Sylvamo (SLVM) Misses Q4 EPS by 22c
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Sylvamo Delivers Strong Earnings, Free Cash Flow and Shareowner Returns in First Full Year
February 10, 2023 7:00 AM ESTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Sylvamo (NYSE: SLVM), the worlds paper company, is releasing fourth quarter 2022 earnings.
Financial Highlights - 2022 Full Year
Net income from continuing operations of $336 million ($7.57 per diluted share) Adjusted operating earnings1 (non-GAAP) of $348 million ($7.84 per diluted share) Adjusted EBITDA2 (non-GAAP) of $721 million (20% margin) Cash provided by operating activities from continuing operations of $418 million Free cash flow3 (non-GAAP) of $269 million Board of directors initiated a quarterly dividend of $0.1125 per share, paid for in the third and fourth... More