Sylvamo (NYSE:SLVM) reported first-quarter 2026 results that management described as largely in line with expectations, excluding operational reliability issues in Europe and Brazil that weighed on earnings and are expected to create some additional costs in the second quarter.
Chief Executive Officer John Sims said the quarter was shaped by several macro developments, including changes to U.S. tariff policy and higher costs tied to conflict in the Middle East. He said the U.S. Supreme Court’s invalidation of IEEPA tariffs, followed by the U.S. government’s move to place 10% tariffs on all trading partners, was favorable for Sylvamo because Brazil had previously faced a 50% tariff while Europe had been at 15%.
