Sylvamo (SLVM) Tops Q2 EPS by 40c ; Provides Outlook
Sylvamo (NYSE: SLVM) reported Q2 EPS of $1.98, $0.40 better than the analyst estimate of $1.58. Revenue for the quarter came in at $933 million versus the consensus estimate of $937.56 million.
Third Quarter Outlook
Adjusted EBITDA of $170 million to $185 million
Compared to the second quarter:
Price and mix are expected to be slightly unfavorable up to $5 million due to mix
Volume is projected to increase by $10 million to $15 million, driven by Latin America and North America
Operations and other costs are expected to increase by $10 million to $15 million due primarily to higher unabsorbed fixed costs from economic downtime
Input and transportation costs are projected to increase by $5 million to $10 million due to fiber in Latin America and energy in North America
Total planned maintenance outage expenses are expected to decrease by $28 million
For earnings history and earnings-related data on Sylvamo (SLVM) click here.
