Welcome to our dedicated page for Mercer International news (Ticker: MERC), a resource for investors and traders seeking the latest updates and insights on Mercer International stock.
Mercer International Inc. operates as a global forest products company with pulp and solid wood operations in Germany, the United States and Canada. Company updates commonly address pulp sales realizations, fiber costs, inventory and asset impairments, liquidity initiatives, credit-facility covenant matters, and operating results across pulp, lumber and mass timber products.
Recurring developments also cover cross-laminated timber and glulam demand, pallet and biofuels production, the Peace River pulp mill, cost-efficiency programs, dividend and balance-sheet actions, and carbon capture work tied to biogenic emissions from pulp operations.
Mercer International announced that its President and CEO, David M. Gandossi, will present at the 2020 RBC Capital Markets Forest Products Virtual Conference on December 2nd, 2020, with a panel discussion scheduled for 12:55 PM ET. A copy of the presentation will be available in the Investors - Current Documents section of their website on the morning of the event. Mercer is a global producer of forest products and bioproducts, with a production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
In the third quarter, MERC reported a net income of $7.5 million alongside an Operating EBITDA of $45.6 million. The company achieved record results in its Wood Segment, demonstrating robust performance. Additionally, with cash on hand and available credit facilities, MERC maintains substantial liquidity, positioning itself favorably for future growth.
Mercer International (NASDAQ: MERC) is set to release its third quarter results on October 29, 2020, after market close. The earnings call will take place on October 30, 2020, at 10:00 am ET, led by CEO David M. Gandossi and CFO David K. Ure. Participants can join by phone or via a live internet link. Mercer is a global producer of bioproducts and forest products, with operations in Germany, Canada, and Australia, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually.
Mercer International Inc. (NASDAQ: MERC) reported a net loss of $8.4 million in Q2 2020, a significant drop from the $10.3 million profit in Q2 2019. Operating EBITDA fell 42% to $40.5 million, with revenues down 20% to $341.2 million due to lower pulp sales. In the first half of 2020, total revenues dropped 24% to $691.8 million, leading to a net loss of $11.8 million. The company maintains liquidity of approximately $566.8 million and will pay a quarterly dividend of $0.065 per share on October 6, 2020.
Mercer International (Nasdaq: MERC) will be presenting at the Jefferies 2020 Industrials Conference on August 6, 2020, at 3:00 PM EDT. David M. Gandossi, President and CEO, will lead the presentation. Interested investors can access the presentation via the Investors - Current Documents section on the company's website. Mercer is a leading global forest products company operating in Germany and Canada, with an annual production capacity of 2.2 million tonnes of pulp and 550 million fbm of softwood lumber.
Mercer International (NASDAQ: MERC) announces the release of its second quarter results for the period ended June 30, 2020, scheduled for July 30, 2020, post-market. A conference call to discuss these results will be hosted on July 31, 2020, at 10:00 am ET by President David M. Gandossi and CFO David K. Ure. Participants can join via telephone or listen online. Mercer International operates in the forest products industry, producing approximately 2.2 million tonnes of pulp and 550 million fbm of softwood lumber annually.
Mercer International Inc. (Nasdaq: MERC) announced an unexpected downtime of approximately 30 days at its Celgar mill in July 2020, in addition to a planned five-day maintenance. This results in a total of 52,000 ADMTs of production loss, primarily due to reduced fiber availability stemming from Covid-related sawmill curtailments in British Columbia. Compounding the issue are new stumpage charges and complex rules that have left harvested pulpwood unused in the forests. The company operates globally with significant production capacities in pulp and lumber.
Mercer International Inc. (Nasdaq: MERC) announced its 2020 Annual Meeting of Shareholders will be held virtually on May 29, 2020, at 10:00 a.m. (Vancouver time) due to COVID-19. Shareholders of record as of March 25, 2020, can participate by entering their control number. Voting in advance is encouraged, and those holding shares through a broker must obtain a legal proxy to participate in the meeting. Mercer operates in Germany and Canada, with a production capacity of 2.2 million tonnes of pulp and 550 million board feet of lumber.
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