NYSE$SLVM
Sylvamo Corp. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Sylvamo reported Q4 2023 earnings, demonstrating strong operating cash flow and returning $127 million in cash to shareowners for the full year.
Sylvamo's Q4 2023 results showed net sales of $964 million and a net income from continuing operations of $49 million. The company's adjusted EBITDA was $117 million with a 12% margin. They also generated $104 million in free cash flow during the quarter.
- Net sales reached $964 million, up from $897 million in the previous quarter.
- Net income from continuing operations was $49 million, compared to $58 million in the third quarter.
- Adjusted EBITDA was $117 million with a 12% margin, down from $158 million with an 18% margin in Q3.
- Free cash flow was $104 million, a decrease from $155 million in the prior quarter.
Headline financials
Revenue & EPS history
Sylvamo · Revenue · Quarterly
$964M
Revenue by segment
Sylvamo · $906M total across 3 segments · Q3 2023
- North America$476M-19.2%52.5%
- Latin America$246M-8.9%27.2%
- Europe$184M+41.5%20.3%
Forward guidance
Sylvamo anticipates an adjusted EBITDA between $105 million and $125 million for Q1 2024.
Tailwinds
- Operations and other costs are expected to improve by $20 million to $25 million due primarily to lower economic downtime.
Headwinds
- Price and mix are expected to decrease slightly by $5 million to $10 million, primarily reflecting a seasonal, geographic mix shift in Latin America
- Volume is projected to decrease by $10 million to $15 million, with seasonally weaker industry demand in Latin America
- Input and transportation costs are projected to increase by $5 million to $10 million due to increased transportation costs, mainly in North America and higher fiber costs in Latin America
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 Q4 2023
+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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