Sylvamo Corp (SLVM) Form 10-Q — Aug 7, 2026

$SLVMForm 10-QFiled Aug 7, 2026, 12:13 PM ET0001856485-26-000034Original filing

Sylvamo reported a second quarter 2026 net loss of $11 million ($0.28 per diluted share), swinging from net income of $15 million ($0.37 per diluted share) a year earlier. Net sales rose modestly to $806 million from $794 million, but the increase was entirely foreign-exchange driven. Profitability deteriorated broadly: Adjusted EBITDA fell 27% to $60 million from $82 million, free cash flow was negative at $(23) million, and both the Europe (-$20 million) and Latin America (-$16 million) segments posted operating losses while North America earned $50 million. The company is also building inventory ahead of an extended Eastover mill outage.

Key figures

Eps: -$0.28 diluted Q2 2026 vs $0.37 Q2 2025; -$0.35 diluted for six months
Revenue: $806 million Q2 2026 ($1,561 million for six months)
Net Income: -$11 million Q2 2026; -$14 million six months 2026
Total Debt: $964 million ($843 million long-term debt plus $121 million notes payable and current maturities)
Revenue Yoy: Q2 +$12 million vs $794 million (FX-driven); six months -$54 million vs $1,615 million
Total Assets: 2875
Cash Position: $64 million temporary investments (treated as cash equivalents)
Shares Outstanding: 39760243
Inventories: $503 million vs $418 million at December 31, 2025
Capex Guidance: $165-$190 million annual maintenance capex; ~$95 million high-return projects in 2026
Free Cash Flow Q2: -$23 million vs -$2 million prior year
Adjusted EBITDAQ2: $60 million vs $82 million prior year (-27%)
Dividend Per Share: $0.45 per share in Q2 ($18 million); $36 million paid for six months
Revolver Capacity: $400 million; $80 million drawn, $320 million available
Q2 Effective Tax Rate: 1200%, driven by $12 million valuation allowance on foreign deferred tax assets
Term Loan F3 Principal: $357 million, maturing 2032; repaid $257 million Term Loan F
Brazil Tax Assessments: ~$434 million total ($113 million tax plus $321 million interest, penalties and fees)
Free Cash Flow Six Months: -$82 million vs -$27 million prior year
Adjusted EBITDASix Months: $89 million vs $172 million prior year
Buyback Capacity Remaining: $150 million
Segment Operating Profit Q2: North America $50 million; Europe -$20 million; Latin America -$16 million
Operating Cash Flow Six Months: $28 million vs $87 million prior year

Price after filing

1 day: +6.0%7 days: -0.9%30 days: -7.1%

Close on the filing date to close N calendar days later (from $38.73). Historical, not a forecast.

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