Brief: Sylvamo Quarterly Results Higher Than Guidance, Cost Reduction Program Announced

Sylvamo

09/11/2023 12:26

Nov 9 (Reuters) - Sylvamo Corp  SLVM.N :
    * SYLVAMO QUARTERLY RESULTS HIGHER THAN GUIDANCE, COST
REDUCTION
PROGRAM ANNOUNCED
    * SYLVAMO CORP - BEFORE INFLATION, WE ARE TARGETING RUN RATE
SAVINGS OF AT LEAST $110 MILLION BY END OF 2024
    * SYLVAMO CORP - ELIMINATION OF APPROXIMATELY 150 POSITIONS,
OR
NEARLY 7% OF OUR GLOBAL SALARIED WORKFORCE
    * SYLVAMO CORP - QTRLY NET INCOME FROM CONTINUING OPERATIONS
$1.37
PER DILUTED SHARE
    * SYLVAMO CORP - QTRLY ADJUSTED OPERATING EARNINGS $1.70 PER
DILUTED SHARE

Source text for Eikon:  ID:nBw3Cs7Qca 
Further company coverage:  SLVM.N 

 ((Reuters.Briefs@thomsonreuters.com;))