Sylvamo (SLVM) FY2024 results: revenue $3.8 billion, up 1.4% on the year
Sylvamo Corp. (SLVM) reported revenue of $3.8 billion for fiscal 2024, the year ended 31 December 2024, up 1.4% on the year before. Net income was $302 million, up 19.4%, and diluted earnings per share $7.18. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$3.8 billion
+1.4% on the year
FY2019FY2024
Operating margin
12.0%
11.9% a year earlier
FY2019FY2024
Net income
$302 million
+19.4% on the year
FY2019FY2024
Diluted EPS
$7.18
+21.1% on the year
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
469
504
438
-6.9%
Capital expenditure
221
210
149
+5.2%
Free cash flow
248
294
289
-15.6%
Free cash flow margin
6.6%
7.9%
8.0%
Cash from investing
-221
-377
180
Cash from financing
-310
-219
-470
Depreciation and amortisation
159
143
125
+11.2%
Share-based compensation
23.0
23.0
20.0
0.0%
Buybacks
69.0
70.0
80.0
-1.4%
Dividends paid
62.0
57.0
10.0
+8.8%
Dividend per share
$1.65
$1.40
$0.47
+17.9%
Diluted shares, weighted
42m
43m
44m
-1.6%
Shares outstanding at period end
41m
41m
43m
-1.5%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
847
901
678
-6.0%
Debt
804
959
1,032
-16.2%
Operating lease liabilities
45.0
46.0
28.0
-2.2%
Finance lease liabilities
12.0
14.0
14.0
-14.3%
Other liabilities
896
952
958
-5.9%
Total liabilities and equity
2,604
2,872
2,710
-9.3%
Goodwill
111
139
128
-20.1%
Intangible assets
n/a
6.0
7.0
Investments
104
109
80.0
-4.6%
Cash and equivalents
205
280
360
-26.8%
Receivables
402
404
430
-0.5%
Inventory
361
404
364
-10.6%
Other assets
1,421
1,530
1,341
-7.1%
Total assets
2,604
2,872
2,710
-9.3%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.