Mercer International

Mercer International, Inc. engages in the manufacture and sale of pulp. It operates through Pulp and Wood Products segments. The Pulp segment consists of the manufacture, sales, and distribution of NBSK pulp, electricity, and other by-products at three pulp mills. The Wood Products segment is involved in the manufacture, sale, and distribution of lumber, electricity and other wood residuals at the Friesau Facility. The company was founded on July 1, 1968 and is headquartered in Vancouver, Canada.

Earnings data Q1 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Mercer International achieves record EBITDA in 2022 despite Q4 challenges

Mercer International's Q4 performance was impacted by lower EBITDA, but the company achieved a record EBITDA for 2022 driven by strong pricing and improved sales volumes. Despite challenges in lumber realizations, the company is investing in growth opportunities and focusing on diversification for long-term success.

Mercer International reports Q1 EBITDA of $28M, faces pricing challenges

Mercer International faced challenges in pricing and external factors affecting results.
Despite lower pulp prices, the company achieved record lumber production and sales.
The company is confident in its ability to navigate market challenges effectively.
Progress in developing the mass timber business and commitment to carbon emission reduction.

Mercer International faces pulp price challenges but sees growth opportunities

Mercer International navigated a challenging Q2 marked by negative EBITDA and a net loss, but demonstrated resilience through cost-saving measures and revenue growth.
The company faces ongoing challenges from weak pulp prices and market conditions, requiring a focus on cost reduction and asset optimization.
Despite challenges, Mercer International remains optimistic about future growth prospects, leveraging opportunities in low-carbon products and green initiatives.
Strong financial performance, increased sales volumes, and strategic initiatives position the company well for long-term value creation and profitability.

Mercer International improves Q3 performance, strengthens liquidity for growth

Mercer International showed significant improvement in Q3 2023 with enhanced EBITDA, lower net loss, and strengthened liquidity through financial maneuvers.
Operational efficiencies in managing fiber costs and a focus on shareholder rewards highlight Mercer's commitment to financial stability and growth.
While challenges persist in achieving profitability and managing costs, Mercer's strategic moves position it well for future opportunities and potential growth.

Mercer International navigates market challenges with strategic resilience and growth

Mercer International faced challenges in Q4 with a decrease in EBITDA, a net loss, and a noncash impairment, but maintained a strong liquidity position.
Despite market fluctuations, the company's strategic decisions, dividend approval, and growth opportunities signal resilience and long-term potential.
Balancing operational improvements, market dynamics, and capital investments will be crucial for Mercer's financial performance and shareholder value.

Mercer International reports robust Q1 performance amidst strategic initiatives

Mercer International delivered a strong Q1 performance with a significant EBITDA increase driven by improved pulp sales and cost efficiencies.
While facing challenges such as a noncash loss from dissolving a joint venture, Mercer maintains a solid liquidity position and strategic growth initiatives.
Opportunities lie in restarting key projects, leveraging liquidity for growth, and capitalizing on improving lumber pricing and production volumes.

Mercer International reports Q2 challenges but sees growth in pulp

Mercer International faced challenges with weak lumber pricing and planned maintenance downtime in Q2.
However, strong demand for pulp and improvements in pulp markets were key strengths.
The company's mass timber business showed promise, being EBITDA positive and set for growth.
Overall, Mercer International aims to capitalize on opportunities in the pulp and mass timber segments.

Mercer International reports mixed Q3 results, focuses on debt reduction

Mercer International's Q3 performance showcased a focus on debt reduction, operational challenges in the Solid Wood segment, and opportunities for growth in softwood markets. The company aims to strengthen its financial position through prudent cash management and cost-saving initiatives.

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Mercer International, Inc. engages in the manufacture and sale of pulp. It operates through the Pulp and Wood Products segments. The Pulp segment consists of the manufacture, sale, and distribution of NBSK pulp, electricity, and other by-products at three pulp mills. The Wood Products segment is involved in the manufacture, sale, and distribution of lumber, electricity and other wood residuals at the Friesau Facility. The company was founded on July 1, 1968 and is headquartered in Vancouver, Canada.

ATLANTA, June 05, 2024 (GLOBE NEWSWIRE) -- The Sustainable Forestry Initiative (SFI) is delighted to announce Mercer International as the recipient of the 2024 SFI President's Award. Mercer is spearheading the advancement of wood technology to redefine the North American construction landscape and is being recognized for its leadership and commitment to educating customers on the value of sustainably managed forests and promoting SFI certification in the supply chain.

Mercer International Receives SFI President's Award for Promoting Mass Timber and SFI Certification in the Supply Chain

NEW YORK, May 27, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (“Mercer” or the “Company”) (Nasdaq: MERC) -- a global forest products company, today released its 2023 Sustainability Report. The report, titled "Fit for Future: Transition and Transformation" sets out Mercer's progress toward its 2030 environmental goals and other sustainability commitments, practices and accomplishments for 2023.

Mercer International Inc. Releases 2023 Sustainability Report

Mercer International Inc. has seen encouraging trends in its earnings, with better-than-expected results since the third quarter of fiscal 2023. The company's long-term MACD chart shows a bullish crossover, indicating positive fundamentals and potential for growth. Mercer's pulp segment has contributed to the improvement in earnings, driven by rising pulp prices in European and North American markets.

Mercer International: Rising Pulp Prices Could Help Price The Stock Higher (Technical Analysis)

Mercer International (MERC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Mercer International (MERC) Is Still a Bargain Stock

Mercer International Inc. (NASDAQ:MERC ) Q1 2024 Earnings Conference Call May 10, 2024 10:00 AM ET Company Participants Richard Short - Chief Financial Officer & Secretary Juan Carlos Bueno - President & Chief Executive Officer Conference Call Participants Hamir Patel - CIBC Sean Steuart - TD Cowen Harman Dhatt - RBC Capital Markets Operator Good morning, and welcome to Mercer International's First Quarter 2024 Earnings Conference Call. On the call today is Juan Carlos Bueno, Mercer's President and Chief Executive Officer, and Richard Short, Mercer's Chief Financial Officer and Secretary.

Mercer International Inc. (MERC) Q1 2024 Earnings Call Transcript

Selected Highlights First quarter Operating EBITDA* of $63.6 million and net loss of $16.7 million Improving pulp markets and lower costs driving stronger EBITDA Quarterly cash dividend of $0.075 per share NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today reported first quarter 2024 Operating EBITDA of $63.6 million, an increase from $27.5 million in the same quarter of 2023 and $21.1 million in the fourth quarter of 2023. In the first quarter of 2024, net loss was $16.7 million (or $0.25 per share), which included a non-cash loss on disposal of $23.6 million (or $0.35 per share) relating to the dissolution of the Cariboo Pulp and Paper ("CPP") joint venture, compared to a net loss of $30.6 million (or $0.46 per share) in the first quarter of 2023 and a net loss of $87.2 million (or $1.31 per share) in the fourth quarter of 2023, which included a non-cash impairment charge of $33.7 million (or $0.51 per share) relating to the classification of our sandalwood business as held for sale.

Mercer International Inc. Reports First Quarter 2024 Results and Announces Quarterly Cash Dividend Of $0.075

Mercer International (MERC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Mercer International (MERC) Is Attractively Priced Despite Fast-paced Momentum

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its first quarter results for the period ending March 31, 2024 on Thursday, May 9, 2024, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, May 10, 2024, at 10:00 am ET to discuss the results.

Mercer International Inc. Announces Conference Call for First Quarter 2024 Results

VANCOUVER, British Columbia, April 02, 2024 (GLOBE NEWSWIRE) -- West Fraser Timber Co. Ltd. ("West Fraser") (TSX and NYSE: WFG) and Mercer International Inc. ("Mercer") (NASDAQ: MERC) announced today an agreement to dissolve their 50/50 joint venture in Cariboo Pulp and Paper. West Fraser will continue as the sole owner/operator of the mill, doing business as Cariboo Pulp and Paper Company.

West Fraser and Mercer Announce Dissolution of Cariboo Pulp and Paper Joint Venture

West Fraser Timber Co. Ltd.

VANCOUVER, BC, April 2, 2024 /PRNewswire/ - West Fraser Timber Co. Ltd. ("West Fraser") (TSX and NYSE: WFG) and Mercer International Inc. ("Mercer") (NASDAQ: MERC) announced today an agreement to dissolve their 50/50 joint venture in Cariboo Pulp and Paper.

WEST FRASER AND MERCER ANNOUNCE DISSOLUTION OF CARIBOO PULP AND PAPER JOINT VENTURE

NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer" or the "Company") (Nasdaq: MERC) announced that Jimmy Lee is stepping down as Executive Chairman and director of the Company for personal health reasons. He has been appointed Chairman Emeritus. As a result, the Company has revised its governance structure to provide for an independent Chairman. William McCartney, who previously served as lead director, has been appointed Interim Chairman by the Company's board of directors.

Jimmy Lee Appointed As Chairman Emeritus Of Mercer International Inc.

Mercer International Inc. (MERC) Q4 2023 Earnings Call Transcript

Selected Highlights Fourth quarter Operating EBITDA* of $21.1 million and net loss of $87.2 million Full year 2023 Operating EBITDA of $17.5 million and net loss of $242.1 million Continued to ramp up and build out the order book of our mass timber business in 2023 Quarterly cash dividend of $0.075 per share NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today reported that Operating EBITDA in the fourth quarter of 2023 was $21.1 million compared to $96.1 million in the same quarter of 2022 and $37.5 million in the third quarter of 2023. In the fourth quarter of 2023, net loss was $87.2 million (or $1.31 per share), which included a non-cash impairment of $33.7 million (or $0.51 per share) relating to the classification of our sandalwood business as held for sale, compared to net income of $20.0 million (or $0.30 per share) in the fourth quarter of 2022 and net loss of $26.0 million (or $0.39 per share) in the third quarter of 2023.

Mercer International Inc. Reports Fourth Quarter and Year End 2023 Results and Announces Quarterly Cash Dividend of $0.075

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NEW YORK, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its fourth quarter results for the period ending December 31, 2023 on Thursday, February 15, 2024, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, February 16, 2024, at 10:00 am ET to discuss the results.

Mercer International Inc. Announces Conference Call for Fourth Quarter 2023 Results

NEW YORK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today announced that Juan Carlos Bueno, President and Chief Executive Officer, and Richard Short, Chief Financial Officer & Secretary, will be presenting at the following upcoming conference:

Mercer International Inc. to Present at Upcoming CIBC Investor Conference

NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today announced that Richard Short, Chief Financial Officer and Secretary, will be attending and hosting meetings at the following upcoming conferences:

Mercer International Inc. to Present at Upcoming Investor Conferences

Mercer International Inc. (NASDAQ:MERC ) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Richard Short - Chief Financial Officer Juan Carlos Bueno - President and Chief Executive Officer Conference Call Participants Hamir Patel - CIBC Capital Markets Matthew McKellar - RBC Capital Markets Sam McGovern - UBS Group AG Operator Good morning, and welcome to Mercer International's Third Quarter 2023 Earnings Conference Call. On the call today is Juan Carlos Bueno, Mercer's President and Chief Executive Officer; and Richard Short, Mercer's Chief Financial Officer and Secretary.

Mercer International Inc. (MERC) Q3 2023 Earnings Call Transcript

Selected Highlights Third quarter Operating EBITDA* of $37.5 million and net loss of $26.0 million Continued strong growth and integration of our mass timber business Enhanced liquidity by completing $200 million 2028 senior note issue and expanding availability under German revolving credit facility by €70 million Quarterly cash dividend of $0.075 per share NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today reported that Operating EBITDA in the third quarter was $37.5 million compared to $140.9 million in the same quarter of 2022 and improved from negative $68.7 million in the prior quarter of 2023. In the third quarter of 2023, net loss was $26.0 million (or $0.39 per share) compared to net income of $66.7 million (or $1.01 per basic share and $1.00 per diluted share) in the third quarter of 2022 and a net loss of $98.3 million (or $1.48 per share) in the second quarter of 2023.

Mercer International Inc. Reports Third Quarter and First Nine Months of 2023 Results and Announces Quarterly Cash Dividend of $0.075

NEW YORK, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its third quarter results for the period ending September 30, 2023, on Thursday, November 2, 2023, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer, and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, November 3, 2023, at 10:00 am ET to discuss the results.

Mercer International Inc. Announces Conference Call for Third Quarter 2023 Results

NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today announced that Richard Short, Chief Financial Officer and Secretary, will be presenting at the following upcoming conference:

Mercer International Inc. to Present at Upcoming 2023 TD Securities Paper and Forest Products Conference

NEW YORK, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced that it has completed its previously announced private offering of $200.0 million aggregate principal amount of 12.875% senior notes due October 1, 2028 (the "2028 Notes").

Mercer International Inc. Completes Private Offering of $200,000,000 of 2028 Senior Notes

Mercer International Inc. shares have been in a downtrend since August 2022, but have remained above June lows. Volume trends and technical indicators suggest a potential bullish trend reversal if the stock can break resistance above $9 per share. However, Mercer's profitability has been impacted by declining pulp prices, and the company needs to reduce costs and increase demand for a turnaround.

Mercer International: Low Pulp Prices Will Most Likely Keep Share Price Suppressed (Rating Downgrade)

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced the pricing of its private offering of $200.0 million in aggregate principal amount of 12.875% senior notes due October 1, 2028 (the "2028 Notes").

Mercer International Inc. Announces Pricing of Private Offering of Senior Notes

NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced that it intends to offer for sale (the "Offering") $200.0 million in aggregate principal amount of senior notes due 2028 (the "2028 Notes").

News for Mercer International Stock (MERC)