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Sylvamo (SLVM) investor relations material
Sylvamo Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 7% quarter-over-quarter sales volume growth in Q3 2025, with improved operational performance and $60 million returned to shareholders through $42 million in share repurchases and $18 million in dividends; $155 million returned year-to-date.
Leadership transition announced, with John Sims set to become CEO as Jean-Michel Ribiéras retires at year-end.
Board changes included two directors resigning, ending a cooperation agreement with Atlas Holdings.
Continuous improvement initiatives are underway across all regions, focusing on product mix, cost reduction, and operational efficiency.
Riverdale mill supply agreement extended to May 2026, with phased reduction in supply and plans to bridge the gap until Eastover mill capacity ramps up in Q4 2026.
Financial highlights
Q3 2025 adjusted EBITDA was $151 million (18% margin), up from $82 million in Q2 2025 but down from $193 million in Q3 2024; free cash flow was $33 million.
Q3 2025 net income: $57 million ($1.41 per diluted share); adjusted operating earnings: $1.44 per share.
Net sales: $846 million in Q3 2025, up from $794 million in Q2 2025 but down from $965 million in Q3 2024.
Cash provided by operating activities: $87 million in Q3 2025; quarter-end cash balance: $94 million.
Year-to-date dividends: $73 million; year-to-date share repurchases: $82 million.
Outlook and guidance
Q4 2025 adjusted EBITDA expected between $115 million and $130 million, with unfavorable price/mix (down $20–$25 million, mainly due to Europe) and higher maintenance costs (up $18 million), partially offset by favorable volume ($15–$20 million) in Latin and North America.
2025 capital spending expected at $220–$230 million, with maintenance and regulatory costs at ~$120 million.
Income tax rate guidance for 2025 is 29–30%.
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