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), a leading paper company, is set to release its fourth quarter earnings on February 10, before the opening of the NYSE. The company will host an audio webcast at 10 a.m. EST for interested parties. Participants can join by calling the provided international and local numbers. Sylvamo operates mills across Europe, Latin America, and North America and reported net sales of $2.8 billion in 2021, aiming to be the preferred employer and supplier in the paper industry.
Sylvamo (NYSE: SLVM) has finalized the acquisition of Stora Enso's uncoated freesheet paper mill in Nymölla, Sweden, for 150 million euros. This mill enhances Sylvamo's product mix, allowing improved service across Europe and global markets. With a production capacity of 500,000 short tons annually, the facility produces various brands, including Multicopy. Notably, the mill operates with a strong environmental focus, generating 85% of its energy needs from carbon-neutral biomass. CEO Jean-Michel Ribiéras heralds this as a significant step towards sustainable growth.
Sylvamo (NYSE: SLVM), a leading paper company, announced the acquisition of Stora Enso's uncoated freesheet paper mill located in Nymolla, Sweden. The deal is valued at 150 million euros (approximately $160 million), with final adjustments based on net working capital and net debt. This strategic acquisition aims to enhance Sylvamo's market presence and operational capabilities in Europe. The company is headquartered in Memphis, Tennessee, and employs over 6,000 staff globally, with net sales reaching $2.8 billion in 2021.
Sylvamo (NYSE: SLVM) reported strong third quarter 2022 results, with net income from continuing operations of $109 million ($2.44 per diluted share), up from $84 million in the previous quarter. Adjusted operating earnings rose to $112 million, along with a free cash flow increase to $114 million. The board declared a quarterly dividend of $0.25 per share, payable on January 25, 2023. Key milestones included the sale of Russian operations for $420 million and achieving reduced gross debt below $1 billion. Adjusted EBITDA margins improved, with significant operational efficiencies noted across regions.
Sylvamo (NYSE: SLVM) has announced a $3 million expansion in its partnership with the World Wildlife Fund (WWF) to boost forest conservation efforts. This initiative aligns with Sylvamo's environmental, social, and governance (ESG) strategy and 2030 goals aimed at promoting healthy forests. The collaboration includes sustainable sourcing and restoration projects in Europe, North America, and the Atlantic Forest in Brazil. Sylvamo's chief sustainability officer highlighted the commitment to natural climate solutions, emphasizing the importance of responsible wood fiber sourcing.
Sylvamo (NYSE: SLVM) is set to disclose its third quarter earnings on November 10, before the opening of the New York Stock Exchange. An audio webcast is scheduled for 11 a.m. EST, and interested parties can join via investors.sylvamo.com. The company aims to highlight its performance in the paper industry, with a net sales figure of $2.8 billion reported in 2021. This event is crucial for investors monitoring the company's financial health and market position.
Sylvamo (NYSE: SLVM) has officially sold its Russian operations to Pulp Invest Limited Liability Company for $420 million, receiving approximately $390 million after fees. The decision aligns with the company's principle-based strategy to exit Russia, aiming to secure the future of its Russian team and assets. Of the proceeds, $325 million will be directed towards debt repayment. This move follows their announcement in May to divest from Russia, with Pulp Invest financing the purchase through bank loans.
Sylvamo (NYSE: SLVM) declared a quarterly dividend of $0.1125 per share for the period from October 1, 2022 to December 31, 2022. This dividend is payable on October 17, 2022 to shareholders on record by the close of business on October 3, 2022. The company reported net sales of $3.5 billion for 2021 and employs over 7,500 colleagues across its mills in Europe, Latin America, and North America.
Sylvamo (NYSE: SLVM) has announced its acquisition of Stora Enso's uncoated freesheet paper mill in Nymolla, Sweden, for 150 million euros (approx. $150 million). This acquisition is expected to enhance Sylvamo's product mix and support its operational goals. The mill produces approximately 500,000 short tons of uncoated freesheet annually and generated 350 million euros in revenue over the last 12 months. The deal, which is subject to regulatory approval, is anticipated to close by Q1 2023.
Sylvamo (NYSE: SLVM) reported a strong second quarter of 2022 with net income of $84 million ($1.89 per diluted share), up from $55 million ($1.25) in Q1. Adjusted EBITDA rose to $189 million (20.7% margin), exceeding guidance. The company raised its full-year adjusted EBITDA forecast to $740-$780 million, and free cash flow expectations to $170-$190 million. Sylvamo is committed to reducing debt, with $48 million repaid, achieving a 2.2x gross debt-to-adjusted EBITDA ratio. The Russian operations are now classified as discontinued. A quarterly dividend of $0.1125 was paid in July.
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?
