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

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Earnings data Q2 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.

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Mercer International Inc. (NASDAQ:MERC ) Q2 2023 Earnings Call Transcript August 4, 2023 10:00 AM ET Company Participants Richard Short - Chief Financial Officer Juan Carlos Bueno - President and CEO Conference Call Participants Sean Stewart - TD Securities Matthew McKellar - RBC Cole Hathorn - Jefferies CJ Baldoni - Principal Operator Good morning and welcome to Mercer International's Second 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) Q2 2023 Earnings Call Transcript

Selected Highlights Continued to grow our mass timber business with the acquisition of substantially all of the U.S. and Canadian mass timber assets of the Structurlam group of companies and ramping up operations and its order book Second quarter negative Operating EBITDA* of $68.7 million and net loss of $98.3 million after giving effect to a non-cash inventory impairment of $51.4 million or $0.77 per share Quarterly cash dividend of $0.075 per share NEW YORK, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today reported second quarter 2023 Operating EBITDA decreased to negative $68.7 million from positive $145.1 million in the second quarter of 2022 and positive $27.5 million in the first quarter of 2023. In the second quarter of 2023, net loss was $98.3 million (or $1.48 per share) compared to net income of $71.4 million (or $1.08 per basic share and $1.07 per diluted share) in the second quarter of 2022 and a net loss of $30.6 million (or $0.46 per share) in the first quarter of 2023.

Mercer International Inc. Reports Second Quarter and First Half 2023 Results and Announces Quarterly Cash Dividend of $0.075

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NEW YORK, July 21, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer" or the “Company”) (Nasdaq: MERC) today announced the temporary curtailment of operations at its Celgar pulp mill located in Castlegar, BC, including wood acceptance. The curtailment is currently scheduled to become effective July 29, 2023, until August 28, 2023.

Mercer International Announces Temporary Curtailment of Its Celgar Pulp Mill

NEW YORK, July 06, 2023 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its second quarter results for the period ending June 30, 2023, on Thursday, August 3, 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, August 4, 2023, at 10:00 am ET to discuss the results.

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

Mercer International is expected to yield around 4% annually and has the potential for growth and compounding returns in the long run, despite the volatility of these industries. The company has maintained a stable business environment despite fluctuating prices of wood pulp and paper and has seen a post-pandemic surge in demand due to increased construction in its dominant markets. Despite risks such as a high debt load and industry volatility, MERC is believed to be in a healthy financial position.

Mercer International: Might Just Be Enough For A Dividend Investment

Mercer International (MERC) completes the Structurlam acquisition to boost its production capacity for cross-laminated timber and glued laminated timber.

Mercer (MERC) Boosts Production Capacity With Structurlam Buy

NEW YORK, June 15, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer" or the "Company") (Nasdaq: MERC) today announced that it has completed the previously-announced acquisition of substantially all of the assets of Structurlam Mass Timber Corporation and its subsidiaries.

Mercer International Inc. Announces the Completion of the Acquisition of Structurlam Mass Timber Assets

Mercer International (MERC) gets bankruptcy court approval to acquire Structurlam Mass Timber. The acquisition is set to boost its product offering.

Mercer (MERC) Receives Court Approval to Acquire Structurlam

Selected Highlights: Mercer to acquire substantially all of Structurlam's assets, including its state-of-the-art mass timber facility in Conway, Arkansas, cementing Mercer's position as a leading mass timber provider in North America. The proposed acquisition will materially increase Mercer's cross-laminated timber capacity to approx.

Mercer International Inc. Receives Court Sales Order Approval to Acquire Structurlam Mass Timber Assets

NEW YORK, May 30, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (“Mercer” or the “Company”) (Nasdaq: MERC) -- a global forest and bioproducts company, today announced the release of its annual sustainability report. The Mercer “Fit for Future” 2022 Sustainability Report (the “Report”) highlights the Company's progress and builds upon the insights gained from its 2021 inaugural report.

Mercer International Inc. Releases 2022 Sustainability Report

Mercer International Inc. (NASDAQ:MERC ) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants David Ure - SVP, Finance and CFO Juan Carlos Bueno - President and CEO Conference Call Participants Sean Stewart - TD Securities Paul Quinn - RBC Capital Markets Hamir Patel - CIBC Capital Markets Richard Stevens - Momenta Operator Good morning and welcome to Mercer International's First Quarter 2023 Earnings Conference Call. On the call today is Juan Carlos Bueno, President and Chief Executive Officer of Mercer International with David Ure, Senior Vice President, Finance, Chief Financial Officer and Secretary.

Mercer International Inc. (MERC) Q1 2023 Earnings Call Transcript

Selected Highlights First quarter Operating EBITDA* of $27.5 million and net loss of $30.6 million Mass Timber business continues to grow its cross-laminated timber order book Quarterly cash dividend of $0.075 per share NEW YORK, May 04, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today reported first quarter 2023 Operating EBITDA of $27.5 million, net of a $15.2 million non-cash inventory impairment charge, a decrease from $154.5 million in the first quarter of 2022 and $96.1 million in the fourth quarter of 2022. In the first quarter of 2023, net loss was $30.6 million (or $0.46 per share) compared to net income of $88.9 million (or $1.35 per basic share and $1.34 per diluted share) in the first quarter of 2022 and net income of $20.0 million (or $0.30 per share) in the fourth quarter of 2022.

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

NEW YORK , April 24, 2023 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Mercer International Inc. (NASDAQ: MERC). If you are a shareholder of Mercer International Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at: https://pjlfirm.com/mercer-international-inc/ You may also contact Robert H.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Is Investigating Mercer International Inc. for Potential Breaches of Fiduciary Duty By Its Board of Directors

NEW YORK, April 06, 2023 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its first quarter results for the period ending March 31, 2023, on Thursday, May 4, 2023, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and David K. Ure, Senior Vice President Finance, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, May 5, 2023, at 10:00 am ET to discuss the results. The call can be accessed by dialing one of the following:

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

The company's revenues are slowing down as a result of weakening markets and high leverage. High cash and equivalents and inventories provide a safety cushion amidst current headwinds and a potential recession.

Mercer International: Current Pessimism Represents A Good Long-Term Opportunity

NEW YORK, March 01, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) today reported that it has signed its first major mass timber project contract with a large consumer products retailer. The project, which is comprised of cross-laminated timber panels, glue-laminated beams and connector elements, is expected to utilize four months of capacity at Mercer's Spokane facility on a one-shift basis over the course of 2023.

Mercer International Inc. Signs Major Mass Timber Construction Project

NEW YORK, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer" or the "Company") (Nasdaq: MERC) today announced that David Ure, who has served as CFO and Secretary since 2015, will be leaving the Company effective June 1, 2023.

Mercer International Inc. Announces Resignation of Its CFO, David Ure, and Promotion of Richard Short to CFO

Mercer International (MERC) witnesses a 73% slump in fourth-quarter 2022 earnings on inflated costs and higher maintenance downtime.

Mercer International (MERC) Q4 Earnings Lag Estimates, Dip Y/Y

Mercer International Inc. (NASDAQ:MERC ) Q4 2022 Earnings Conference Call February 17, 2023 10:00 AM ET Company Representatives Juan Carlos Bueno - President, Chief Executive Officer David Ure - Senior Vice President, Finance, Chief Financial Officer and Secretary Conference Call Participants Kasia Kopytek - TD Securities Paul Quinn - RBC Capital Markets Andrew Kuske - Credit Suisse Operator Good morning and welcome to Mercer International's, Fourth Quarter 2022 Earnings Conference Call. On the call today is Juan Carlos Bueno, President and Chief Executive Officer of Mercer International with David Ure, Senior Vice President, Finance, Chief Financial Officer and Secretary.

Mercer International Inc. (MERC) Q4 2022 Earnings Call Transcript

Mercer International Inc. Reports Fourth Quarter and Year End 2022 Results and Announces Quarterly Cash Dividend of $0.075

NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) announces that the operator of the Cariboo Pulp and Paper mill, in which Mercer has a joint venture interest, has announced a planned curtailment of operation beginning in mid-April for a month and then for another month in the third quarter.

Mercer International Inc. Announces Cariboo Mill Downtime for Eight Weeks

NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its fourth quarter results for the period ending December 31, 2022 on Thursday, February 16, 2023, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and David K. Ure, Senior Vice President Finance, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, February 17, 2023, at 10:00 am ET to discuss the results. The call can be accessed by dialing one of the following:

Mercer International Inc. Announces Conference Call for Fourth Quarter 2022 Results

NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) reports that, due to a lack of appropriate fiber availability, its Celgar mill in British Columbia, Canada, is planning to take approximately three weeks of downtime. This curtailment is expected to commence in March 2023.

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