Sylvamo reported a steady third quarter with higher sales volumes, improved operational performance, and continued shareholder returns.
Chairman and CEO Jean-Michel Ribiéras said the company achieved 7 percent quarter-over-quarter sales growth while returning $60 million to shareholders through dividends and share repurchases.
“I am proud of how our teams executed and overcame regional challenges by focusing on commercial and operational excellence,” he said.
Q3 Financial Highlights
- Net income: $57 million ($1.41 per diluted share)
- Adjusted operating earnings: $58 million ($1.44 per share)
- Adjusted EBITDA: $151 million (18 percent margin)
- Operating cash flow: $87 million
- Free cash flow: $33 million
Lower maintenance-outage costs and stronger operations offset weaker European pricing, while solid demand in Latin America and North America supported volumes.
Shareholder Returns and Outlook
In September, Sylvamo’s board authorized a new $150 million share repurchase program, its third since 2022. Year-to-date through October, the company has returned $155 million to shareholders through buybacks and dividends. The board also declared a fourth-quarter dividend of $0.45 per share, paid October 17.
For the fourth quarter, Sylvamo expects adjusted EBITDA between $115 million and $130 million, reflecting seasonal cost increases and softer European prices.
“We will continue to evaluate opportunities to repurchase shares at attractive prices,” Ribiéras added, emphasizing the company’s focus on long-term value creation.
Sylvamo is a global producer of uncoated paper with operations in Europe, Latin America, and North America. Headquartered in Memphis, Tennessee, the company employs more than 6,500 people and reported $3.8 billion in 2024 net sales.
