Sylvamo Corporation (SLVM) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for standing by. Welcome to Sylvamo's third quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. To ask a question, simply press star one on your telephone keypad. To withdraw your question, press star one again. As a reminder, your conference is being recorded. I'd now like to turn the call over to Hans Bjorkman, Vice President, Investor Relations. Sir, the floor is yours. Thanks, Tina. Good morning, and thank you for joining our third quarter 2025 earnings call. Our speakers this morning are Jean-Michel Ribieras, Chairman and Chief Executive Officer, John Simms, Senior Vice President and Chief Operating Officer, and Don Devlin, Senior Vice President and Chief Financial Officer. Slides two and three 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. Thanks, Hans. Good morning, and thank you for joining our call. I'll start on slide four with our third quarter highlights. Our uncoated free ship sales volume increased quarter over quarter by 7%. Our teams also executed well, resulting in improved operational performance. We returned $60 million in cash to share owners by distributing $18 million via the third quarter dividend and repurchasing $42 million in shares. Our board also approved a new 150...