Mercer International Inc. reported a first quarter 2025 operating EBITDA of $47.1 million, a decrease from $63.6 million in the same quarter of 2024. The company's net loss for the quarter was $22.3 million, compared to a net loss of $16.7 million in Q1 2024. Revenues decreased by approximately 8% to $507.0 million. The results were impacted by annual planned maintenance downtime at the Celgar mill and the weaker dollar against the euro.
Mercer International Inc. reported a strong fourth quarter in 2024, with Operating EBITDA increasing to $99.2 million from $50.5 million in the prior quarter. Net income also improved significantly to $16.7 million, compared to a net loss in the previous quarter and the same period last year. The company also refinanced its 2026 Senior Notes, extending maturity to 2028 and reducing long-term debt by over $100 million.
Mercer International Inc. reported an increase in third quarter Operating EBITDA to $50.5 million, up from $37.5 million in the same quarter of 2023. The net loss was $17.6 million ($0.26 per share), compared to a net loss of $26.0 million ($0.39 per share) in the third quarter of 2023.
Mercer International Inc. reported second quarter Operating EBITDA of $30.4 million, an increase from negative Operating EBITDA of $68.7 million in the same quarter of 2023. Net loss was $67.6 million ($1.01 per share), which included a non-cash impairment of $34.3 million.
Mercer International Inc. reported a net loss of $16.7 million for Q1 2024, with an Operating EBITDA of $63.6 million. The results were positively impacted by improved pulp and lumber pricing, lower fiber and production costs, and no planned maintenance downtime.
Mercer International Inc. reported a net loss of $87.2 million for Q4 2023, influenced by a $33.7 million non-cash impairment related to the sandalwood business. Despite improved pulp pricing, the results were lower than the previous quarter due to planned maintenance and the absence of positive impacts from non-cash items and previous inventory sales.
Mercer International Inc. reported a net loss of $26.0 million for the third quarter of 2023, an improvement from the previous quarter but lower than the same quarter of the previous year. The company's Operating EBITDA was $37.5 million, also an improvement from the previous quarter but lower than the previous year. The company saw strong growth in its mass timber business and enhanced its liquidity through a senior note issue and expansion of its credit facility.
Mercer International Inc. reported a decrease in revenues and a net loss for the second quarter of 2023, primarily due to lower pulp and lumber sales realizations, a non-cash inventory impairment, and higher per unit fiber costs. The company is focused on growing its solid wood and bio-product revenues and managing liquidity.
Mercer International Inc. reported a decrease in revenue and a net loss for Q1 2023, impacted by lower pulp sales volumes, lower lumber and energy sales realizations, and higher fiber and chemical costs. The company's Operating EBITDA decreased significantly compared to the same quarter in the previous year, while the Mass Timber business continued to grow its cross-laminated timber order book.
Mercer International Inc. reported fourth-quarter net income of $20.0 million and Operating EBITDA of $96.1 million. The results reflect strong pulp sales offset by lower sales prices, higher costs, and the impact of the German energy windfall tax.
Mercer International Inc. reported third quarter 2022 results with a net income of $66.7 million and Operating EBITDA of $140.9 million. The company's performance was driven by strong energy and pulp prices, favorable foreign exchange movements, and lower planned major maintenance. The acquisition of HIT Torgau mill expanded the company's lumber capacity and diversified its product offering.
Mercer International Inc. reported second quarter 2022 results with increased Operating EBITDA to $145.1 million from $83.8 million in the second quarter of 2021. Net income was $71.4 million (or $1.08 per basic share and $1.07 per diluted share) compared to $21.4 million (or $0.32 per share) in the second quarter of 2021.
Mercer International Inc. reported a strong first quarter in 2022, with record quarterly revenues in pulp, lumber, and energy. Operating EBITDA increased to $154.5 million, and net income reached $88.9 million ($1.35 per basic share). The results were driven by strong sales volumes, increased pricing in pulp, lumber, and energy, and sales of surplus energy.
Mercer International Inc. reported a strong fourth quarter with record Operating EBITDA of $164.9 million and net income of $74.5 million. The results were driven by strong sales volumes, steady pulp and lumber pricing, and higher energy prices.
Mercer International Inc. reported a strong third quarter with record Operating EBITDA of $148.1 million and net income of $69.1 million, driven by higher pulp and lumber sales realizations. The company also started up its recently acquired cross-laminated timber facility in Spokane, Washington.
Mercer International Inc. reported second quarter 2021 Operating EBITDA increased to $83.8 million from $40.5 million in the second quarter of 2020. Net income was $21.4 million (or $0.32 per share) compared to a net loss of $8.4 million (or $0.13 per share) in the second quarter of 2020.
Mercer International Inc. reported a strong first quarter in 2021, with Operating EBITDA increasing to $82.0 million and net income reaching $5.9 million. The company benefited from improved pulp pricing and robust lumber demand, particularly in the U.S. market. The Friesau sawmill's strong performance and effective COVID-19 protection measures contributed to the positive results.
Mercer International Inc. reported a 20% increase in revenue to $398.2 million compared to Q4 2019, driven by higher pulp and energy sales volumes and higher lumber sales realizations. However, the company experienced a net loss of $13.0 million, or $0.20 per share, compared to a net loss of $72.7 million, or $1.11 per share in Q4 2019. Operating EBITDA increased to $49.5 million from negative $34.2 million in the same quarter of 2019.
Mercer International Inc. reported a decrease in operating EBITDA to negative $34.2 million, compared to $118.1 million in Q4 2018. The net loss for the quarter was $72.7 million, or $1.11 per share, compared to a net income of $45.0 million, or $0.69 per share, in the same quarter of the previous year. The results were impacted by significant annual maintenance activities in the pulp segment and weakness in the pulp markets.