How are energy investors positioned?
Stan Askren has notified Sylvamo Corp (NYSE:SLVM) of his intention to resign from the company’s board of directors for health reasons, effective September 1, 2025. According to a press release statement filed with the Securities and Exchange Commission, the company said Askren’s resignation is not related to any disagreement with Sylvamo.
Askren has served as a board member since the company’s spinoff in 2021. The board expressed appreciation for his service and contributions during his tenure.
No additional details regarding succession plans or board replacement were provided in the filing. The information is based on a press release statement included in the SEC filing.
In other recent news, Sylvamo Corporation reported its second-quarter 2025 earnings, which fell short of expectations. The company’s adjusted earnings per share (EPS) were $0.37, missing the anticipated $0.48, while revenue reached $794 million, below the forecast of $831.74 million. This earnings miss has led to significant attention from analysts. RBC Capital responded by lowering its price target for Sylvamo to $49, citing weaker-than-expected guidance for third-quarter Adjusted EBITDA, which is projected to be between $145-165 million, below the consensus estimate of $191.2 million. Meanwhile, BofA Securities adjusted its price target to $44, pointing to challenges within the paper and pulp sector and broader economic headwinds. BofA noted a decline in North American volumes, excluding the impact from the Georgetown mill closure, partly due to increased imports ahead of trade restrictions. These developments highlight the current challenges Sylvamo is facing in the market.
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