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Mercer International Inc (MERC)
NASDAQ:MERC
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Earnings Data
Report Date
Feb 20, 2025After Close Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.03Last Year’s EPS
-$1.31Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -3.63%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects mixed results with improvements in operating EBITDA and strategic debt reduction, alongside challenges from unplanned downtime and weaker hardwood pulp markets. The company remains optimistic about softwood pulp stability and future growth in the mass timber sector.Company Guidance
In the third quarter of 2024, Mercer International experienced an improvement in operating EBITDA, which totaled $50 million, up from $30 million in Q2. This was largely due to a reduction in planned major maintenance downtime, which decreased to 20 days from 37 days in the previous quarter. The Pulp segment contributed $55 million in EBITDA, while the Solid Wood segment reported a negative $2 million. Softwood pulp sales realizations were stable at $814 per tonne, with the North American NBSK list price increasing to $1,762 per tonne. However, hardwood prices faced challenges, particularly in China, causing a $4 million noncash inventory impairment. Mercer also reported a consolidated net loss of $18 million and consumed $24 million in cash during Q3. Despite these challenges, the company maintained a liquidity position of $554 million and reduced senior note debt by $100 million. Looking forward, Mercer expects modest improvements in lumber prices in Q4 and plans to focus on debt reduction as part of its capital allocation strategy.Increase in Operating EBITDA
Operating EBITDA for Q3 was $50 million, up from $30 million in Q2, despite various challenges.
Softwood Pulp Market Strength
Softwood pulp markets remained stable, with Q3 sales realizations at $814 per tonne, slightly up from $811 per tonne in Q2.
Mass Timber Business Performance
The Mass Timber business in the Solid Wood segment had strong performance, contributing positively to revenues and margins.
Debt Reduction Achievement
The company reduced senior note debt by $100 million through strategic refinancing.
U.K. Lumber Market Recovery
Significant demand recovery observed in the U.K. lumber market, enhancing sales potential.
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MERC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MERC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $6.44 | $6.36 | -1.24% |
| Aug 08, 2024 | $6.42 | $6.77 | +5.45% |
| May 09, 2024 | $10.47 | $10.18 | -2.77% |
| Feb 15, 2024 | $7.50 | $8.05 | +7.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mercer International Inc (MERC) report earnings?
Mercer International Inc (MERC) is schdueled to report earning on Feb 20, 2025, After Close Not Confirmed.
What is Mercer International Inc (MERC) earnings time?
Mercer International Inc (MERC) earnings time is at Feb 20, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MERC EPS forecast?
MERC EPS forecast for the fiscal quarter 2024 (Q4) is $0.03.
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