Sylvamo 2024 Earnings Per Share Increases 21%, Adjusted Operating Earnings Per Share Up 14% as Company Generates Strong Cash Flow

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

In 2024, we earned $632 million in adjusted EBITDA, a 17% margin, and generated $248 million of free cash flow. We returned $130 million in cash to shareowners, representing 52% of free cash flow, exceeding our 40% commitment.

We have $82 million remaining on our $150 million share repurchase authorization from September 2023. Our board of directors also declared a first quarter dividend of $0.45 per share, which we paid Jan. 24th.

Our strong cash flow and $60 million received from escrow allowed us to pay down $154 million in debt in 2024, ending the year with $591 million in net debt.

Our structural cost reduction program, Project Horizon, made significant progress streamlining manufacturing, supply chain and overhead costs throughout 2024. Before inflation, we exceeded our $110 million year end run rate savings goal by $34 million, achieving $144 million in run rate savings.

On Dec. 31, we mutually terminated a supply agreement for uncoated freesheet, bristols and specialty papers from International Paper’s Georgetown, South Carolina, mill. We will continue to optimize by leveraging strategic initiatives to simplify the business, unlock efficiencies and drive earnings growth.
more at: https://investors.sylvamo.com/news/news-details/2025/Sylvamo-2024-Earnings-Per-Share-Increases-21-Adjusted-Operating-Earnings-Per-Share-Up-14-as-Company-Generates-Strong-Cash-Flow/default.aspx

Related Posts

Clearwater Paper Announces Closure of Neenah, Wisconsin Facility

Clearwater Paper Corporation announced the indefinite closure of its Neenah, Wisconsin facility, which includes three tissue machines and ten converting lines, removing a total paper production capacity of approximately 54,000 tons. Clearwater Paper intends to indefinitely close Neenah and exit the away from home business by the end of July 2021. “Despite the best efforts of our dedicated employees, our Neenah location and assets cannot cost effectively compete in the markets that we serve,” said Arsen Kitch, president and chief executive officer. “This was a difficult decision, because it affects our people, their families and the Neenah community.” The facility’s approximately 290 employees will be impacted by the closure.

Domtar Supports Students and Teachers with School Supply Donations

With the increasing cost of school supplies, the start of a new school year can be a stressful — and expensive — time for families and teachers alike. With rising prices affecting every household, school supply donations can help bridge the gap and ensure that every student and teacher has what they need for academic success. The average U.S. household will spend around $875 on school supplies during the 2024 back-to-school season, and more than 90 percent of teachers spend their own income on supplies for their classrooms. This year, to assist students and educators in their communities, employees at Domtar’s North American locations engaged in local school supply drives and fundraising events. We also continued our partnerships with customers like ODP Corporation and organizations like Classroom Central to give back to our communities.
Back To Top
×Close search
Search