NYSE$SLVM
Sylvamo Corp. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Sylvamo released third-quarter results with strong earnings and cash flow.
Sylvamo Corporation reported strong third-quarter earnings and significant cash flow, with an adjusted EBITDA margin of 19.5%. The company is focused on generating strong free cash flow and reducing debt.
- Third-quarter net income was $92 million ($2.09 per pro forma share).
- Third-quarter adjusted operating earnings (non-GAAP) were $100 million ($2.27 per pro forma share).
- Third-quarter adjusted EBITDA (non-GAAP) was $177 million.
- Price and mix improved by $30 million versus the prior quarter and volume improved by $12 million.
Headline financials
Revenue & EPS history
Sylvamo · Revenue · Quarterly
$908M
Revenue by segment
Sylvamo · $909M total across 3 segments · Q3 2021
- North America$447M+19.2%49.2%
- Europe$262M+19.1%28.8%
- Latin America$200M+33.3%22.0%
Forward guidance
Sylvamo projects fourth-quarter adjusted EBITDA in the range of $140 to $150 million and adjusted operating earnings per share of $1.20 to $1.40.
Tailwinds
- Price and mix are expected to improve by $30 to $35 million compared to the third quarter, reflecting continued realization of prior price increases.
- Volume is expected to improve by $10 to $15 million, reflecting continued strong demand in Europe and North America and seasonally stronger demand in Latin America.
- Operations are expected to increase by $15 million, reflecting seasonally higher costs in Europe and North America.
Headwinds
- Input costs and distribution are projected to increase by $35 to $40 million as prices for wood, energy, chemicals and other key inputs continue to increase.
- Total maintenance outage expenses are projected to increase by $24 million, primarily the impact of a 10-year cold mill outage at our Saillat mill and an extended cold mill outage at our Eastover mill.
- We also project $8 million in costs related to transition service agreements in the quarter and $4 million of one-time costs
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 Q3 2021
+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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