Mercer International ( (MERC) ) has released its Q3 earnings. Here is a breakdown of the information Mercer International presented to its investors.
Mercer International Inc. is a global forest products company with operations in Germany, the USA, and Canada, specializing in the production of pulp, lumber, and mass timber products. The company reported a 35% increase in Operating EBITDA for the third quarter of 2024, reaching $50.5 million, despite facing a net loss of $17.6 million. This improvement was primarily due to strong softwood pulp markets, although production was affected by unplanned downtime at various mills. Notably, the company’s pulp segment saw increased revenues due to higher sales realizations, while the solid wood segment saw a rise in manufactured products revenues, particularly in mass timber. Looking forward, Mercer International aims to leverage the strong demand in softwood pulp markets and continue its strategic focus on reducing debt and growing the mass timber business.
