NYSE$SLVM
Sylvamo Corp. · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Sylvamo delivered strong earnings, fortified financial position, and increased quarterly dividend.
Sylvamo reported strong third-quarter earnings and free cash flow, highlighted by the sale of Russian operations, achievement of gross debt target, and an increased quarterly dividend. The company continues to focus on commercial excellence, operational excellence, and financial discipline.
- Net income from continuing operations of $109 million ($2.44 per diluted share) compared with $84 million ($1.89 per diluted share) in the second quarter of 2022
- Adjusted operating earnings (non-GAAP) of $112 million ($2.51 per diluted share) compared with $90 million ($2.02 per diluted share) in the second quarter of 2022
- Adjusted EBITDA (non-GAAP) of $216 million (22.3% margin) compared with $189 million (20.7% margin) in the second quarter of 2022
- Free cash flow (non-GAAP) of $114 million compared with $39 million in the second quarter of 2022
Headline financials
Revenue & EPS history
Sylvamo · Revenue · Quarterly
$968M
Revenue by segment
Sylvamo · $989M total across 3 segments · Q3 2022
- North America$589M+31.8%59.6%
- Latin America$270M+35.0%27.3%
- Europe$130M-50.4%13.1%
Forward guidance
Adjusted EBITDA is expected to be $180 million to $190 million.
Tailwinds
- Price and mix are expected to improve by $30 million to $35 million, reflecting continued realization of prior increases in all regions
Headwinds
- Volume is expected to be flat to decreasing by up to $5 million, with seasonally weaker volume in Europe and North America
- Operations and costs are expected to increase by $35 million to $40 million; seasonally higher in Europe and North America, plus foreign exchange impacts and other costs
- Input and transportation costs are projected to be flat to increasing up to $5 million, primarily due to higher energy and input cost inflation
- Total maintenance outage expenses are projected to increase by $21 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 Q3 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro