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Sylvamo working with postal coalitions to advocate for postal rate reform with members of Congress and US Postal Service to stabilize mailing industry, retain mail volume, generate jobs; Sylvamo manufactures more than one-third of paper sent through USPS

RBC Capital maintains Sylvamo's sector perform rating and raises target by US$1 to US$45, as company announces cost reduction plan and excels in Q3 results; however, Europe is setting up for weak Q4, and visibility is limited in paper markets

SYLVAMO CORP - 10-Q - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Sylvamo to cut 150 positions, or nearly 7% of global salaried workforce, as it targets run rate savings of US$110M by end of 2024; about two-thirds of target to come from operational improvements in mills, supply chains and remainder from SG&A reductions

Sylvamo reports Q3 net income of US$58M, up 2% from US$57M in year-ago period, as net sales drop 7% year-over-year to US$897M; price and mix decreased from Q2 due to lower paper prices in Europe and exports from Latin America, lower global pulp prices

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