{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-048856","form_type":"8-K","ticker":"MERC","cik":"0001333274","company_name":"MERCER INTERNATIONAL INC.","filed_at":"2026-02-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.871137+00:00","generated_at":"2026-05-16T02:56:57.552823+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Mercer Q4 EBITDA -$20.1M; $238.7M impairment on Peace River mill; full-year net loss $497.9M","bullets":["Q4 Operating EBITDA -$20.1M vs +$99.2M in Q4 2024; net loss $308.7M ($4.61/sh) vs income $16.7M.","Full-year 2025 Operating EBITDA -$22.0M vs +$243.7M in 2024; net loss $497.9M ($7.44/sh).","Non-cash impairments of $238.7M in Q4, including $203.5M on Peace River mill long-lived assets.","\"One Goal One Hundred\" achieved ~$30M in cost savings in 2025; target $100M by end of 2026.","Mass timber order book $163M; liquidity $430.4M at Dec 31, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-048856","json":"https://secwatch.observer/filing/0001193125-26-048856.json","markdown":"https://secwatch.observer/filing/0001193125-26-048856.md","text":"https://secwatch.observer/filing/0001193125-26-048856.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1333274/000119312526048856/0001193125-26-048856-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1333274/000119312526048856/merc-20260212.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:56:57.552823+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}