Sylvamo reported second-quarter 2026 financial results on August 7, with sequential adjusted EBITDA jumping to $60 million, more than double the prior quarter's total, though margin stayed thin at 7%. Free cash flow remained negative at $23 million, an improvement from the previous quarter, and CEO John Sims called 2026 a transition year shaped by the end of a supply agreement and an extended mill outage. Management expects $75 million to $85 million of price and mix benefit in the second half versus the first, driven by uncoated freesheet price increases across all regions and International Paper's Riverdale mill conversion pulling 7% of annual industry capacity offline. The company also projects $55 million a year in benefits from Eastover mill investments and a warehouse sale-leaseback deal, with $30 million to $40 million landing as soon as 2027, while adjusted operating earnings came in at $0.03 per share, weighed down by $24 million in planned maintenance outage costs.
Sylvamo CorpAdjusted EBITDA doubled to $60 million, though margins thin and FCF negative.
International PaperRiverdale mill conversion pulls 7% of industry capacity offline, benefiting International Paper's pricing power.
