Sylvamo Stock News

MEMPHIS, Tenn.--(BUSINESS WIRE)---- $SLVM #TheWorldsPaperCo--Sylvamo's (NYSE: SLVM) board of directors declared a quarterly dividend of $0.45 per share for the period of Jan. 1, 2025, to March 31, 2025. The dividend is payable Jan. 24, 2025, to holders of record at the close of business Jan. 6, 2025. About Sylvamo Sylvamo (NYSE: SLVM) is the world's paper company with mills in Europe, Latin Ame...

MEMPHIS, Tenn.--(BUSINESS WIRE)---- $SLVM #TheWorldsPaperCo--Sylvamo (NYSE: SLVM), the world's paper company, now has access to $60 million initially put in escrow for disputed goodwill tax deductions in Brazil which it intends to use to pay down debt. The company's lenders agreed to eliminate the escrow after a Brazilian court ruled in its favor. The ruling—covering two-thirds of the amount di...

Sylvamo continues to compound on the background of strong earnings growth and efficient capital deployment. Q3 earnings showed a 750bps YoY sales increase, with $119mm in free cash flow and a 20% adjusted operating margin. SLVM's strategy as a low-cost producer results in high operating efficiencies, yielding substantial returns on capital, which is valued highly in the market.

MEMPHIS, Tenn.--(BUSINESS WIRE)---- $SLVM #TheWorldsPaperCo--John Sims, senior vice president and chief financial officer of Sylvamo (NYSE: SLVM), the world's paper company, will participate in a fireside chat and host individual meetings Dec. 3-4, during Citi's 2024 Basic Materials Conference in New York, New York. The fireside chat will begin at 2 p.m. EST Tuesday, Dec. 3 and will be streamed...

Sylvamo Corporation (NYSE:SLVM ) Q3 2024 Results Conference Call November 12, 2024 10:00 AM ET Company Participants Hans Bjorkman - Vice President, Investor Relations Jean-Michel Ribiéras - Chairman and Chief Executive Officer John Sims - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Harriman - Sidoti & Company George Staphos - Bank of America Matthew McK...

MEMPHIS, Tenn.--(BUSINESS WIRE)---- $SLVM #TheWorldsPaperCo--Sylvamo (NYSE: SLVM), the world's paper company, is releasing third quarter 2024 earnings. Financial Highlights – Third Quarter vs. Second Quarter Net income of $95 million ($2.27 per diluted share) vs. $83 million ($1.98 per diluted share) Adjusted operating earnings1 of $102 million ($2.44 per diluted share) vs. $83 million ($1.98 p...

MEMPHIS, Tenn. , Oct. 31, 2024 /PRNewswire/ -- International Paper (NYSE: IP) today announced the decision to review strategic options for its global cellulose fibers (GCF) business.

MEMPHIS, Tenn.--(BUSINESS WIRE)---- $SLVM #TheWorldsPaperCo--Sylvamo (NYSE: SLVM), the world's paper company, and International Paper (NYSE: IP) are mutually terminating a supply agreement for uncoated freesheet, bristols and specialty papers at the Georgetown, South Carolina, mill. The agreement will terminate Dec. 31, 2024. Sylvamo is successfully transitioning many paper grades from Georgeto...