Suzano SA (SUZ) Jumps to New Record High on Swing to Profits

We recently published 10 Stocks Turning Heads With Double-Digit Returns. Suzano SA (NYSE:SUZ) was one of the best performers on Wednesday.

Brazil-based pulp and paper manufacturer Suzano SA soared to a new 52-week high on Wednesday, as investors cheered its swing to profitability and plans to implement a new repurchase program.

At intra-day trading, the stock jumped to its highest price of $11.22 before trimming a few cents to end the day just up by 13.50 percent at $11.18 apiece.

In an earnings call, Suzano SA (NYSE:SUZ) said that it swung to a net income of R$13.4 billion last year from a R$7.04 billion net loss in 2024. Net revenues amounted to R$50 billion, marking a 6 percent jump from the R$47.4 billion year-on-year.

In the fourth quarter alone, net income reached R$116 million, reversing a R$6.7 billion net loss in the same quarter a year earlier. Net revenues, however, declined by 8 percent to R$13.1 billion from R$14 billion year-on-year, despite pulp and paper sales jumping by 4 percent and 10 percent, respectively.

Following the results, Suzano SA (NYSE:SUZ) unveiled plans to repurchase 40 million of its shares by August 2027, marking its sixth round of buyback. This followed the successful reacquisition of R$805 million shares, covering 14.82 million shares at an average price of R$54.33 apiece.

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Disclosure: None. This article is originally published at Insider Monkey.