SLVM - Sylvamo Non-GAAP EPS of $1.97 revenue of $977M; issues Q2 guidance

Sylvamo press release (NYSE:SLVM): Q1 Non-GAAP EPS of $1.97. Revenue of $977M (+25.6% Y/Y). Adjusted EBITDA of $187 million (19.1% margin) compared with $170 million (17.5% margin) in the fourth quarter of 2021 Free cash flow of $73 million compared with $162 million in the fourth quarter of 2021. Second-Quarter Outlook: Volume is expected to decrease $10 million to $15 million (remain stable, excluding Russia), with seasonally stronger Latin American volume offsetting more maintenance outages in North America. Price and mix are expected to improve by $60 million to $65 million ($50 million to $55 million, excluding Russia), compared to the first quarter, reflecting continued realization of prior price increases in all regions. Operations and costs are expected to increase by $10 million to $15 million ($5 million to $10 million, excluding Russia), due to other cost.

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Sylvamo Non-GAAP EPS of $1.97, revenue of $977M; issues Q2 guidance