Sylvamo Corporation (SLVM) Q4 2024 Earnings Call Transcript

Sylvamo Corporation (NYSE:SLVM) Q4 2024 Earnings Conference Call February 12, 2025 10:00 AM ET

Company Participants

Hans Bjorkman - Vice President, Investor Relations
Jean-Michel Ribieras - Chairman and Chief Executive Officer
John Sims - Senior Vice President and Chief Financial Officer

Conference Call Participants

George Staphos - Bank of America
Matthew McKellar - RBC Capital Markets
Daniel Harriman - Sidoti & Company

Operator

Good morning. Thank you for standing by. Welcome to Sylvamo's Fourth Quarter 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, you will have an opportunity to ask questions. [Operator Instructions] As a reminder, your conference is being recorded.

I would now like to turn the call over to Hans Bjorkman, Vice President, Investor Relations. Sir, the floor is yours.

Hans Bjorkman

Thanks, Audra. Good morning and thank you for joining our fourth quarter and full year 2024 earnings call. Our speakers this morning are Jean-Michel Ribieras, Chairman and Chief Executive Officer; and John Sims, Senior Vice President and Chief Financial Officer.

Slides 2 and 3 contain important information, including certain legal disclaimers. For example, during this call, we will make forward-looking statements that are subject to risks and uncertainties. We will also present certain non-US GAAP financial information.

Reconciliations of those figures to US GAAP financial measures are available in the appendix. Our website also contains copies of the earnings release as well as today's presentation.

With that, I'd like to turn the call over to Jean-Michel.

Jean-Michel Ribieras

Thanks, Hans. Good morning, and thank you for joining our call. I'll start on Slide 4. In 2024, we generated 23% return on invested capital as we executed our strategy and strengthened our competitive advantages in our core uncoated freesheet market.

We improved our financial position by