Key Metrics Changes - Volume decreased by $12 million due to seasonally weaker demand in Latin America, while trends in Europe and North America were favorable [8] - Operations and other costs improved by $19 million, reflecting lower economic downtime across all regions [9] - The company expects adjusted EBITDA for Q2 2024 to be between $145 million and $160 million, with price and mix improvements projected to contribute an additional $15 million to $20 million [10][11] Market Data and Key Metrics Changes - Uncoated freesheet conditions have improved, with strengthened order books across all regions compared to 2023 levels [10][24] - The company anticipates volume improvements driven by seasonally stronger demand in Latin America and continued momentum in Europe and North America [11][24] Company Strategy and Development Direction - The company initiated Project Horizon to streamline operations and improve cost structures, targeting $30 million in overhead cost reductions and $80 million in manufacturing supply chain cost reductions [12][13] - The capital allocation strategy focuses on maintaining a strong financial position, reinvesting in the business, and returning cash to shareholders [15] - The company has identified an additional $200 million in high-return capital projects to grow earnings and cash flow [18][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future earnings growth and free cash flow, driven by improved uncoated freesheet conditions and reduced economic downtime [22][24] - The company is focused on maintaining financial discipline and leveraging strengths to drive high returns on invested capital [22][24] Other Important Information - The company spent $25 million on planned maintenance outages in Q1 and expects to spend $28 million in Q2 [14] - The company has returned $12 million to shareholders via dividends in Q1 and has repurchased $20 million in shares this year [25] Q&A Session Summary Question: How is the performance across different regions? - Management noted that performance was generally in line with expectations across all regions, with slight improvements in Europe and North America [38] Question: Can you provide details on the $200 million high-return capital projects? - The company indicated that these projects are expected to generate returns well above 20% internal rates of return, with an average project size of about $2 million [40] Question: Are there any operational issues affecting your business? - Management acknowledged hearing about operational issues from competitors but stated that their order book is independent of those issues [48] Question: What are the expectations for wood fiber costs in different regions? - Management reported that wood costs in Sweden have stabilized at higher levels, while costs in Brazil have also increased but stabilized [53][58]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to ______________________________ Commission File Number 001-40718 ________________ For the Quarterly Period Ended March 31, 2024 6077 Primacy Parkway Memphis, Tennessee 38119 (Address of Principal Exe ...

Exhibit 99.1 NEWS RELEASE Sylvamo First Quarter Results Meet Expectations, Strong Second Quarter Outlook Reflects Improving Conditions MEMPHIS, Tenn. – May 10, 2024 – Sylvamo (NYSE: SLVM), the world's paper company, is releasing first quarter 2024 earnings. Financial Highlights - First Quarter vs. Fourth Quarter • Adjusted EBITDA of $145 million to $160 million • Compared to the first quarter: ◦ Price and mix are expected to increase by $15 million to $20 million, primarily reflecting prior price increases ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from - to – Commission File No. 001-40718 SYLVAMO CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 86-2596371 (State or Other Jurisdiction of Incorporat ...

1 Fourth Quarter and Full Year 2023 Earnings February 15, 2024 Cautionary statement concerning forward 2 -looking statements We assume no obligation to update any forward-looking statements made in this presentation to reflect subsequent events, circumstances or actual outcomes. While Sylvamo reports its financial results in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"), during the course of this presentation, certain non-U.S. GAAP financial measures are present ...

Sylvamo Corporation (NYSE:SLVM) Q4 2023 Earnings Conference Call February 15, 2024 10:00 AM ET Company Participants Hans Bjorkman - Vice President, Investor Relations Jean-Michel Ribiéras - Chairman and CEO John Sims - Senior Vice President and CFO Conference Call Participants George Staphos - Bank of America Harman Dhatt - RBC Operator Good morning and thank you for standing by. Welcome to Sylvamo’s Fourth Quarter 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. After ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to ______________________________ Commission File Number 001-40718 ________________ SYLVAMO CORPORATION (Exact Name of Registrant as Specified in its C ...

Sylvamo Corporation (NYSE:SLVM) Q2 2023 Earnings Conference Call August 9, 2023 10:00 AM ET Company Participants Hans Bjorkman - VP, IR Jean-Michel Ribieras - Chairman and CEO John Sims - SVP and CFO Conference Call Participants George Staphos - Bank of America Paul Quinn - RBC Capital Markets Operator Good morning, and thank you for standing by. Welcome to Sylvamo's Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, your conference is being recorded. I'd now like to turn the call ove ...