Mercer Q1 2023 net loss $30.6M vs net income $88.9M a year ago; EBITDA $27.5M

MERCER INTERNATIONAL INC.

2023-Q1 EPS reported -$0.46 revenue$522,666,000

Q1 2023 net loss of $30.6M ($0.46 per share) vs net income of $88.9M ($1.35) in Q1 2022.
Operating EBITDA fell to $27.5M from $154.5M, including $15.2M non-cash inventory impairment.
Revenue declined 12% to $522.7M; pulp segment operating income dropped to $12.8M (from $86.2M).
Solid wood segment swung to operating loss of $27.1M (vs income $38.3M) on lower lumber realizations.
Board declared a $0.075 quarterly cash dividend, payable July 6, 2023 to holders of record June 28, 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MERCER INTERNATIONAL INC. reported first quarter ended March 31, 2023 results: revenue $522,666, net income $(30,578), EPS $(0.46) per share.

Period: first quarter ended March 31, 2023
Revenue: $522,666
Net income: $(30,578)
EPS: $(0.46) per share
Result: reported results

Exact text from the filing

Revenues $ 522,666 $ 583,056 $ 592,741 Operating income (loss) $ (20,121 ) $ 47,263 $ 122,351 Operating EBITDA $ 27,470 $ 96,128 $ 154,467 Net income (loss) $ (30,578 ) $ 20,024 $ 88,897 Net income (loss) per common share Basic $ (0.46 ) $ 0.30 $ 1.35 Diluted $ (0.46 ) $ 0.30 $ 1.34

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Source: SEC EDGAR

accession 0000950170-23-017941

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