earnings
confidence high
sentiment negative
materiality 0.75
Mercer International Q2 net loss $67.6M; pulp realizations up 15% YoY; declares $0.075 dividend
MERCER INTERNATIONAL INC.
2024-Q2 EPS reported
-$1.26
revenue$1,052,814,000
- Operating EBITDA improved to $30.4M from negative $68.7M in Q2 2023; net loss $67.6M ($1.01/share).
- Revenue $499.4M (-6% YoY); pulp NBSK realization $811/ADMT (+15% YoY) but volumes fell 19%.
- Solid wood segment operating loss $43.7M includes $34.3M non-cash goodwill impairment at Torgau.
- Quarterly cash dividend of $0.075/share declared, payable Oct 3, 2024 to holders of record Sep 25.
- Aggregate liquidity $580.6M; management expects pulp prices to soften slightly in Q3.