Sylvamo Corp. (SLVM) PT Raised to $71 at RBC Capital
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Sylvamo Quarterly Results Exceed Outlook
August 9, 2024 7:00 AM EDTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Sylvamo (NYSE: SLVM), the worlds paper company, is releasing second quarter 2024 earnings.
Financial Highlights Second Quarter vs. First Quarter
Net income of $83 million ($1.98 per diluted share) vs. $43 million ($1.02 per diluted share) Adjusted operating earnings1 of $83 million ($1.98 per diluted share) vs. $45 million ($1.07 per diluted share) Adjusted EBITDA2 of $164 million (18% margin) vs. $118 million (13% margin) Cash provided by operating activities of $115 million vs. $27 million Free cash flow3 of $62 million vs. $(33) millionCommercial and Operational Highlights... More
