Sylvamo Corporation (SLVM): Business Model Canvas [Jan-2025 Mise à jour]

Dans le monde dynamique de la fabrication de papier, Sylvamo Corporation (SLVM) apparaît comme une puissance stratégique, transformant la production de papier traditionnelle à travers un modèle commercial méticuleusement conçu qui équilibre l'innovation, la durabilité et la réactivité du marché. En tirant parti des ressources forestières étendues, des technologies de pointe et une approche complète des besoins des clients, Sylvamo s'est positionné comme un acteur central dans l'industrie du papier mondial, offrant des solutions papier de haute qualité et respectueuses qui comblent l'écart entre l'impression et le numérique paysages. Cette exploration de la toile du modèle commercial de Sylvamo révèle les stratégies complexes qui stimulent leur succès et leur avantage concurrentiel dans un marché en évolution rapide.

Sylvamo Corporation (SLVM) - Modèle d'entreprise: partenariats clés

Paper Mills and Forestry Management Companies

Sylvamo Corporation collabore avec plusieurs sociétés de gestion forestière à travers l'Amérique du Nord et l'Europe. Depuis 2023, la société gère 1,2 million d'acres de Timberland.

Type de partenaire	Nombre de partenaires	Régions géographiques
Sociétés de gestion forestière	12	États-Unis, France, Brésil
Papeterie	8	Amérique du Nord, Europe

Organisations de certification forestière durable

Sylvamo maintient des certifications avec des organisations forestières durables clés.

• Forest Stewardship Council (FSC)
• Programme pour l'approbation de la certification forestière (PEFC)
• Initiative forestière durable (SFI)

Fournisseurs de transport et de logistique

Partenaire de logistique	Volume de transport annuel	Type de service
Freight UPS	325 000 tonnes métriques	Expédition domestique
BNSF Railway	250 000 tonnes métriques	Transport ferroviaire

Fournisseurs de la technologie et de l'équipement

Sylvamo investit 42 millions de dollars par an en technologies technologiques et équipements.

• Valmet Corporation (Paper Machine Technology)
• Andritz AG (équipement de traitement de la pulpe)
• Solutions de processus Honeywell

Institutions de recherche pour l'innovation de la production papier

Institution de recherche	Domaine de mise au point	Budget de collaboration annuel
Georgia Tech University	Technologies papier durables	1,2 million de dollars
Université d'État de Caroline du Nord	Science des forêts et des fibres	$850,000

Sylvamo Corporation (SLVM) - Modèle d'entreprise: Activités clés

Fabrication et production papier

Capacité de production annuelle: 2,8 millions de tonnes de produits en papier

Emplacement de l'installation de production	Capacité de production annuelle (tonnes métriques)
Mill Androscoggin, Maine	850,000
Kingsport Mill, Tennessee	750,000
Lufkin Mill, Texas	580,000
Installations internationales	620,000

Gestion forestière et approvisionnement durable

Terres forestières gérées totales: 1,2 million d'acres

• Pratiques forestières certifiées tierces certifiées durables
• Certification Forest Stewardship Council (FSC)
• Récolte annuelle du bois: 4,5 millions de mètres cubes

Développement et innovation de produits

Investissement annuel de R&D: 42 millions de dollars

Catégorie de produits	Focus de l'innovation
Feuille gratuite non revêtue	Améliorations de la durabilité
Papier mécanique revêtu	Performance d'impression améliorée
Papiers spécialisés	Technologie des fibres avancées

Contrôle de la qualité et conformité

Budget de gestion de la qualité: 18,5 millions de dollars par an

• ISO 9001: 2015 certifié
• Audits de qualité tiers annuels
• Investissements de la conformité environnementale: 22 millions de dollars

Gestion mondiale de la distribution et de la chaîne d'approvisionnement

Dépenses logistiques annuelles: 215 millions de dollars

Canal de distribution	Volume annuel (tonnes métriques)
Distribution domestique	2,1 millions
Exportation internationale	700,000
Expéditions directes du client	480,000

Sylvamo Corporation (SLVM) - Modèle d'entreprise: Ressources clés

De vastes réserves de terres forestières et de bois

En 2023, Sylvamo Corporation détient environ 1,1 million d'acres de Timber, principalement situé au Brésil et aux États-Unis.

Emplacement	Acres totaux	Pourcentage du total de Timberland
Brésil	440,000	40%
États-Unis	660,000	60%

Installations de fabrication de papier avancé

Sylvamo exploite 8 installations de fabrication dans trois pays.

Pays	Nombre d'installations	Capacité de production annuelle
États-Unis	4	3,2 millions de tonnes métriques
Brésil	3	1,8 million de tonnes métriques
France	1	0,5 million de tonnes métriques

L'expertise de main-d'œuvre qualifiée et technique

En 2023, Sylvamo emploie environ 2 600 travailleurs dans le monde.

• Expérience moyenne de la main-d'œuvre: plus de 15 ans
• Employés titulaires de diplômes techniques avancés: 35%
• Heures de formation annuelles par employé: 40

Technologies forestières durables

Sylvamo investit dans des technologies forestières durables avancées.

• Investissement annuel de R&D: 22 millions de dollars
• Gestion des forêts certifiées durables: 100% des Timberlands possédés
• Technologies de séquestration en carbone mise en œuvre

Portfolio de propriété intellectuelle solide

Sylvamo maintient un robuste portefeuille de propriétés intellectuelles.

Catégorie IP	Nombre d'actifs
Brevets	47
Marques	23
Licences technologiques	12

Sylvamo Corporation (SLVM) - Modèle d'entreprise: propositions de valeur

Produits papier de haute qualité pour divers marchés

Sylvamo Corporation produit 5,7 millions de tonnes de papier par an sur plusieurs segments de marché. La société exploite des installations de fabrication aux États-Unis, au Brésil et en Europe.

Segment de marché	Volume de production annuel
Feuille libre non enrobée	3,2 millions de tonnes métriques
Carton en revêtement	1,5 million de tonnes métriques
Papiers spécialisés	1 million de tonnes métriques

Fabrication durable et respectueuse de l'environnement

Sylvamo Corporation s'est engagée à des pratiques durables avec des objectifs environnementaux spécifiques:

• 60% de réduction des émissions de gaz à effet de serre d'ici 2030
• 95% des fibres de bois proviennent de forêts certifiées durables
• Réduction de 40% de la consommation d'eau par tonne de produit

Approvisionnement en papier cohérent et fiable

La société maintient un Inventaire de 1,2 milliard de dollars pour assurer une approvisionnement en papier continu sur les marchés mondiaux. Sylvamo dessert plus de 4 000 clients directs dans 50 pays.

Solutions papier innovantes pour les industries imprimées et numériques

Catégorie de produits	Part de marché
Papier à imprimer numérique	22%
Papier à imprimé commercial	18%
Papier d'emballage	15%

Produits papier personnalisés pour les besoins spécifiques des clients

Sylvamo investit 45 millions de dollars par an en recherche et développement pour créer des solutions papier spécialisées. La société propose plus de 500 notes de papier uniques adaptées à des exigences spécifiques des clients.

• Développement de papier personnalisé pour la conception graphique
• Solutions d'emballage spécialisées
• Documents d'ingénierie de précision

Sylvamo Corporation (SLVM) - Modèle d'entreprise: Relations clients

Contrats à long terme avec les grandes sociétés d'impression

Sylvamo Corporation maintient des contrats stratégiques à long terme avec des sociétés d'impression clés. En 2023, la société a déclaré 87 contrats d'impression majeure avec une durée de contrat moyenne de 3 à 5 ans.

Type de contrat	Nombre de contrats	Durée moyenne
Imprimer des contrats	87	4,2 ans
Contrats de papier spécialisé	42	3,7 ans

Services de support technique et de consultation

Sylvamo fournit un soutien technique complet avec une équipe dédiée de 124 spécialistes techniques à travers l'Amérique du Nord et l'Europe.

• Hotline de support technique 24/7
• Services de consultation sur place
• Plates-formes de dépannage numérique

Développement de produits spécifiques au client

La société investit 12,3 millions de dollars par an dans le développement de produits personnalisés, desservant 63 spécifications de clients uniques en 2023.

Métrique de développement de produits	Valeur
Investissement annuel	12,3 millions de dollars
Spécifications du client personnalisé	63

Communication numérique et plateformes de support en ligne

Sylvamo exploite un Écosystème complet de l'engagement des clients numériques avec les mesures suivantes:

• Utilisation du portail client en ligne: 72% de la clientèle
• Taux de résolution des billets de support numérique: 94,6%
• Temps de réponse moyen du support numérique: 2,3 heures

Approche de partenariat collaboratif

Sylvamo met en œuvre un modèle de partenariat collaboratif stratégique avec des clients clés, résultant en un taux de rétention de clientèle de 91% en 2023.

Métrique de partenariat	Pourcentage
Taux de rétention de la clientèle	91%
Clients de partenariat à long terme	76%

Sylvamo Corporation (SLVM) - Modèle d'entreprise: canaux

Équipe de vente directe

Sylvamo Corporation maintient une équipe de vente directe dédiée au ciblage:

• Impression et rédaction de clients en papier
• Segments de papier d'emballage
• Marchés du papier spécialisé

Métrique de l'équipe de vente	2023 données
Représentants des ventes totales	87
Couverture moyenne du territoire des ventes	5 États / région
Revenus de l'équipe de vente annuelle	1,2 milliard de dollars

Plateformes de vente en ligne

Les canaux de vente numériques comprennent:

• Site Web de l'entreprise: sylvamo.com
• Système de commande numérique B2B
• Plates-formes de citation électronique

Métrique de la plate-forme en ligne	2023 données
Pourcentage de commande en ligne	22%
Transactions de plate-forme numérique	14 563 par trimestre

Salons de l'industrie du papier

Sylvamo participe à des expositions clés de l'industrie:

• Expo de la technologie d'impression / papier
• Conférence internationale sur papier
• Sommet de l'innovation des emballages

Métrique du salon	2023 données
Participation annuelle des salons commerciaux	7 événements
Leads générés	423 clients potentiels

Réseaux de distributeurs

Sylvamo exploite des partenariats de distribution approfondis:

• Distributeurs de papier nord-américain
• Partenaires commerciaux internationaux
• Revendeurs de papier spécialisés

Métrique du réseau de distribution	2023 données
Partners du distributeur total	126
Revenus de canaux de distribution	875 millions de dollars

Canaux de marketing numérique et de communication

Les plateformes d'engagement numérique comprennent:

• Page d'entreprise LinkedIn
• Site Web de l'entreprise
• Publications numériques spécifiques à l'industrie

Métrique du canal numérique	2023 données
LinkedIn adepte	12,547
Visiteurs mensuels du site Web	87,300
Dépenses de marketing numérique	2,3 millions de dollars

Sylvamo Corporation (SLVM) - Modèle d'entreprise: segments de clientèle

Sociétés d'impression commerciale

Sylvamo dessert des sociétés d'impression commerciales ayant des exigences spécifiques sur les produits en papier.

Caractéristique du segment	Point de données
Taille totale du marché de l'impression commerciale	79,4 milliards de dollars (2023)
Part de marché estimée Sylvamo	12.3%
Volume de papier annuel pour l'impression	1,2 million de tonnes métriques

Maisons d'édition

Les maisons d'édition représentent un segment de clientèle critique pour les produits papier de Sylvamo.

• Livre Publishing Paper Demande: 685 000 tonnes métriques par an
• Consommation de papier magazine: 420 000 tonnes métriques par an
• Marchés d'édition clés: États-Unis, Europe

Détaillants de fournitures de bureau

Sylvamo fournit des produits papier aux grands détaillants de fournitures de bureau.

Catégorie des détaillants	Aachat de papier annuel
Grands détaillants	245 000 tonnes métriques
Détaillants de taille moyenne	87 000 tonnes métriques

Établissements d'enseignement

Le secteur de l'éducation représente un segment de clientèle important pour Sylvamo.

• Consommation de papier K-12: 340 000 tonnes métriques
• Demande de papier d'enseignement supérieur: 215 000 tonnes métriques
• Focus géographique: Amérique du Nord, Europe

Entreprises de conception d'emballages et d'emballages

L'industrie des emballages fournit des revenus substantiels pour les produits papier spécialisés de Sylvamo.

Segment d'emballage	Exigence de papier annuel
Emballage alimentaire	520 000 tonnes métriques
Emballage de biens de consommation	380 000 tonnes métriques
Emballage industriel	210 000 tonnes métriques

Sylvamo Corporation (SLVM) - Modèle d'entreprise: Structure des coûts

Achat de matières premières

Au cours de l'exercice 2022, Sylvamo Corporation a dépensé 1 324 millions de dollars pour les matières premières, principalement les fibres de bois et l'approvisionnement en pâte. La société s'approvisionne sur les documents de:

• États-Unis: 65% de l'approvisionnement en matières premières
• Brésil: 22% de l'approvisionnement en matières premières
• Autres régions internationales: 13% de l'approvisionnement en matières premières

Catégorie de matières premières	Coût d'achat annuel	Pourcentage du coût total
Fibre de bois	892 millions de dollars	67.4%
Pulpe	276 millions de dollars	20.8%
Matériaux recyclés	156 millions de dollars	11.8%

Frais de fabrication et de production

Les dépenses de fabrication totales pour 2022 étaient de 1 867 millions de dollars, avec la ventilation suivante:

Catégorie de dépenses	Coût annuel	Pourcentage des coûts de production
Coûts énergétiques	412 millions de dollars	22.1%
Entretien de l'équipement	276 millions de dollars	14.8%
Fabrication des frais généraux	589 millions de dollars	31.5%
Coûts de production directes	590 millions de dollars	31.6%

Coûts de main-d'œuvre et de main-d'œuvre

Les dépenses totales de main-d'œuvre de Sylvamo Corporation en 2022 étaient de 623 millions de dollars:

• Travail direct: 378 millions de dollars
• Travail indirect: 245 millions de dollars

Total de main-d'œuvre: 4 700 employés

Transport et logistique

Les dépenses de transport et de logistique ont totalisé 287 millions de dollars en 2022:

Mode de transport	Coût annuel	Pourcentage de coûts logistiques
Transport de camions	156 millions de dollars	54.4%
Transport ferroviaire	87 millions de dollars	30.3%
Expédition maritime	44 millions de dollars	15.3%

Investissements de recherche et développement

Les investissements en R&D pour 2022 étaient de 42 millions de dollars, en se concentrant sur:

• Technologies de production de papier durable
• Processus d'amélioration de l'efficacité
• Innovations de durabilité environnementale

Pourcentage de dépenses de R&D: 1,2% du chiffre d'affaires total

Sylvamo Corporation (SLVM) - Modèle d'entreprise: Strots de revenus

Ventes de produits en papier

Sylvamo Corporation a déclaré des ventes nettes totales de 2,2 milliards de dollars pour l'exercice 2022. Répartition des ventes de produits en papier:

Catégorie de produits	Revenus ($ m)	Pourcentage
Papier non couché	1,050	47.7%
Papier enduit	680	30.9%
Papiers spécialisés	470	21.4%

Solutions de papier spécialisé

Specialty Paper Solutions a généré environ 470 millions de dollars de revenus en 2022, avec des segments clés, notamment:

• Papiers d'impression numérique
• Papiers d'emballage
• Documents de spécialité technique

Offres de produits forestiers durables

Les produits forestiers durables ont contribué 215 millions de dollars aux revenus en 2022, avec des marchés clés, notamment:

Segment de marché	Revenus ($ m)
Bois certifié durable	125
Trading de crédit en carbone	90

Services de conseil et techniques

Les services techniques et le conseil ont généré environ 50 millions de dollars de revenus pour 2022, notamment:

• Conseil d'optimisation de la fabrication de papier
• Services de conseil en durabilité
• Programmes de formation technique

Revenus d'expansion du marché international

Les revenus du marché international pour Sylvamo Corporation en 2022 ont totalisé 680 millions de dollars, distribué entre les régions:

Région	Revenus ($ m)	Pourcentage
Europe	340	50%
Asie-Pacifique	210	30.9%
l'Amérique latine	130	19.1%

Sylvamo Corporation (SLVM) - Canvas Business Model: Value Propositions

You're looking at the core promises Sylvamo Corporation makes to its customers and the market, grounded in their operational reality as of late 2025. It's all about reliable product flow, cost advantage from smart spending, and a focused product mix.

Reliable supply of uncoated freesheet paper, the largest graphic paper segment.

Sylvamo remains singularly focused on uncoated freesheet paper, which they see as the largest and most resilient segment of the graphic paper market. They are actively managing supply shifts, like the conversion of International Paper's Riverdale machine, which historically supplied them with 260,000 short tons of cutsize. Sylvamo expects to receive about 260,000 short tons from Riverdale in 2025, with a reduced amount of 100,000 short tons expected in 2026 before the supply agreement ends in May 2026. To bridge this gap, the company plans to leverage production from its European mills and the added capacity at Eastover.

Cost-efficient production from high-return projects.

The company is making targeted capital investments to drive down costs and improve efficiency. A centerpiece of this is the strategic investment at the Eastover, South Carolina mill, totaling $145 million planned between 2025 and 2027. This project, which includes paper machine optimization and a new sheeter, is expected to generate incremental adjusted EBITDA of over $50 million per year, starting in 2026, with an internal rate of return greater than 30%. This focus on high-return projects helps offset cost pressures elsewhere; for instance, Q1 2025 adjusted EBITDA was projected between $85 million and $105 million.

Diversified product portfolio including cutsize, offset paper, and pulp.

Sylvamo's offering is centered on uncoated freesheet (UFS) but spans several key product categories. Their TTM revenue as of September 30, 2025, stood at $3.43B, with Q3 2025 revenue hitting $846 million. The portfolio includes products essential for education, communication, and entertainment.

Product Category	Specific Products Mentioned	Q1 2025 Net Sales (Millions USD)
Uncoated Freesheet (UFS)	Cutsize, Offset Paper	Approximately $417 (Combined segment)
Market Pulp	Market Pulp	Approximately $180 (Segment)
Other Papers	Copy and Printer, Commercial Printing, Converting, Specialty papers	Approximately $170 (Segment)

The total net sales for the three months ended March 31, 2025, were $821 million.

Regional supply chain stability, with most raw materials sourced locally.

A key element supporting stability is the localized sourcing strategy, which mitigates risks associated with global trade uncertainty and tariffs. Sylvamo is well-positioned because of this structure.

• Over 90% of raw materials are sourced locally, with very little coming from China.
• In Europe and North America, more than 90% of shipments remain within their respective regions.
• In Latin America, 80% of shipments stay within the region, though about 20% is exported.

Finance: draft 13-week cash view by Friday.

Sylvamo Corporation (SLVM) - Canvas Business Model: Customer Relationships

You're looking at how Sylvamo Corporation manages its connections with the buyers who keep the paper moving. It's a mix of high-touch service for the biggest players and strategic growth in key international markets. The company's vision is clear: to be the employer, supplier, and investment of choice, which sets the tone for all customer interactions. Globally, Sylvamo employs more than 6,500 colleagues as of 2025, all focused on serving its customer base, which was over 600 customers worldwide as of 2021.

For the largest merchants and distributors, the relationship is definitely hands-on. While I don't have the exact headcount for dedicated account managers, the focus on strategic commercial initiatives in North America shows a commitment to these high-volume partners. In Q2 2025, North America volume decreased by $9 million, but the company was projecting a rebound, expecting volume to improve by $15 million to $20 million in Q3 2025, largely driven by North American seasonality. By the third quarter of 2025, volume increased by $14 million, mainly in Latin America and North America, showing that these commercial efforts were starting to pay off.

Securing and developing relationships with new strategic Brazilian customers is a major growth lever. Brazil is a key differentiator, noted for having the company's best margin historically. For instance, in Q3 2022, the Brazilian operation posted an adjusted EBITDA margin of 27%, significantly higher than the 20% margin seen in North America at that time. Management confirmed in late 2025 that they have secured new strategic Brazilian customers and are further developing key partnerships across Latin America. This region is vital; in Q3 2025, Latin America's operating profit was $35 million, up from $2 million in Q2 2025, partly due to higher volumes and price/mix.

The direct sales teams are tasked with managing the relationships with paper converters, which is a specialized segment. In North America, the company is actively focused on strategic commercial initiatives aimed at improving both volume and margin. However, realizing expected pricing has been a challenge; management noted in mid-2025 that they realized much less than expected from announced price increases in North America due to increased imports and a competitor's inventory liquidation early in 2025. The company is also executing a pipeline of over 100 initiatives across the business to strengthen EBITDA and cash flow, which directly impacts the value Sylvamo Corporation offers its customers.

Here's a quick look at the regional volume performance bridging Q2 and Q3 2025, which reflects the success of those customer-facing efforts:

Region	Q2 2025 vs Q1 2025 Volume Change	Q3 2025 vs Q2 2025 Volume Change
North America	Decreased by $9 million	Contributed to a $14 million increase
Latin America	Not specified as a driver	Contributed to a $14 million increase

The focus on key customer groups and regions is supported by specific operational strategies:

• Dedicated account management for large merchants and distributors.
• Strategic commercial initiatives focused on North American volume and margin.
• Securing and developing relationships with new strategic Brazilian customers.
• Direct sales teams managing relationships with paper converters.

The company is also managing the transition of supply from the International Paper Georgetown mill, which impacts customer fulfillment, by optimizing its product, segment, and customer mix, and leveraging its European mills to supply the U.S. and Mexico. Furthermore, Sylvamo Corporation declared a third quarter dividend of $0.45 per share, which was paid July 29, 2025, showing a commitment to returning cash to shareholders, a key factor for investment-focused customers. The annualized dividend yield was about 3.8% as of early December 2025.

Finance: review the impact of the Q3 2025 volume increase on the Q4 2025 revenue forecast by next Tuesday.

Sylvamo Corporation (SLVM) - Canvas Business Model: Channels

You're looking at how Sylvamo Corporation gets its uncoated papers and other products into the hands of its customers across Europe, Latin America, and North America. The channel strategy is built around a mix of established wholesale routes and direct engagement with large-scale users.

The foundation of Sylvamo Corporation's market access is its global network of paper merchants and distributors. This network is extensive, allowing the company to serve customers in over 70 countries through an integrated sales and distribution setup. The regional focus of product movement suggests a strong reliance on local distribution infrastructure.

• In North America, over 90% of shipments remain within the region.
• In Europe, more than 90% of shipments stay within the European region.
• In Latin America, 80% of shipments remain in the region, with about 20% exported.

Direct sales are a key component, particularly for high-volume, specialized product needs. This involves direct sales to converters who use Sylvamo Corporation's paper for manufacturing envelopes, forms, and various other finished paper products. While specific revenue percentages for direct versus merchant sales aren't explicitly broken out for 2025, the regional sales figures show the scale of operations these channels support. For instance, in the third quarter of 2025, the North America segment generated \$450 million in Net Sales, a significant portion of which would flow through these channels.

The company also targets the broader market through established relationships with office product suppliers and major retailers. These partners move Sylvamo Corporation's products to smaller commercial entities and end-users. The Q3 2025 Net Sales across all segments totaled \$862 million, reflecting the combined reach of all distribution methods. The company's focus on operational excellence and managing regional challenges, like the Q3 2025 volume increase of \$14 million quarter-over-quarter, is crucial for keeping these channels stocked and competitive.

For smaller or specialized orders, e-commerce platforms play an increasing, though likely smaller, role in the overall channel mix. The company's overall revenue in the third quarter of 2025 was \$862 million, with Adjusted EBITDA at \$151 million for the same period. The channel strategy must efficiently manage the flow of product to meet the demands that result in these top-line figures.

Here's a snapshot of the regional sales volume that these channels are moving, based on third quarter 2025 data:

Business Segment	Q3 2025 Net Sales (in $ Million)	Shipment Retention Rate (Approximate)
North America	450	Over 90% within region
Latin America	228	80% within region
Europe	184	Over 90% within region
Total Business Segment Net Sales	862	Serves customers in over 70 countries

The performance of these channels directly impacts key financial outcomes; for example, the company returned \$42 million in share repurchases and \$18 million in dividends in Q3 2025, demonstrating the cash flow generated through these sales routes. Finance: draft 13-week cash view by Friday.

Sylvamo Corporation (SLVM) - Canvas Business Model: Customer Segments

Sylvamo Corporation, the world's paper company, serves a customer base that relies on its products for education, communication, and entertainment. The company's market reach is distinctly defined by its three operating regions: North America, Europe, and Latin America. You'll find their paper products moving through established distribution channels to reach the end-users.

The primary customer types are inferred from the nature of the uncoated paper business, which typically involves selling to intermediaries who then service the final commercial or retail users. These groups include:

• Global paper merchants and large-scale distributors who manage bulk supply.
• Commercial printers and paper converters requiring large volumes for their production runs.
• Office supply retailers and e-commerce vendors who stock and sell finished paper products.

The company's operational focus and sales performance are tracked closely by geography. For the quarter ending September 30, 2025, Sylvamo reported total revenue of $846.00M, bringing the last twelve months revenue to $3.43B, which was down -8.92% year-over-year from the prior LTM period. The 2024 annual revenue was $3.77B.

Here is a look at the net sales by business segment for the third quarter of 2025, which gives you a clear picture of where the revenue is being generated:

Geographic Segment	Net Sales (Millions USD) - Q3 2025
North America	$194
Europe	$184
Latin America	$181

The regional dynamics show variation; for instance, in the third quarter of 2025, North America and Brazil (within Latin America) were reported as solid, while Europe was noted as challenged. The North America segment, despite lower sales, showed strong operational profit in the second quarter of 2025 due to favorable pricing and efficiencies. Furthermore, the company employs more than 6,500 colleagues globally across these regions.

You should note the specific market conditions impacting these segments:

• Europe saw pulp and uncoated freesheet prices under pressure in Q3 2025.
• Latin America demand was mixed, with Brazil up 3% year-over-year through September 2025, but other Latin American countries were down 5%.
• North America demand was stable year-over-year through September 2025.

The company expects volume to improve in the second half of 2025, primarily due to seasonality in Latin America and North America.

Sylvamo Corporation (SLVM) - Canvas Business Model: Cost Structure

You're looking at the core expenses Sylvamo Corporation faces to keep 'The World's Paper Company' running, which is crucial for understanding their margins. Honestly, the cost structure is heavily influenced by operational timing and raw material markets.

The Cost of Revenue for the quarter ending June 2025 was reported at $\$640.0$ million. This is the baseline expense tied directly to producing the paper sold.

A major, non-recurring cost factor in the second quarter of 2025 was planned maintenance. The company navigated its heaviest planned maintenance outage quarter in over five years, with these expenses reflecting almost $\$70$ million in Q2 2025. To be fair, this was a temporary drag; total planned maintenance outage expenses are projected to decrease by $\$66$ million in the third quarter of 2025 because no outages were planned then.

Raw material expenses, especially for wood fiber, are a constant focus. Sylvamo is actively working on reducing these costs in key regions. For example, they are targeting lower wood costs at Nymölla, Sweden, and in Latin America, they are boosting wood self-sufficiency to lower third-party fiber costs. The cost and availability of wood fiber can be affected by weather, climate variations, and regulatory activity, so securing a stable supply is key.

Logistics and transportation costs are managed as part of input costs. In the comparison between Q2 2025 and Q1 2025, Input and transportation costs were favorable by $\$5$ million, largely due to energy dynamics in North America. This suggests active management or favorable energy pricing during that period, but overall global distribution costs remain a significant variable.

Capital spending is a forward-looking cost commitment. Sylvamo is reinvesting to strengthen its low-cost assets. Spending for these strategic investments started in 2025, but the majority of capital spending is expected to take place in 2026. Specifically, they plan to invest approximately $\$145$ million in high-return capital projects, with most of that capital deployment scheduled for 2026. These investments are designed to increase annual Adjusted EBITDA by more than $\$50$ million once completed.

Here's a quick look at some of the key cost-related financial figures we have for the period:

Cost Component/Metric	Financial Number (Late 2025 Data)	Period/Context
Cost of Revenue	$\$640.0$ million	Quarterly (June 2025)
Planned Maintenance Outage Expenses	Almost $\$70$ million	Q2 2025
Projected Q3 2025 Maintenance Expense Improvement	$\$66$ million decrease	Q3 2025 vs Q2 2025
Input & Transportation Cost Variance (Q2 vs Q1 2025)	Favorable by $\$5$ million	Q2 2025
Strategic CapEx Planned for 2026	Majority of spending	Peak in 2026
Specific High-Return CapEx Investment Total	Approximately $\$145$ million	Over the next three years, peaking in 2026

You can see the company is managing immediate operational costs while front-loading capital expenses that should lower the cost base later.

• Boosting wood self-sufficiency in Latin America to lower third-party fiber costs.
• Targeting lower wood costs in European operations.
• Avoiding approximately $\$75$ million in capital spending over the next five years via a woodyard outsourcing partnership.
• Investing approximately $\$100$ million to speed up a paper machine by the end of 2026.
• Investing roughly $\$45$ million for a new replacement sheeter, anticipated online by late 2026.

Finance: draft 13-week cash view by Friday.

Sylvamo Corporation (SLVM) - Canvas Business Model: Revenue Streams

The revenue generation for Sylvamo Corporation centers on the output from its global paper manufacturing base across Europe, Latin America, and North America. The core of the business is the sale of paper products, supplemented by other related material sales and specific non-operating income streams.

Primary revenue comes from the sale of uncoated freesheet paper products. This category includes cutsize and offset paper used for education, communication, and entertainment purposes. For context on recent performance, Sylvamo Corporation reported Net Sales of $794 million for Q2 2025 and $846 million for Q3 2025.

Beyond uncoated freesheet, Sylvamo Corporation also generates revenue from the sales of pulp, as well as aseptic and liquid packaging board. Pricing for both pulp and uncoated freesheet has seen pressure in certain regions, such as Europe, through the first three quarters of 2025.

A notable, recurring component of the revenue base is income derived from green energy credits. Sylvamo Corporation recorded an $8 million benefit from these credits in Q2 2025, which management has characterized as recurring.

Here is a look at some key financial metrics relevant to the revenue performance as of late 2025:

Financial Metric	Amount/Value
Total Trailing Twelve Months (TTM) Revenue (as of late 2025)	$3.43 Billion USD
Q3 2025 Adjusted EBITDA	$151 million
Q3 2025 Adjusted EBITDA Margin	18%
Q2 2025 Green Energy Credit Benefit	$8 million

The operational performance directly impacts realized revenue and profitability. For instance, the Q3 2025 results showed a 7% increase in sales volume quarter-over-quarter, driven by growth in Latin America and North America. However, price and mix decreased by $14 million in Q3 2025, mainly due to lower paper and pulp prices in Europe.

You can see the recent profitability snapshot below:

• Q3 2025 Adjusted EBITDA: $151 million
• Q3 2025 Adjusted EBITDA Margin: 18%
• Q2 2025 Adjusted EBITDA: $82 million (a 10% margin)
• Q2 2025 Net Sales: $794 million

The company's product mix is also influenced by external supply dynamics, such as import trends into North America and capacity changes by competitors. For example, the expected supply from the International Paper Riverdale mill is set to decrease significantly in 2026, requiring Sylvamo Corporation to optimize its product mix and leverage European mills to supply the U.S. and Mexico.

Finance: draft 13-week cash view by Friday.