Sylvamo Delivers Results In Line With Outlook, Well Positioned With Strong Balance Sheet

Management Summary from Chairman and Chief Executive Officer Jean-Michel Ribiéras

In the first quarter, we completed a heavy planned maintenance outage schedule in Europe and North America. The second quarter will be our heaviest outage quarter of the year, and by mid-year, we will have spent over 80% of the total annual planned maintenance outage costs.

We returned nearly $40 million in cash to shareowners in the first quarter. We distributed $18 million via the first quarter dividend and repurchased $20 million in shares. We will continue evaluating opportunities to repurchase shares at attractive prices with $62 million remaining on our $150 million share repurchase authorization from September 2023. Our board of directors also declared a second quarter dividend of $0.45 per share, which we paid April 29.

We understand one of the main risks in today’s environment is a global economic slowdown due to the current tariff situation, which could impact uncoated freesheet demand. Some shifts in uncoated freesheet and pulp trade flows are already starting to materialize. We also anticipate higher risks of inflation on our raw materials, transportation and capital spending. While these present possible challenges, these risks appear manageable because we are primarily sourcing and shipping locally, and have a very strong balance sheet.

Over 90% of our raw materials are sourced locally, with very little coming from China. In Europe and North America, more than 90% of our shipments stay within their respective region. In Latin America, 80% of our shipments remain in the region. Although we export about 20% of our products from Latin America, we are well positioned as our Brazilian mills are some of the world’s most competitive and low-cost uncoated freesheet facilities.
details at: https://investors.sylvamo.com/news/news-details/2025/Sylvamo-Delivers-Results-In-Line-With-Outlook-Well-Positioned-With-Strong-Balance-Sheet/default.aspx

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