Sylvamo (NYSE:SLVM) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$933.0m (up 1.5% from 2Q 2023).

• Net income: US$83.0m (up 69% from 2Q 2023).

• Profit margin: 8.9% (up from 5.3% in 2Q 2023). The increase in margin was primarily driven by lower expenses.

• EPS: US$2.02 (up from US$1.16 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sylvamo EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Forestry industry in North America.

Performance of the market in the US.

The company's shares are up 9.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Sylvamo, and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.