Sylvamo Corporation (NYSE: SLVM) filed its Form 10-Q for the quarterly period ended June 30, 2026, on August 7, 2026, reporting a net loss for both the second quarter and the first half of the year.

Key Highlights

  • Q2 net loss: Sylvamo reported a net loss of $11 million for the three months ended June 30, 2026, compared to net income of $15 million in the same period of 2025.
  • Six-month net loss: For the six months ended June 30, 2026, the company reported a net loss of $14 million, versus net income of $42 million in the first half of 2025.
  • Q2 net sales: Net sales were $806 million for the second quarter of 2026, compared to $794 million in Q2 2025.
  • Six-month net sales: Net sales for the first six months of 2026 were $1,561 million, down from $1,615 million in the prior-year period.
  • Loss per share: Basic and diluted loss per share for Q2 2026 were both $(0.28), compared to earnings of $0.37 per share in Q2 2025.
  • Operating cash flow: Cash provided by operating activities totaled $28 million for the six months ended June 30, 2026, compared to $87 million in the same period of 2025.
  • Shares outstanding: As of July 31, 2026, 39,760,243 shares of common stock were outstanding.

Sylvamo's Financial Results for the First Half of 2026

According to the filing, Sylvamo recorded net sales of $806 million in the second quarter of 2026, a modest increase from $794 million in Q2 2025. However, cost of products sold rose to $674 million from $640 million in the prior-year quarter, contributing to a shift from income before income taxes of $20 million in Q2 2025 to income before income taxes of $1 million in Q2 2026. After an income tax provision of $12 million in Q2 2026, the company reported a net loss of $11 million, compared to net income of $15 million in Q2 2025.

For the six-month period, the company disclosed net sales of $1,561 million versus $1,615 million in the first half of 2025. Cost of products sold for the six months was $1,304 million, roughly flat with $1,302 million in the prior-year period, while selling and administrative expenses declined slightly to $142 million from $145 million. Income (loss) before income taxes was a loss of $5 million for the six months ended June 30, 2026, compared to income of $53 million a year earlier. The company reported a net loss of $14 million for the half, compared to net income of $42 million in H1 2025.

The condensed consolidated balance sheet as of June 30, 2026, showed total assets of $2,875 million, up from $2,763 million at December 31, 2025. Long-term debt increased to $843 million from $763 million over the same period. Cash and temporary investments stood at $123 million at June 30, 2026, down from $135 million at year-end 2025. The filing noted that the company invested $110 million in capital projects during the first half of 2026 and paid $36 million in dividends. The filing also stated that "results for the first six months of the year may not necessarily be indicative of full year results due to factors such as the Company's planned maintenance outage schedule at its mills."

What Was Disclosed

Sylvamo's 10-Q for Q2 2026 disclosed a net loss of $11 million for the quarter and $14 million for the first half, with net sales of $806 million and $1,561 million respectively, alongside increased long-term debt and reduced operating cash flow compared to the prior-year period.