Sylvamo Corporation, a leading paper company, announced its second-quarter 2025 financial results, showing net income of $15 million, or $0.37 per diluted share. This marks a decrease from the first quarter's net income of $27 million, or $0.65 per diluted share. The company's adjusted operating earnings were also $15 million, down from $28 million in the previous quarter. Adjusted EBITDA stood at $82 million, representing a 10% margin, compared to $90 million and an 11% margin in the first quarter. The second quarter saw a favorable price and mix impact of $12 million, driven by a better mix in North America and Latin America, although there was a $9 million decline in volume, mainly in North America. Operations and other costs were favorable by $23 million, which offset a $13 million foreign exchange impact. Planned maintenance outage expenses increased by $39 million, marking the heaviest outage quarter since the company's spinoff. Looking ahead to the third quarter, Sylvamo anticipates adjusted EBITDA to range between $145 million and $165 million. The company expects a decrease in price and mix by $15 million to $20 million due to paper and pulp prices in Europe. Volume is projected to improve by $15 million to $20 million, primarily due to seasonal factors in Latin America and North America. Operations and other costs are expected to be favorable by up to $5 million, driven by improved operational performance.