Sylvamo Corp Earnings Per Share Disclosure
| In millions, except per share amounts | 2025 | 2024 | 2023 | |||||||||||||||||
| Net income | $ | 132 | $ | 302 | $ | 253 | ||||||||||||||
| Weighted average common shares outstanding | 40.1 | 41.1 | 42.0 | |||||||||||||||||
| Effect of dilutive securities | 0.6 | 0.9 | 0.7 | |||||||||||||||||
| Weighted average common shares outstanding - assuming dilution | 40.7 | 42.0 | 42.7 | |||||||||||||||||
| Earnings per share - basic | $ | 3.29 | $ | 7.35 | $ | 6.02 | ||||||||||||||
| Earnings per share - diluted | $ | 3.24 | $ | 7.18 | $ | 5.93 | ||||||||||||||
Anti-dilutive shares (a) | 0.3 | 0.2 | 0.3 | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Mar 2, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.