Financial Performance - Sylvamo's Adjusted EBITDA for Q1 2025 was $90 million, down from $157 million in Q4 2024 and $118 million in Q1 2024[20] - Adjusted Operating Earnings per Share for Q1 2025 was $068, compared to $196 in Q4 2024 and $107 in Q1 2024[20] - Free Cash Flow for Q1 2025 was negative $25 million, a decrease from $100 million in Q4 2024 and an increase from negative $33 million in Q1 2024[20] - Net debt stood at approximately $650 million as of March 31, 2025, resulting in a net debt-to-Adjusted EBITDA ratio of 11x[33] Operational Highlights - The company successfully executed a heavy planned maintenance outage quarter, with 82% of planned maintenance outage costs to be completed in the first half of 2025, totaling $110 million for the year[19, 25, 69] - Industry demand in Europe (excluding CIS countries) decreased by 7%, while Latin America saw an increase of 3% and North America experienced a decrease of 1% in Q1 2025 compared to Q1 2024[28] Strategic Initiatives and Outlook - Sylvamo is implementing previously communicated UFS price increases in Brazil and North America[19] - The company is focused on reducing costs, repositioning its product mix, and improving efficiency in its European operations, particularly at the Nymolla mill[29] - Sylvamo anticipates total maintenance outage costs of $110 million for 2025[47] Leadership Transition - John Sims was elected Chief Operating Officer (COO) effective May 1, 2025, and will assume the role of Chief Executive Officer (CEO) on January 1, 2026, following Jean-Michel Ribiéras's retirement[15] - Don Devlin was named Senior Vice President and CFO, effective May 1, 2025[12]