Q2 Operating EBITDA negative $68.7M, net loss $98.3M on $51.4M inventory impairment

MERCER INTERNATIONAL INC.

2023-Q2 EPS reported -$1.94 revenue$1,052,529,000

Q2 revenue $529.9M (-7% YoY); net loss $98.3M ($1.48/sh) vs net income $71.4M in Q2 2022.
Pulp segment operating loss $83.5M; non-cash inventory impairment $51.4M on weak pulp pricing.
Quarterly cash dividend of $0.075/sh declared, payable Oct 4, 2023 to record Sep 27, 2023.
Mass timber revenue doubled to $16.0M; acquired Structurlam's CLT/glulam assets.
Expects ~44 days pulp downtime in Q3; per unit fiber costs expected to decrease.

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 1.0

MERCER INTERNATIONAL INC. reported financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 3, 2023, Mercer International Inc. (the “Company”) announced by press release the Company’s results for its second quarter ended June 30, 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MERCER INTERNATIONAL INC. reported financial results for first half ended June 30, 2023.

Period: first half ended June 30, 2023
Result: reported results

Exact text from the filing

In the first half of 2023, Operating EBITDA was negative $41.2 million a decrease from positive $299.5 million in the same period of 2022.

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MERCER INTERNATIONAL INC. filing history →

Source: SEC EDGAR

accession 0000950170-23-038089

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