Sylvamo (SLVM) Tops Q4 EPS by 38c
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Sylvamo Releases Fourth-Quarter Results With Robust Earnings and Cash Flow
February 11, 2022 7:00 AM ESTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Sylvamo (NYSE: SLVM), the worlds paper company, released fourth-quarter 2021 earnings.
Message from the Chairman and Chief Executive Officer
During our first quarter as a stand-alone company, we delivered strong earnings and generated significant cash, said Jean-Michel Ribiéras. Our fourth-quarter adjusted EBITDA was $170 million, reflecting strong commercial and operational performances globally. We generated $162 million of free cash flow, which we used to pay down debt by $124 million and increase cash on hand by $48 million. We also achieved a gross debt-to-adjusted EBITDA ratio of... More
