Sylvamo Q2 sales miss on maintenance outages in Latin America, Europe
SLVM•Outlook
- Sylvamo expects stronger earnings performance in the second half of the yr
- Company expects seasonally higher demand in Latin America through the second half
- Sylvamo expects continued realization of price increases through the third qtr
Overview
- Global paper maker's Q2 sales declined and missed analyst expectations
- Adjusted EBITDA for Q2 missed analyst expectations
- Company cited planned maintenance outages and higher input costs as factors impacting results
Result drivers and key details
- Price increases - Co said realization of uncoated freesheet price increases across all regions contributed to improved sales price and mix
- Maintenance outages - Planned maintenance outages negatively impacted operating profits, especially in Latin America and Europe
- Input costs - Higher input costs offset some gains from price increases, particularly in Latin America
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Miss | $806 mln | $814.26 mln (4 Analysts) |
