Welcome to our dedicated page for Sylvamo Corporation news (Ticker: SLVM), a resource for investors and traders seeking the latest updates and insights on Sylvamo Corporation stock.
Sylvamo Corporation (SLVM) is a global leader in producing uncoated freesheet (UFS) paper products, boasting an extensive portfolio of top-tier brands and operating some of the most efficient and large-scale paper mills in the industry. Our company specializes in producing Copy and Printer papers, Commercial Printing papers, Converting papers, and Specialty papers, catering to a wide range of needs from everyday printing to specialized industrial applications.
Sylvamo operates in three key geographical segments: Europe, Latin America, and North America, ensuring a broad market presence and diversified revenue streams. With a commitment to sustainability, Sylvamo believes in the promise of paper to educate, communicate, and entertain, while maintaining an enduring bond to renewable natural resources.
Our purpose is to produce the paper you need in the most responsible and sustainable ways, aiming high to innovate and create value for our customers and investors. We are not just a paper company; we are a community-focused organization dedicated to the well-being of our forests, communities, and all stakeholders who rely on our products. From the forests we love to the communities where we live, we understand that the well-being of each part of the ecosystem is interconnected.
At Sylvamo, we are driven by a vision to help the world realize the promise of paper. Our latest projects and achievements reflect our relentless pursuit of excellence and sustainable growth. With a strong financial foundation, strategic partnerships, and a commitment to responsible practices, we are poised to lead the future of the paper industry.
Stay informed with the latest updates on our performance, events, and developments to understand how Sylvamo continues to innovate and uphold its values. Join us on our journey to make a lasting impact in the world of paper.
Sylvamo (NYSE: SLVM) and International Paper (NYSE: IP) have agreed to mutually terminate their supply agreement for uncoated freesheet, bristols and specialty papers at the Georgetown, South Carolina mill, effective December 31, 2024. Sylvamo is transitioning paper grades from Georgetown to its Ticonderoga, New York, and Eastover, South Carolina mills to maintain customer supply. The company aims to retain the most profitable products from Georgetown while reducing economic downtime in its mill system and improving product mix.
International Paper (NYSE: IP) announced a strategic review of its global cellulose fibers (GCF) business, which generated $2.9B in revenue in 2023. The GCF business operates across three countries with eight mills and two converting facilities, producing absorbent pulp for personal care products and specialty applications. Additionally, IP announced the permanent closure of its Georgetown, South Carolina mill by the end of 2024, affecting 674 employees. The Georgetown facility produces 300,000 tons of fluff pulp, which will be transferred to other mills. The company plans to maintain customer relationships while focusing on sustainable packaging solutions.
Sylvamo (NYSE: SLVM), the world's paper company, has announced the release of its third quarter earnings on Tuesday, Nov. 12, before the start of trading on the New York Stock Exchange. The company will host an audio webcast at 10 a.m. EST / 9 a.m. CST.
Interested parties can listen to the webcast at investors.sylvamo.com. For those who wish to participate via phone, the call-in numbers are 800-715-9871 (U.S.) or +1-646-307-1963 (international), with access code 2975749. Participants should call in no later than 9:45 a.m. EST / 8:45 a.m. CST.
Replays will be available on the company's investor website for one year and by phone for one week. Phone replay numbers are 800-770-2030 (U.S.) or +1-609-800-9909 (international), using the same access code.
Sylvamo (NYSE: SLVM), the world's paper company, announced that its chairman and CEO, Jean-Michel Ribiéras, will be hosting individual meetings at the RBC Capital Markets 2024 Global Industrials Conference in Las Vegas, Nevada. The meetings are scheduled for Wednesday, Sept. 25.
This participation in a major industry conference suggests Sylvamo's commitment to engaging with investors and analysts, potentially discussing the company's performance, strategy, and outlook. The one-on-one format allows for more in-depth conversations and relationship-building with key stakeholders in the industrial sector.
Sylvamo (NYSE: SLVM) has announced a quarterly dividend of $0.45 per share for the period of Oct. 1, 2024, to Dec. 31, 2024. The dividend will be payable on Oct. 17, 2024, to shareholders of record at the close of business on Oct. 3, 2024. This announcement demonstrates Sylvamo's commitment to returning value to its shareholders through regular dividend payments.
Sylvamo (NYSE: SLVM) released its second quarter 2024 earnings, showing improved financial performance. Net income increased to $83 million ($1.98 per diluted share) from $43 million in Q1. Adjusted EBITDA rose to $164 million (18% margin) from $118 million. The company saw improvements in price and mix, volume, and operational costs across all regions. Sylvamo refinanced long-term debt, extending its maturity profile. The board declared a 50% dividend increase to $0.45 per share. The company is on target to achieve run rate savings of $110 million by end of 2024 through Project Horizon. Third quarter outlook projects Adjusted EBITDA of $170-185 million.
Sylvamo (NYSE: SLVM) will release its second-quarter earnings on Friday, August 9, before the New York Stock Exchange opens. The company will host an audio webcast at 10 a.m. EDT / 9 a.m. CDT, accessible via investors.sylvamo.com. Interested parties can call +1-844-867-6169 (U.S.) or +1-409-207-6975 (international) with access code 4990882 to participate. Participants should dial in by 9:45 a.m. EDT / 8:45 a.m. CDT. Replays will be available at investors.sylvamo.com for one year and by phone for 90 days starting at 2 p.m. EDT / 1 p.m. CDT on the day of the call. To access the replay by phone, call +1-866-207-1041 (U.S.) or +1-402-970-0847 (international) with access code 8081310.
Sylvamo (NYSE: SLVM) announced that John Sims, Senior Vice President and Chief Financial Officer, will take part in a fireside chat and host meetings at the 2024 Wells Fargo Industrials Conference. The event is set for Tuesday, June 11, in Chicago, Illinois, with the fireside chat starting at 10:15 a.m. CDT. This session will be streamed online, and interested parties can register to watch the webcast. Presentation materials will be accessible at investors.sylvamo.com before the conference commences.
Sylvamo's board of directors has declared a quarterly dividend increase of 50%, from $0.30 to $0.45 per share, applicable for the period between July 1, 2024, and September 30, 2024. The dividend will be payable on July 29, 2024, to shareholders of record by July 8, 2024. This marks the third increase in two years, reflecting the company's commitment to returning substantial cash to shareholders. CEO Jean-Michel Ribiéras expressed confidence in the company's future and the opportunities ahead.
Sylvamo (NYSE: SLVM) reported first quarter 2024 earnings meeting expectations. Net income of $43 million ($1.02 per diluted share) and Adjusted EBITDA of $118 million (13% margin). Commercial highlights include stable price and mix, decreased volume, improved costs, and outlook for second quarter with adjusted EBITDA of $145-160 million.
FAQ
What is the current stock price of Sylvamo Corporation (SLVM)?
What is the market cap of Sylvamo Corporation (SLVM)?
What does Sylvamo Corporation specialize in?
What are the key geographical segments of Sylvamo?
What is the significance of Sylvamo's commitment to sustainability?
How does Sylvamo create value for its customers and investors?
What recent achievements has Sylvamo made?
What types of paper products does Sylvamo offer?
Why is Sylvamo referred to as 'the world's paper company'?
How does Sylvamo support the communities where it operates?
What is Sylvamo's vision for the future of paper?
How can I stay updated with Sylvamo's latest news and developments?
