As anticipated, free cash flow was impacted by lower earnings, the unfavorable impacts of our inventory build, and the timing of payments. Keep in mind that our free cash flow is heavily weighted to the second half of the year. In the last few years, we generated the vast majority of our free cash flow in the second half, and we expect to do so again this year. Now I will turn it over to Don to review our performance in more detail.As a reminder from our last call, 2026 is a transition year as we work throu ...

Sylvamo (NYSE:SLVM) Q1 2026 Earnings call May 08, 2026 10:00 AM ET Company Participants Don Devlin - SVP and CFO Hans Bjorkman - VP of Investor Relations John Sims - CEO Conference Call Participants Daniel Harriman - Analyst George Staphos - Analyst Matthew McKellar - Analyst Niccolo Piccini - Analyst Operator Good morning. Thank you for standing by. Welcome to Sylvamo's First Quarter 2026 Earnings Call. All lines have been placed on mute to prevent any background noise. After today's prepared remarks, we w ...

Sylvamo (NYSE:SLVM) Q1 2026 Earnings call May 08, 2026 10:00 AM ET Company ParticipantsDon Devlin - SVP and CFOHans Bjorkman - VP of Investor RelationsJohn Sims - CEOConference Call ParticipantsDaniel Harriman - AnalystGeorge Staphos - AnalystMatthew McKellar - AnalystNiccolo Piccini - AnalystOperatorGood morning. Thank you for standing by. Welcome to Sylvamo's 1st quarter 2026 earnings call. All lines have been placed on mute to prevent any background noise. After today's prepared remarks, we will host a q ...

Sylvamo (NYSE:SLVM) Q1 2026 Earnings call May 08, 2026 10:00 AM ET Speaker7Good morning. Thank you for standing by. Welcome to Sylvamo's 1st quarter 2026 earnings call. All lines have been placed on mute to prevent any background noise. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. As a reminder, this conference is being recorded. I will now turn the call ...

业绩总结 - 2026年第一季度调整后的EBITDA为1.25亿美元，调整后的EBITDA利润率为14%[14] - 2026年第一季度自由现金流为2900万美元，较2025年第一季度的3800万美元下降[14] - 2026年第一季度调整后的每股运营收益为-0.53美元，较2025年第一季度的0.68美元下降[14] - 2026年第一季度净销售额为755百万美元，较4Q25的890百万美元下降了15.1%[72] - 1Q26的调整后EBITDA为29百万美元，较4Q25的125百万美元下降了96百万美元[70] - 1Q26的调整后EBITDA利润率为4%，较4Q25的14%下降了10个百分点[72] - 1Q26的北美调整后EBITDA为39百万美元，较4Q25的89百万美元下降了50.6%[73] - 1Q26的拉丁美洲调整后EBITDA为26百万美元，较4Q25的58百万美元下降了55.2%[73] 未来展望 - 预计2026年因全球10%关税带来的调整后EBITDA收益约为2000万美元[19] - 2026年维护停工和一次性成本预计为1.15亿美元，较2025年的1.10亿美元有所上升[57] - 2026年资本支出预计为2.45亿美元，较2025年的2.24亿美元有所增加[57] - 2026年预计的收入税率（不包括特殊项目）为30%-31%[57] 现金流与债务 - 1Q26的自由现金流为负59百万美元，相较于1Q25的负25百万美元下降了34百万美元[70] - 1Q26的现金提供自经营活动为负10百万美元，较1Q25的23百万美元下降了33百万美元[71] - 2026年净债务为7.69亿美元，调整后的EBITDA为3.87亿美元，净债务与调整后EBITDA比率为2.0倍[62] - 公司已成功完成2027年债务的再融资，以延长到期时间[26] 其他信息 - 2025年10月，第三方对巴西森林土地的评估价值约为50亿巴西雷亚尔[75]

核心财务表现 - 2026年第一季度每股亏损0.53美元，远逊于市场预期的每股亏损0.25美元，较上年同期每股收益0.68美元大幅下滑，调整后每股收益意外为负116.33% [1] - 公司当季营收为7.55亿美元，超出市场预期5.45%，但较上年同期的8.21亿美元有所下降 [2] - 在过去四个季度中，公司仅有一次超出每股收益预期，但有两次超出营收预期 [2] 近期股价与市场表现 - 自年初以来，公司股价已下跌约9.2%，而同期标普500指数上涨了7.2% [3] - 股价的短期走势将主要取决于管理层在财报电话会议中的评论 [3] 未来盈利预期与评级 - 当前市场对下一季度的共识预期为营收8.3亿美元，每股收益0.68美元；对当前财年的共识预期为营收33.2亿美元，每股收益2.75美元 [7] - 在本季度财报发布前，公司的盈利预期修正趋势好坏参半，这使其获得了Zacks Rank 3（持有）评级，预计近期表现将与市场同步 [6] - 未来几个季度和当前财年的盈利预期变化值得关注 [7] 行业背景 - 公司所属的Zacks造纸及相关产品行业，在250多个Zacks行业中排名处于后12% [8] - 研究表明，排名前50%的行业表现优于后50%，幅度超过2比1 [8] 同业比较 - 同属Zacks基础材料板块的Avino Silver预计将于5月13日公布截至2026年3月的季度业绩 [9] - 市场预期Avino Silver季度每股收益为0.07美元，与上年同期持平，该预期在过去30天内维持不变 [9] - 预期Avino Silver季度营收为3510万美元，较上年同期增长86.3% [10]

Sylvamo Releases First Quarter Earnings May 8, 2026 7:00 AM Eastern Daylight Time Sylvamo Releases First Quarter Earnings Share MEMPHIS, Tenn.--(BUSINESS WIRE)--Sylvamo (NYSE: SLVM), the world's paper company, is releasing first quarter earnings. The company will host an audio webcast at 10 a.m. EDT at investors.sylvamo.com. Management Summary from Chief Executive Officer John Sims 2026 continues to be a transition year as we work through some short-term capacity constraints due to the termination of the Ri ...