Sylvamo Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 15, 2024 at 07:00 am EST
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Sylvamo Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 964 million compared to USD 927 million a year ago. Net income was USD 49 million compared to USD 94 million a year ago. Basic earnings per share from continuing operations was USD 1.18 compared to USD 2.02 a year ago. Diluted earnings per share from continuing operations was USD 1.16 compared to USD 1.99 a year ago. Basic earnings per share was USD 1.18 compared to USD 2.16 a year ago. Diluted earnings per share was USD 1.16 compared to USD 2.13 a year ago.
For the full year, sales was USD 3,721 million compared to USD 3,628 million a year ago. Net income was USD 253 million compared to USD 118 million a year ago. Basic earnings per share from continuing operations was USD 6.02 compared to USD 7.65 a year ago. Diluted earnings per share from continuing operations was USD 5.93 compared to USD 7.57 a year ago. Basic earnings per share was USD 6.02 compared to USD 2.68 a year ago. Diluted earnings per share was USD 5.93 compared to USD 2.66 a year ago.
Sylvamo Corporation is an uncoated papers company. The Companyâs segments include Europe, Latin America and North America. Europe segment produces a portfolio of uncoated freesheet papers for various uses and applications, and market pulp. The segment operates two integrated mills in the region, one in Saillat, France and one in Nymolla, Sweden. Latin American segmentâs operations is focused on uncoated freesheet paper, as well as market pulp through the ownership or management of approximately 250,000 acres of forestlands in Brazil and consists of three mills: two integrated mills in the State of Sao Paulo and one non-integrated mill in Mato Grosso do Sul. The North American segmentâs paper business manufactures uncoated freesheet papers at its mills in Eastover, South Carolina and Ticonderoga, New York and has offtake agreements to purchase the uncoated papers produced by International Paperâs Riverdale and Georgetown mills in Selma, Alabama and Georgetown, South Carolina.
SYLVAMO CORPORATION 
