Mercer Q1 Operating EBITDA surges to $63.6M; net loss narrows; declares $0.075 dividend

MERCER INTERNATIONAL INC.

2024-Q1 EPS reported -$0.25 revenue$553,430,000

Q1 Operating EBITDA of $63.6M vs $27.5M YoY and $21.1M Q4 2023; net loss of $16.7M ($0.25 per share).
Revenue rose 6% to $553.4M; pulp sales volumes up 30% to 565,664 ADMTs.
Pulp segment operating income up 36% to $17.4M; NBSK realizations fell 14% to $732/ADMT.
Solid wood operating loss narrowed to $13.7M from $27.1M; mass timber revenue more than doubled to $16.7M.
Quarterly cash dividend of $0.075 per share declared, payable July 3, 2024, record June 26, 2024.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MERCER INTERNATIONAL INC. reported first quarter ended March 31, 2024 results: revenue $553,430, net income $16.7 million (or $0.25 per share).

Period: first quarter ended March 31, 2024
Revenue: $553,430
Net income: $16.7 million (or $0.25 per share)
Result: reported results

Exact text from the filing

stable in the second quarter of 2024 as a result of steady demand. Consolidated Financial Results Q1 Q4 Q1 2024 2023 2023 (in thousands, except per share amounts) Revenues $ 553,430 $ 470,494 $ 522,666 Operating loss $ (448 ) $ (56,395 ) $ (20,121 ) Operating EBITDA $ 63,601 $ 21,145 $ 27,470 Net loss $ (16,703 ) $ (87,216 ) $ (30,578 ) Net loss per common

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Source: SEC EDGAR

accession 0000950170-24-057120

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