Overview

* Sylvamo ( SLVM ) Q2 revenue falls 15% yr/yr to $794 mln, missing analysts' expectations

* Adjusted EBITDA of $82 mln missed analyst estimates

* Company expects stronger performance in H2 due to reduced maintenance outages

Outlook

* Sylvamo ( SLVM ) expects Q3 adjusted EBITDA of $145 mln to $165 mln

* Company projects Q3 volume to improve by $15 mln to $20 mln

* Price and mix expected to decrease by $15 mln to $20 mln in Q3

* Planned maintenance expenses to decrease by $66 mln in Q3

Result Drivers

* MAINTENANCE OUTAGES - Q2 faced the heaviest maintenance outages in over five years, increasing expenses by $39 mln

* FOREIGN EXCHANGE IMPACT - Unfavorable foreign exchange impact of $13 mln affected results

* PRICE AND MIX - Favorable price and mix contributed $12 mln, driven by North America and Latin America

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $794 mln $828.10

mln (3

Analysts

)

Q2 EPS $0.37

Q2 Net $15 mln

Income

Q2 Miss $82 mln $87.70

Adjusted mln (3

EBITDA Analysts

)

Q2 Free -$2 mln

Cash

Flow

Q2 $30 mln

Segment

Operatin

g Profit

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 $64.00, about 25.2% above its August 7 closing price of $47.84

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(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.)