Sylvamo Releases First Quarter 2022 Results
First-Quarter Highlights: *Net income of $26 million ($0.59 per diluted share) compared with $62 million ($1.41 per diluted share) in the fourth quarter of 2021; first quarter 2022 net income includes the impact of a $68 million ($57 million, net of tax) impairment charge for our Russian operations as we evaluate options to exit the business *Free cash flow3 (non-GAAP) of $73 million compared with $162 million in the fourth quarter of 2021