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.
Record quarterly wood products segment results
Operating EBITDA increased to $83.8 million
Net income was $21.4 million (or $0.32 per share)
Completed Capital Program to Increase Stendal Mill production by 80,000 ADMTs per year
Looking ahead to the third quarter, we expect strong pulp market fundamentals to support marginally higher NBSK pulp prices in Europe but we expect a modest price decline in China. As well, we expect lumber demand and pricing to remain steady in all markets. Although there was a recent significant price correction in the U.S. lumber market, prices remain at historically attractive levels. Further, we believe U.S. lumber prices are near a floor level and expect them to slowly increase once home construction ramps up in the early fall.
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