Mercer International (MERC) has released an update.
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Mercer International Inc. reported a significant recovery in the second quarter of 2024 with an Operating EBITDA of $30.4 million, a substantial improvement from the previous year’s losses, and declared a quarterly cash dividend of $0.075 per share. Despite a net loss, the company experienced strengthened pulp markets, which contributed to improved operating cash flows and enhanced liquidity, allowing for a reduction in borrowings.
For further insights into MERC stock, check out TipRanks’ Stock Analysis page.
