The following is a summary of the Sylvamo Corporation (SLVM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Q3 2024 adjusted EBITDA was $193 million with a 20% margin.

• Free cash flow generated was $119 million.

• Adjusted operating earnings were reported at $2.44 per share.

• Adjusted EBITDA exceeded projections and was almost $30 million higher than the previous quarter.

Business Progress:

• Advanced Project Horizon efficiently, a cost reduction program aiming to save up to $120 million annually by streamlining overhead, manufacturing, and supply chain costs.

• The Georgetown mill closure was announced, leading to a restructuring of North American operations to focus on more profitable and efficient production lines.

Opportunities:

• The company remains resilient amidst uncoated freesheet industry improvements and capacity reductions in Europe and North America, enhancing their competitive position.

• Expected stable demand and supply in Latin America and shrinking supply in Europe against a slower demand reduction offers potential market advantage.

Risks:

• Upcoming fourth quarter challenges include an unfavorable price and mix impact and increased operational costs due to maintenance.

• Continued exposure to fluctuating input and transportation costs that could impact profitability.

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