What factors drove the changes in Sylvamo's revenue and profit?

What were the key takeaways from Sylvamo’s earnings call?

What is the revenue and EPS growth rate for Sylvamo year over year?

What is the market's earnings forecast for Sylvamo next quarter?

Did Sylvamo beat or miss consensus estimates last quarter?

What does Sylvamo do and what are its main business segments?

What guidance did Sylvamo's management provide for the next earnings period?

What were the key takeaways from Sylvamo's earnings call?

- **Revenue Growth**: 7% QoQ increase in uncoated freesheet sales volume.
- **Cash Returns**: $60 million returned to shareholders, including $42 million share buyback.
- **Strategic Investments**: $150 million share repurchase authorization and $30 million EBITDA impact from Riverdale transition.
- **Regional Challenges**: Europe (-5% demand), Latin America (-5% demand), offset by North America import normalization.
- **Operational Excellence**: 60,000 tons inventory build to support 2026 Eastover expansion.
- **Leadership Transition**: John Sims to succeed Jean-Michel Ribiéras as CEO in January 2026.

**【CEO Summary Section】**
- **Revenue Growth**: Uncoated freesheet sales volume increased by 7% quarter-over-quarter.
- **Cash Returns**: Returned $60 million to shareholders through $18 million in dividends and $42 million in share repurchases, with a new $150 million share repurchase authorization approved.
- **Financial Metrics**: Adjusted EBITDA of $151 million (18% margin) and free cash flow of $33 million. Projected adjusted operating earnings of $1.44 per share.

**【CFO Financial Commentary】**
- **Q3 Performance**: EBITDA of $151 million in line with guidance. Price/mix unfavorable by $14 million (European paper/pulp), offset by $14 million volume growth in Latin America/North America. No planned outages saved $66 million.
- **Q4 Outlook**: EBITDA expected $115M-$130M. Challenges include European pulp price pressure and Latin America demand decline (-5%), but North America imports moderating. Riverdale supply agreement ending in May 2026, with Sylvamo building 60,000 tons inventory to bridge to Eastover expansion (Q4 2026). Impact on 2026 EBITDA estimated at $30 million.
- **Strategic Assets**: Forest lands valued at BRL 5 billion, providing cost advantages and supply security. No plans to sell Brazil forest lands.

**【Q&A Key Highlights】**
- **Inventory Normalization**: North America import inventories approaching normal levels as tariffs moderate.
- **Riverdale Transition**: Building 60,000 tons inventory to bridge to Eastover expansion, with $30 million 2026 EBITDA impact unchanged.
- **Strategic Focus**: Singular focus on uncoated freesheet paper, with investments in operational excellence and capacity expansion.
- **Leadership Transition**: John Sims to become CEO in January 2026, with Jean-Michel Ribiéras retiring after 4 years of leadership.

SLVM

SLVM fundamentals

You can ask Aime