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), the world’s paper company, will announce its fourth-quarter earnings on February 11, before the NYSE opens. Investors can participate in an audio webcast at 10 a.m. EST. To join, call +1-855-982-8078 (U.S.) or +1-469-886-1931 (international) with conference ID 7459224. Replays will be available on the company’s investor site for one year and via phone for 90 days. Sylvamo reported unaudited net sales of $3.3 billion for the 12 months ending September 30, 2021.
Sylvamo (NYSE: SLVM) announces that Jean-Michel Ribiéras has been appointed to the U.S.-Brazil CEO Forum by the United States Department of Commerce. Ribiéras aims to enhance bilateral trade and investment between the U.S. and Brazil, critical to Sylvamo's vision as a leading global paper company. With over 35 years in the industry, Ribiéras has extensive experience across multiple regions. Sylvamo operates paper mills in both countries, generating net sales of $3.3 billion as of September 30, 2021. This appointment could bolster the company's strategic interests in Latin America.
Sylvamo (NYSE: SLVM), a leading paper company, will hold individual meetings on Nov. 30-Dec. 1 at the Citi 2021 Basic Materials Virtual Conference. CEO Jean-Michel Ribiéras and CFO John Sims will present during these meetings. A presentation will be accessible at investors.sylvamo.com prior to the event. Sylvamo, headquartered in Memphis, Tennessee, employs over 7,000 people and reported net sales of $3.3 billion for the 12 months ending Sept. 30, 2021. The company operates mills in Europe, Latin America, and North America.
Sylvamo (NYSE: SLVM), the global leader in paper production, will hold individual meetings on December 2 during the Stephens 23rd Annual Investment Conference in Nashville, Tennessee.
Sylvamo (NYSE: SLVM) announces that CEO Jean-Michel Ribiéras will join the board of directors for the American Forest and Paper Association (AF&PA) starting January 1, 2022. Ribiéras, with 35 years of experience in the paper industry, emphasizes the importance of AF&PA in advocating for the industry's role in the circular economy. With net sales of $3.3 billion for the year ending September 30, 2021, Sylvamo continues to be a leader in transforming renewable resources into essential paper products, supporting education and communication worldwide.
Sylvamo Corporation (NYSE: SLVM) reported strong performance in its third-quarter 2021 earnings, achieving a net income of $92 million or $2.09 per pro forma share. This marks a decrease from $115 million in the previous quarter. Adjusted EBITDA reached $177 million, up from $124 million in Q2 2021. The company anticipates fourth-quarter adjusted EBITDA between $140 million and $150 million. Input costs rose by $26 million, influenced by increased prices for key materials. The gross debt-to-adjusted EBITDA ratio improved to 2.8x.
Sylvamo (NYSE: SLVM) will announce its third-quarter earnings on November 10, before the New York Stock Exchange opens. An audio webcast is scheduled for 10 a.m. EST. Interested parties can join by calling +1-855-982-8078 or +1-469-886-1931. Sylvamo became independent on October 1, following its spinoff from International Paper (NYSE: IP). Since this transition, net sales have reached $3.2 billion for the 12 months ending June 30. For further updates, visit Sylvamo.com.
Sylvamo (NYSE: SLVM), a spinoff of International Paper (NYSE: IP), has officially become an independent publicly traded company, with celebrations taking place globally. The company, headquartered in Memphis, Tennessee, employs over 7,000 staff across Europe, Latin America, and North America. Celebrations include a ceremonial trade bell ringing at the New York Stock Exchange, paper donations to local schools, and tree planting events. Sylvamo aims to create long-term value through its commitment to sustainability and serves as a steward of forests.
On October 1, 2021, International Paper Company (NYSE:IP) completed the spin-off of its global printing papers business, now known as Sylvamo Corporation (NYSE:SLVM). Shareholders received one share of Sylvamo for every eleven shares of International Paper held. Post-spin-off, International Paper retains approximately 19.9% ownership in Sylvamo. The spin-off is positioned to enhance strategic focus and long-term value for both companies. Sylvamo shares began trading on NYSE under the symbol SLVM, with tax-free treatment for U.S. federal income tax purposes for stockholders.
International Paper Company (NYSE:IP) announced a spin-off and distribution of approximately 80.1% of Sylvamo Corporation (NYSE:SLVM) shares, effective October 1, 2021. Shareholders of record by September 15, 2021, will receive one share of Sylvamo for every eleven shares of International Paper held. No fractional shares will be issued; instead, fractions will be sold with proceeds distributed in cash. Sylvamo shares began trading on a 'when-issued' basis on September 14, 2021. The spin-off is subject to conditions and may be canceled if deemed unbeneficial.
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