2023-05-09 07:25:46 ET
- Sylvamo press release ( NYSE: SLVM ): Q1 Non-GAAP EPS of $2.51 beats by $0.11 .
- Revenue of $959M (+16.8% Y/Y) misses by $17.04M .
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Second Quarter Outlook
- We expect adjusted EBITDA to be $115 million to $125 million
- Compared to the first quarter:
- Price and mix are expected to decrease by $45 million to $50 million, reflecting the realization of prior price decreases for pulp in all regions and paper in Europe as well as less favorable product mix
- Volume is projected to improve by $10 million to $15 million, with seasonally stronger volume in Latin America
- Operations and costs are expected to increase by $10 million to $15 million primarily due to unabsorbed fixed costs
- Input and transportation costs are projected to improve by $15 million to $20 million, with favorable trends in energy and chemicals
- Total planned maintenance outage expenses are expected to increase by $59 million, with two-thirds of 2023 planned maintenance outage costs scheduled for the second quarter
For further details see:
Sylvamo Non-GAAP EPS of $2.51 beats by $0.11, revenue of $959M misses by $17.04M