Quarterly ResultMay 8, 2026, 07:17 AM
Sylvamo Q1 Net Loss $3M; Adjusted EBITDA $29M
AI Summary
Sylvamo Corporation announced its first quarter 2026 financial results, reporting a net loss of $3 million and adjusted EBITDA of $29 million, with net sales of $755 million. The company is undergoing a transition year with strategic investments at its Eastover mill and managing capacity constraints, which led to lower sales volume and incremental costs. Despite negative free cash flow of $59 million, the company expects the majority of its free cash flow to be generated in the second half of the year, and it refinanced debt and declared a $0.45 dividend for the second quarter. Sylvamo also anticipates reducing North America footprint transition costs by approximately $20 million due to revised import plans.
Key Highlights
- Sylvamo reported a net loss of $3 million for the first quarter of 2026.
- Adjusted EBITDA was $29 million, representing a 4% margin for Q1 2026.
- Net Sales for the first quarter of 2026 were $755 million.
- Free cash flow was negative $59 million in Q1 2026.
- The board of directors declared a $0.45 dividend for the second quarter.
- Europe segment operating loss was $(44) million in Q1 2026.
- North America segment operating profit was $25 million in Q1 2026.
- Expects to reduce 2026 North America footprint transition costs by approximately $20 million.