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Sylvamo Q3 adjusted EBITDA beats analyst expectations

By Reuters News


Overview

  • US paper producer's Q3 net sales from continuing ops fell year-over-year after Europe reclassified as discontinued

  • Q3 adjusted EBITDA beat analyst expectations

  • Operating profit rose on higher prices and lower maintenance costs


Outlook

  • Company expects to focus on Latin America and North America after proposed Europe business sale

  • Company says North American supply and demand balance remains healthy, with paper price increases mostly implemented

  • Company expects higher input and transportation costs due to supply chain pressures and high oil prices


Result Drivers

  • PRICE INCREASES - Co said higher paper prices and improved mix contributed $25 mln to results

  • LOWER MAINTENANCE COSTS - Reduced planned maintenance outage costs benefited quarterly results

  • OPERATIONAL PERFORMANCE - Improved operational performance reduced costs by $6 mln


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EBITDA

Beat

$128 mln

$124.17 mln (4 Analysts)

Q3 Free Cash Flow

$16 mln

Q3 Net Income continuing operations

$85 mln

Q3 Segment Operating Profit

$87 mln


Reuters Recommended Reads

  • Nov 5 - Brazilian pulp maker Suzano's core profit rises 9% in third quarter

  • Nov 3 - Rayonier Advanced Materials Q3 sales and EBITDA miss estimates on tariffs, impairments

  • Nov 5 - Canada's Cascades Q3 profit misses estimates on higher costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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