NYSE$SLVM
Sylvamo Corp. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Sylvamo's second quarter results showcased increased earnings and operating margins, leading to an upward revision of the annual guidance.
Sylvamo reported strong second-quarter results, marked by increased earnings and operating margins. The company raised its full-year adjusted EBITDA and free cash flow guidance, driven by strong first-half performance and a positive outlook for the second half. Sylvamo remains focused on debt reduction, strategic investments, and returning value to shareholders.
- Net income from continuing operations was $84 million ($1.89 per diluted share), up from $55 million ($1.25 per diluted share) in the first quarter of 2022.
- Adjusted operating earnings (non-GAAP) reached $90 million ($2.02 per diluted share), exceeding the company’s guidance range by $0.12 per diluted share.
- Adjusted EBITDA (non-GAAP) was $189 million (20.7% margin), compared to $146 million (17.8% margin) in the first quarter of 2022, surpassing the high end of guidance by $9 million.
- Free cash flow (non-GAAP) amounted to $39 million, an increase from $32 million in the first quarter of 2022.
Headline financials
Revenue & EPS history
Sylvamo · Revenue · Quarterly
$912M
Revenue by segment
Sylvamo · $933M total across 3 segments · Q2 2022
- North America$549M—58.8%
- Latin America$249M—26.7%
- Europe$135M—14.5%
Forward guidance
Sylvamo expects adjusted EBITDA to be between $205 million and $215 million. Price and mix are expected to improve by $40 million to $45 million compared to the second quarter, reflecting continued realization of prior increases in all regions.
Tailwinds
- Price and mix are expected to improve by $40 million to $45 million compared to the second quarter, reflecting continued realization of prior increases in all regions
- Volume is expected to improve by $5 million to $10 million, with seasonally stronger volume in North America
- Operations and costs are expected to increase by $5 million to $10 million
Headwinds
- Input and transportation costs are projected to rise by $35 million to $40 million, primarily due to higher chemicals, energy, fiber and transportation costs
- Total maintenance outage expenses are projected to decrease by $14 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.2%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+2.1%
Avg return
30 days after
59%
13 / 22 earnings
Positive
+23.3%
Q4 2023
Best reaction
-17.0%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | -12.5% | -12.3% | |
| Q4 2025 | +5.1% | -9.5% | -20.3% | |
| Q3 2025 | +0.1% | +8.7% | +13.1% | |
| Q1 2025 | -12.6% | -6.1% | -10.6% | |
| Q4 2024 | -7.3% | -5.2% | -14.1% | |
| Q3 2024 | -14.7% | -11.4% | -6.5% | |
| Q2 2024 | +11.3% | +13.0% | +10.3% | |
| Q1 2024 | +2.7% | +6.1% | +6.0% | |
| Q4 2023 | +23.3% | +20.8% | +24.7% | |
| Q3 2023 | +7.4% | +10.5% | +18.4% | |
| Q2 2023 | -17.0% | -16.4% | -15.6% | |
| Q1 2023 | -7.9% | -7.3% | -5.2% | |
| Q4 2022 | -1.3% | -1.1% | +2.9% | |
| Q3 2022 | +8.4% | +13.7% | +32.3% | |
| Q2 2022 | +3.0% | +4.9% | -8.0% | |
| Q1 2021 | +6.7% | +8.7% | +4.1% | |
| Q1 2022 | +14.4% | +20.7% | +19.4% | |
| Q2 2021 | -5.0% | -8.8% | +1.5% | |
| Q4 2019 | -5.0% | -8.8% | +1.5% | |
| Q4 2021 | +7.1% | +13.6% | -2.9% | |
| Q4 2020 | +6.5% | +10.1% | +1.3% | |
| Q3 2021 | +4.2% | +11.0% | +5.6% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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