Mercer International Q4 2023 net loss $87.2M; revenue down 19%; declares $0.075 dividend

MERCER INTERNATIONAL INC.

2023-FY EPS reported -$3.65 revenue$1,993,844,000

Q4 net loss of $87.2M ($1.31/share) vs net income of $20.0M in Q4'22; includes $33.7M non-cash impairment for sandalwood business held for sale.
Operating EBITDA fell to $21.1M from $96.1M YoY; revenue decreased 19% to $470.5M on lower pulp and energy realizations.
Full-year 2023 net loss $242.1M ($3.65/share) vs net income $247.0M in 2022; Operating EBITDA $17.5M vs $536.5M.
Board declared quarterly dividend of $0.075/share, payable April 4, 2024 to holders of record March 27, 2024.
Pulp pricing improved in Q4; mass timber order book ~$100M; liquidity $610M as of Dec 31, 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 full year 2023 results: net income net loss of $242.1 million, EPS $3.65 per share.

Period: full year 2023
Net income: net loss of $242.1 million
EPS: $3.65 per share
Result: reported results

Exact text from the filing

Full year 2023 Operating EBITDA of $17.5 million and net loss of $242.1 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MERCER INTERNATIONAL INC. reported fourth quarter ended December 31, 2023 results: revenue $470,494, net income net loss of $87.2 million, EPS $1.31 per share.

Period: fourth quarter ended December 31, 2023
Revenue: $470,494
Net income: net loss of $87.2 million
EPS: $1.31 per share
Result: reported results

Exact text from the filing

prices to be stable in the first half of 2024. Consolidated Financial Results Q4 Q3 Q4 YTD YTD 2023 2023 2022 2023 2022 (1) (in thousands, except per share amounts) Revenues $ 470,494 $ 470,821 $ 583,056 $ 1,993,844 $ 2,280,937 Operating income (loss) $ (56,395 ) $ (3,426 ) $ 47,263 $ (188,774 ) $ 392,368 Operating EBITDA $ 21,145 $ 37,527 $ 96,128 $ 17,462 $

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Source: SEC EDGAR

accession 0000950170-24-015939

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