Sylvamo Corporation detailed $55 million in total annual benefits from four Eastover projects, with $30 million to $40 million of that expected in 2027. CEO John Sims said the paper machine speed-up will add 60,000 tons of uncoated freesheet capacity annually and, together with a new sheeter, will deliver $50 million in annual benefits. A completed sale-leaseback of the Eastover sheet plant to expand warehousing by 300,000 square feet is expected to yield upwards of $5 million in savings per year. The company also quantified a second-half price and mix benefit of $75 million to $85 million versus the first half, with 70% of that coming from price. Second-quarter adjusted EBITDA more than doubled sequentially to $60 million, while free cash flow was negative $23 million.
Sylvamo CorpCompany outlines $55M annual benefits from projects, with $30-40M expected in 2027, and Q2 EBITDA more than doubled sequentially.
