Mercer Q3 net loss $26.0M ($0.39/sh); Operating EBITDA $37.5M

MERCER INTERNATIONAL INC.

2023-Q3 EPS reported -$2.33 revenue$1,523,350,000

Revenue $470.8M, down 12% YoY; net loss $26.0M vs income $66.7M in Q3 2022.
Operating EBITDA $37.5M, sharply improved from -$68.7M in Q2 2023 but down from $140.9M YoY.
Pulp segment operating income $21.2M vs $110.0M YoY; NBSK realizations -27% to $666/ADMT.
Solid wood operating loss $19.7M vs income $2.9M; mass timber ramping with $20.9M revenue.
Quarterly dividend $0.075/sh payable Dec 28; issued $200M 2028 notes, expanded German RCF by €70M.

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 0.95

MERCER INTERNATIONAL INC. reported third quarter ended September 30, 2023 results: revenue $470.8 million, net income $(25,956) thousand (or $0.39 per share), EPS $(0.39) per share.

Period: third quarter ended September 30, 2023
Revenue: $470.8 million
Net income: $(25,956) thousand (or $0.39 per share)
EPS: $(0.39) per share
Result: reported results

Exact text from the filing

– Three Months Ended September 30, 2023 Compared to Three Months Ended September 30, 2022 Total revenues in the third quarter of 2023 decreased by approximately 12% to $470.8 million from $532.8 million in the same quarter of 2022 primarily due to lower pulp, energy and lumber sales realizations partially offset by higher sales volumes, the inclusion of

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Source: SEC EDGAR

accession 0000950170-23-058287

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