Sylvamo
Produces office, commercial print, and converting papers across mills in North America, Brazil, and Europe.
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Profile
Uncoated freesheet paper — office copy, commercial print, and converting grades — made across mills in North America, Latin America, and Europe under brands including Hammermill, Chamex, and Multicopy. Carved out of International Paper in 2021, the business allocates free cash flow to dividends and buybacks rather than capacity growth.
Spun off from International Paper in 2021, the company produces uncoated freesheet paper — office copy, commercial print, and converting grades — across mills in North America, Latin America, and Europe. Heritage brands include Hammermill in North America, Chamex in Brazil, and REY and Multicopy in Europe.
North America accounts for most revenue, served by owned mills in New York and South Carolina plus offtake agreements with former parent mills in Alabama and South Carolina. Brazil's mills hold a structural cost advantage through roughly 250,000 acres of certified eucalyptus forestland owned or managed by the company.
Uncoated freesheet is a structurally declining end market; the business is run as a cash-return vehicle, directing capital to dividends and share buybacks rather than capacity expansion. Volume depends on demand for printing and writing paper in offices, schools, and commercial print shops.
Company facts
Categories
Key statistics
Year to date −23.7% · Average volume (30d) 267.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Truist Financial | Target | $51 | $49 | ||
| Jul 15, 2026 | Truist Financial | Target | $51 | |||
| Jul 14, 2026 | Bank of America Securities | Downgrade | Buy | Neutral | ||
| Apr 16, 2026 | RBC Capital | Target | $53 | $50 | ||
| Dec 18, 2025 | RBC Capital | Target | $49 | $53 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $0.02 | $0.03 | +71.4% | $811.3M | $806.0M | −0.6% | +8.71% |
| May 8, 2026Q1 FY26 | −$0.25 | −$0.53 | −112.0% | $740.8M | $755.0M | +1.9% | +0.17% |
| Feb 12, 2026Q4 FY25 | $1.05 | $1.08 | +2.9% | $858.8M | $890.0M | +3.6% | −6.16% |
| Nov 7, 2025Q3 FY25 | $1.57 | $1.44 | −8.3% | $858.8M | $846.0M | −1.5% | −0.51% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $821.0M | $794.0M | $846.0M | $890.0M | $755.0M | $806.0M | |
| Gross profit | $119.0M | $109.0M | $222.0M | $234.0M | $84.0M | $132.0M | |
| Operating income | $42.0M | $30.0M | $97.0M | $79.0M | $3.0M | $14.0M | |
| Net income | $27.0M | $15.0M | $57.0M | $33.0M | −$3.0M | −$11.0M | |
| Diluted EPS | $0.65 | $0.37 | $1.41 | $0.83 | −$0.08 | −$0.28 | |
| Gross margin | 14.5% | 13.7% | 26.2% | 26.3% | 11.1% | 16.4% | |
| Operating margin | 5.1% | 3.8% | 11.5% | 8.9% | 0.4% | 1.7% |
Fiscal years (4-quarter sums)FY21 $3.18B · FY22 $3.63B · FY23 $3.74B · FY24 $3.77B · FY25 $3.35B
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $123.0M · Total debt $964.0M · Total assets $2.88B · Shareholders' equity $955.0M
Dividends
Raised for 2 straight years — most recently to $0.45 from $0.30 in Jul 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 7, 2026 | Jul 7 | Jul 28 | $0.45 | |
| Apr 7, 2026 | Apr 7 | Apr 28 | $0.45 | |
| Jan 5, 2026 | Jan 5 | Jan 23 | $0.45 | |
| Oct 3, 2025 | Oct 3 | Oct 17 | $0.45 | |
| Jul 8, 2025 | Jul 8 | Jul 29 | $0.45 | |
| Apr 8, 2025 | Apr 8 | Apr 29 | $0.45 | |
| Jan 6, 2025 | Jan 6 | Jan 24 | $0.45 | |
| Oct 3, 2024 | Oct 3 | Oct 17 | $0.45 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 39.74M · Float 30.67M · 77.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Atlas FRM LLC | 6.31M | 15.89% | 13F | Aug 13, 2026 |
| Atlas GP Global Holdings LLC | 6.31M | 15.64% | 13D | Nov 6, 2025 |
| BlackRock, Inc. | 5.54M | 13.94% | 13F | Aug 7, 2026 |
| Millennium Management LLC | 2.52M | 6.34% | 13F | Aug 14, 2026 |
| Nomura Holdings Inc | 2.15M | 5.41% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 15, 2026 | Lizanne M. Bruce | director | −1,230 | $41.70 |
| Mar 17, 2026 | Patrick Wilczynski | officer: SVP, Operational Excellence | −6,000 | $42.28 |
| Mar 9, 2026 | Kevin W. Ferguson | officer: VP, Controller,Chief Acct.Off. | −2,500 | $42.06 |
| Mar 4, 2026 | Rodrigo Davoli | officer: SVP & GM, North America | −3,250 | $46.46 |
| Dec 9, 2025 | Kevin W. Ferguson | officer: VP, Controller,Chief Acct.Off. | −2,000 | $48.25 |
Peers
- Suzano (ADR)
Brazilian eucalyptus pulp giant — Report brand fights Chamex head-to-head.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sylvamo | $36.37 | −0.22% | $1.45B | 19.3 | 10.4 | 0.4 | +1.5% |
| Suzano (ADR) | $8.85 | −0.78% | $11.00B | 6.9 | 15.9 | 1.2 | −8.8% |
| Median | 6.9 | 15.9 | 1.2 | −8.8% |