Sylvamo (SLVM) Tops Q3 EPS by 37c
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Sylvamo Quarterly Results Higher Than Guidance, Cost Reduction Program Announced
November 9, 2023 7:00 AM ESTMEMPHIS, Tenn.--(BUSINESS WIRE)-- Sylvamo (NYSE: SLVM), the worlds paper company, is releasing third quarter 2023 earnings.
Financial Highlights Third Quarter vs. Second Quarter
Net income from continuing operations of $58 million ($1.37 per diluted share) vs. $49 million ($1.14 per diluted share) Adjusted operating earnings1 (non-GAAP) of $72 million ($1.70 per diluted share) vs. $49 million ($1.14 per diluted share) Adjusted EBITDA2 (non-GAAP) of $158 million (18% margin) vs. $124 million (14% margin) Cash provided by operating activities from continuing operations of $197 million vs. $77 million Free cash flow3 (non-GAAP) of $155 million vs. $33... More