Overview

* Sylvamo ( SLVM ) Q3 sales beat analyst expectations, reaching $846 mln

* Adjusted EBITDA for Q3 slightly missed analyst expectations

* Company returned $60 mln to shareholders via repurchases and dividends

Outlook

* Company expects Q4 adjusted EBITDA between $115 mln and $130 mln

* Price and mix expected to decrease by $20 mln to $25 mln in Q4

* Volume projected to improve by $15 mln to $20 mln in Q4

Result Drivers

* VOLUME GROWTH - Sylvamo ( SLVM ) reported a 7% increase in sales volume quarter-over-quarter, driven by higher volumes in Latin America and North America

* COST MANAGEMENT - Decreased planned maintenance outage expenses by $66 mln contributed to improved operational performance

* REGIONAL CHALLENGES - Lower prices and mix in Europe impacted results, but were offset by operational efficiencies and strategic initiatives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $846 mln $840.30

mln (3

Analysts

)

Q3 EPS $1.41

Q3 Net $57 mln

Income

Q3 Slight $151 mln $151.10

Adjusted Miss* mln (3

EBITDA Analysts

)

Q3 Free $33 mln

Cash

Flow

Q3 $98 mln

Segment

Operatin

g Profit

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the paper products peer group is "buy."

* Wall Street's median 12-month price target for Sylvamo Corp ( SLVM ) is $49.00, about 12.1% above its November 6 closing price of $43.08

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)