Sylvamo Corp

We returned $38 million in cash to shareowners through dividends and share repurchases.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

Our board of directors declared a third quarter dividend of $0.45 per share, which we paid July 29.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

We will continue evaluating opportunities to repurchase shares at attractive prices with $42 million remaining on our $150 million share repurchase authorization from September 2023.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

Management uses this measure in managing the operating performance of our business and believes that Adjusted EBITDA and Adjusted EBITDA Margin provide investors and analysts meaningful insights into our operating performance and Adjusted EBITDA is a relevant metric for the third-party debt.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

Management utilizes this measure in connection with managing our business and believes that Free Cash Flow is useful to investors as a liquidity measure because it measures the amount of cash generated that is available, after reinvesting in the business, to maintain a strong balance sheet and service debt, and return cash to shareowners.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

Amounts related to interest were as follows: Three Months Ended June 30, Six Months Ended June 30, In millions 2026 2025 2026 2025 Interest expense (a) $ 15 $ 12 $ 27 $ 24 Interest income ( 2 ) ( 1 ) ( 4 ) ( 3 ) Capitalized interest costs ( 2 ) ( 1 ) ( 3 ) ( 2 ) Total $ 11 $ 10 $ 20 $ 19 (a) Interest expense for the three and six months ended June 30, 2026 includes $ 2 million of debt extinguishment cost related to the repayment of Term Loan F.

SEC original ↗Sylvamo Corp — 10-Q Quarterly report10-QAug 7, 2026

We remain focused on productivity, reliability and cost initiatives while ensuring we are well positioned for long-term value creation.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

As we first announced in February, we are investing in high-return projects at our Eastover, South Carolina, mill, including a $100 million paper machine speed-up and $45 million replacement sheeter.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

Spending for these strategic investments began this year, while the majority will take place in 2026.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

We are focused on creating shareowner value by maintaining a strong financial position, reinvesting in our business to grow our earnings and cash flows and returning cash to shareowners.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

Management uses this measure to focus on ongoing operations and believes it is useful to investors because it enables them to perform meaningful comparisons of past and present operating results.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

tariff situation and the potential challenges and opportunities that may unfold.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

We do not expect tariffs to have a material impact on the cost of our Eastover major capital projects or their expected returns.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

Any or all forward-looking statements may turn out to be incorrect, and our actual actions and results could differ materially from what they express or imply, because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

These risks, uncertainties, and other factors include those disclosed in the heading Risk Factors in our Annual Report on Form 10-K for the year ended Dec.

SEC original ↗Sylvamo Corp — Earnings release (8-K exhibit)EX-99Aug 8, 2025

Legal Proceedings 31 Item 1A.

SEC original ↗Sylvamo Corp — 10-Q Quarterly report10-QAug 7, 2026

For asset retirement obligations which are conditional upon future events, we cannot reasonably estimate the current fair value of those potential obligations due to the uncertainty as to the timing or amounts that may be incurred.

SEC original ↗Sylvamo Corp — 10-Q Quarterly report10-QAug 7, 2026