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Jun 30, 2022
Mercer Q2 2022 Earnings Report
Mercer International Inc. reported increased Operating EBITDA and net income driven by higher pulp and lumber pricing, and strong energy pricing.
Key Takeaways
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.
Second quarter net income of $71.4 million and Operating EBITDA of $145.1 million.
Operating EBITDA increased to a $145.1 million from $83.8 million in the second quarter of 2021.
Net income was $71.4 million compared to $21.4 million in the second quarter of 2021.
Record quarterly wood products operating income and energy revenues.
Revenue by Segment
Forward Guidance
As we move into the third quarter, we expect stable pulp prices as a result of low customer inventory levels and supply constraints. We expect lumber prices in the United States to be generally stable and prices in Europe to decline from the second quarter but remain at historically attractive levels in both markets. Further, we expect continued strong energy demand and prices in Germany in the third quarter of 2022. Currently our 2022 capital expenditures are on track to total approximately $175 million to $200 million.
Positive Outlook
- Stable pulp prices are expected due to low customer inventory levels and supply constraints.
- Lumber prices in the United States are expected to be generally stable.
- Lumber prices in Europe are expected to decline from the second quarter but remain at historically attractive levels.
- Continued strong energy demand and prices are expected in Germany in the third quarter of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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