Mercer Intl Stock Price, News & Analysis

Mercer International reported a strong first quarter for 2021, showcasing significant growth with an Operating EBITDA of $82.0 million and a net income of $5.9 million ($0.09 per share). This represents an increase from both the previous quarter and the same period last year. Revenue surged to $412.7 million, an 18% rise year-over-year, driven by higher lumber and pulp sales. The company will pay a quarterly dividend of $0.065 per share on July 7, 2021, with strong market demand anticipated for both pulp and lumber.

Mercer International (NASDAQ: MERC) will announce its first quarter results on April 29, 2021, after market close. David M. Gandossi, the President and CEO, along with David K. Ure, CFO, will conduct a conference call on April 30, 2021, at 10:00 am ET to discuss the financial results. Interested participants can join by calling the designated numbers or through a live internet stream. Mercer International specializes in bioproducts, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually.

Mercer International (Nasdaq: MERC) announced that its President and CEO, David M. Gandossi, will present at the Raymond James 2021 Institutional Investors Conference on March 3rd, 2021. The presentation is scheduled for 3:00 PM EST, and a recording will be available online afterward in the company’s Investors - Current Documents section.

Mercer is a global leader in bioproducts and forest products, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually, operating in Germany, Canada, and Australia.

Mercer International Inc. (Nasdaq: MERC) has appointed Alice Laberge and Janine North to its board of directors as of February 17, 2021. Laberge, a former board member at the Royal Bank of Canada and current director of Nutrien Ltd., brings over 15 years of experience in governance. North, formerly the founding CEO of the Northern Development Initiative Trust, also holds directorships in Conifex Timber Inc. and Imperial Metals Corporation. The board aims to enhance its governance with their extensive forestry industry knowledge.

Mercer International reported strong quarterly results with Operating EBITDA of $49.5 million for Q4 2020, an increase from a loss of $34.2 million in the previous year. However, the company posted a net loss of $13 million for the quarter, compared to a net loss of $72.7 million in Q4 2019. For the full year, Operating EBITDA decreased by 8% to $192.7 million with a net loss of $17.2 million ($0.26 per share). A quarterly dividend of $0.065 per share is set for April 7, 2021. The company anticipates stable pulp demand and robust lumber pricing in 2021.

Mercer International Inc. (Nasdaq: MERC) has completed a private offering of $875.0 million in 5.125% senior notes due February 1, 2029. The company utilized proceeds to refinance its $250.0 million 6.500% senior notes due 2024 and to redeem existing 7.375% senior notes due 2025. Under the tender offer, $100,069,000 of the 2024 notes were purchased, with the remaining notes set for redemption on February 13, 2021. The notes were sold to qualified institutional buyers in compliance with SEC regulations.

Mercer International (NASDAQ: MERC) will announce its fourth quarter results on February 16, 2021, after market close. Following the release, a conference call will be hosted on February 17, 2021, at 10:00 am ET by CEO David M. Gandossi and CFO David K. Ure to discuss the results. Interested parties can participate by phone or through an online link. Mercer operates in Germany, Canada, and Australia, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually, emphasizing sustainability in its bioproducts.

Mercer International Inc. (Nasdaq: MERC) has announced an upsized private offering of $875 million in 5.125% senior notes due February 1, 2029, an increase from the previously planned $500 million. The funds will refinance $250 million of 6.500% senior notes due 2024 and redeem $550 million of 7.375% senior notes due 2025. Redemption of the 2025 Notes is set for January 26, 2021, conditional upon completion of the offering. The offering is aimed at qualified institutional buyers and is structured under Rule 144A. The anticipated closing date is also January 26, 2021.

Mercer International Inc. (Nasdaq: MERC) announced an offering of $500 million in senior notes due 2029 to finance its tender offer for $250 million of its 6.500% Senior Notes due 2024 and a partial redemption of the 7.375% Senior Notes due 2025. The tender offer expires on January 21, 2021, with expected settlement on January 26, 2021. The notes are being offered to qualified institutional buyers and have not been registered under the Securities Act. The company operates in Germany and Canada, with significant production capacities in pulp and lumber.