Mercer reports Q1 net income $88.9M ($1.34 diluted EPS); CEO Gandossi retiring May 1

MERCER INTERNATIONAL INC.

2022-Q1 EPS reported $1.34 revenue$592,741,000

Q1 revenues $592.7M (+44% YoY); Operating EBITDA $154.5M vs $82.0M a year ago.
Pulp segment operating income $86.2M; NBSK average sales realization $812/ADMT (+22% YoY).
Quarterly dividend of $0.075 per share declared, payable July 7, 2022 to holders of record June 29.
CEO David Gandossi to retire May 1, 2022; Juan Carlos Bueno named as successor.
Year 2022 capex guidance maintained at $175–$200 million; strong energy, lumber pricing expected.

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