---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-212130"
form_type: "8-K"
ticker: "MERC"
cik: "0001333274"
company_name: "MERCER INTERNATIONAL INC."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:27:37.609627+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mercer Q1 2026 Operating EBITDA $7.8M, net loss $52.0M; secures covenant waiver on German RCF

## Summary
- Q1 Operating EBITDA of $7.8M (includes $22.0M non-cash inventory impairment) vs $47.1M in Q1 2025.
- Net loss of $52.0M ($0.78 per share) vs loss of $22.3M ($0.33 per share) in Q1 2025; revenue down 3% to $489.3M.
- Secured extended waiver on German revolving credit facility; expects leverage ratio compliance by Q4 2026.
- Achieved $11M in 'One Goal One Hundred' savings in Q1, cumulative $41M; mass timber order book at $171M.
- Cash and equivalents $84.5M; aggregate liquidity ~$229M; pulp segment EBITDA fell to $6.9M from $49.9M.

## SEC filing metadata
- accession: 0001193125-26-212130
- form_type: 8-K
- ticker: MERC
- cik: 0001333274
- company_name: MERCER INTERNATIONAL INC.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1333274/000119312526212130/0001193125-26-212130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1333274/000119312526212130/merc-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-212130
- JSON: https://secwatch.observer/filing/0001193125-26-212130.json
- Plain text: https://secwatch.observer/filing/0001193125-26-212130.txt

## Source-grounded claims
- claim_id: 73600c0fe2f32d1e1821c5cd9fb85e2f1d938f98
  claim: MERCER INTERNATIONAL INC. reported first quarter ended March 31, 2026 results: net income $52.0 million ($0.78 per share), EPS ($0.78 per share).
  evidence_excerpt: In the first quarter of 2026, net loss was $52.0 million ($0.78 per share) compared to $22.3 million ($0.33 per share) in the same quarter of 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1333274/000119312526212130/0001193125-26-212130-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.