Mercer International Inc., together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. It operates through two segments, Pulp and Wood Products. The company also generates and sells green energy produced from biomass cogeneration power plant to third party utilities. In addition, it manufactures, distributes, and sells lumber and other wood residuals. Further, the company produces NBSK pulp primarily from wood chips, pulp logs, and sawlogs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source. It sells its pulp to tissue, specialty paper, and printing and writing paper, and other manufacturers; and lumber products to distributors, construction firms, secondary manufacturers, retail yards, and home centers. The company was founded in 1968 and is headquartered in Vancouver, Canada.
IPO Year:
Exchange: NASDAQ
Website: mercerint.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/12/2024 | Sector Underperform → Neutral | CIBC | |
| 8/4/2023 | Outperform → Mkt Perform | Raymond James | |
| 7/20/2023 | $8.00 | Neutral → Sector Underperform | CIBC |
| 2/10/2023 | $18.50 → $15.50 | Outperform → Neutral | Credit Suisse |
| 1/10/2023 | $13.00 | Sector Outperform → Neutral | CIBC |
| 12/8/2022 | $17.00 → $14.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 7/6/2022 | $18.50 → $19.00 | Neutral → Outperform | Credit Suisse |
| 2/23/2022 | $12.50 → $16.00 | Neutral | Credit Suisse |
| 1/31/2022 | $8.00 → $15.00 | Underperform → Outperform | RBC Capital |
| 1/10/2022 | $12.50 | Neutral → Underperform | Credit Suisse |
10-Q - MERCER INTERNATIONAL INC. (0001333274) (Filer)
8-K - MERCER INTERNATIONAL INC. (0001333274) (Filer)
DEFA14A - MERCER INTERNATIONAL INC. (0001333274) (Filer)
DEF 14A - MERCER INTERNATIONAL INC. (0001333274) (Filer)
SCHEDULE 13G/A - MERCER INTERNATIONAL INC. (0001333274) (Subject)
10-K - MERCER INTERNATIONAL INC. (0001333274) (Filer)
8-K - MERCER INTERNATIONAL INC. (0001333274) (Filer)
10-Q - MERCER INTERNATIONAL INC. (0001333274) (Filer)
8-K - MERCER INTERNATIONAL INC. (0001333274) (Filer)
8-K - MERCER INTERNATIONAL INC. (0001333274) (Filer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4/A - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
Selected Highlights First quarter Operating EBITDA* of $47.1 million (net loss of $22.3 million) compared to $63.6 million (net loss of $16.7 million) in the same quarter of 2024Continue to implement cost reduction and operational efficiency initiatives targeting approximately $100 million in savings by the end of 2026The first quarter of 2025 included annual planned maintenance downtime at the Celgar mill compared to no such downtime in the first quarter of 2024 NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today reported first quarter 2025 Operating EBITDA of $47.1 million, a decrease from $63.6 million in the same quarter of 2024 and $99.2 million
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ:MERC) will release its first quarter results for the period ending March 31, 2025 on Thursday, May 1, 2025, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, May 2, 2025, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over the Internet through a webcast by clicking on or copying and pasting the following link into their web browser: https://edge.media-server.com/mmc/p/9h647upk A link to the webcast is also available on t
Selected Highlights Fourth quarter Operating EBITDA* increased to $99.2 million (net income of $16.7 million) from $50.5 million (net loss of $17.6 million) in the third quarter of 2024Full year 2024 Operating EBITDA increased to $243.7 million (net loss of $85.1 million) from $17.5 million (net loss of $242.1 million) in 2023Refinanced our former 2026 Senior Notes, extending the maturity of our earliest senior notes to 2028, and decreased our long-term debt by over $100.0 million using cash on handQuarterly cash dividend of $0.075 per share NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today reported fourth quarter 2024 Operating EBITDA of $99.2 mil
NEW YORK, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ:MERC) will release its fourth quarter results for the period ending December 31, 2024 on Thursday, February 20, 2025, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, February 21, 2025, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over the Internet through a webcast by clicking on or copying and pasting the following link into their web browser: https://edge.media-server.com/mmc/p/88s2i4a9 A link to the webcast is also
NEW YORK, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today announced that Juan Carlos Bueno, President and Chief Executive Officer, and Richard Short, Chief Financial Officer & Secretary, will be presenting at the following upcoming conference: 28th Annual CIBC Western Institutional Investor ConferenceWednesday, January 22, 2025 - Friday, January 24, 202Fairmont Chateau Whistler, 4599 Chateau Boulevard, Whistler, British ColumbiaFireside chat at 11:40 a.m. PST on Wednesday, January 22, 2025 About Us Mercer International Inc. is a global forest products company with operations in Germany, the United States and Canada with consolidated annual production capa
Selected Highlights Third quarter Operating EBITDA* increased by 35% to $50.5 million (net loss of $17.6 million) from $37.5 million (net loss of $26.0 million) in the same quarter of 2023Continued strength in softwood pulp marketsPulp volumes in the third quarter impacted by unplanned downtimeQuarterly cash dividend of $0.075 per share NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today reported third quarter 2024 Operating EBITDA of $50.5 million, an increase from $37.5 million in the same quarter of 2023 and $30.4 million in the prior quarter of 2024. In the third quarter of 2024, net loss was $17.6 million ($0.26 per share) compared to a net los
NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) (the "Company") today announced that it has completed its previously announced private offering of $200.0 million aggregate principal amount of 12.875% senior notes due October 1, 2028 (the "Additional Notes"). The Additional Notes were issued at a price of 103.000% of their principal amount, plus accrued interest from October 1, 2024, for a yield to worst of 11.624%. The Additional Notes were issued as additional notes under the indenture dated September 21, 2023, pursuant to which the Company previously issued $200.0 million aggregate principal of 12.875% senior notes due 2028. The net proceeds of the of
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) (the "Company") today announced the pricing of its private offering of $200.0 million in aggregate principal amount of 12.875% senior notes due October 1, 2028 (the "Additional Notes"). The Additional Notes are being issued at a price of 103.000% of their principal amount, plus accrued interest from October 1, 2024, for a yield to worst of 11.624%. The net proceeds of the offering, along with cash on hand, will be used by the Company to redeem $300.0 million in principal amount of its currently outstanding 5.500% senior notes due 2026 (the "2026 Senior Notes"). The Additional Notes are being offered as ad
NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) (the "Company") today announced that it intends to offer for sale (the "Offering") $200 million in aggregate principal amount of its senior notes due October 1, 2028 (the "Additional Notes"). The Additional Notes will be issued as additional notes under an existing indenture dated September 21, 2023, pursuant to which the Company previously issued $200.0 million aggregate principal of 12.875% senior notes due 2028 (the "Existing Notes"). The Company intends to use the net proceeds of the Offering, along with cash on hand, to redeem $300 million in principal amount of its currently outstanding 5.500% senior
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) (the "Company" or "Mercer") today reported its preliminary financial results for the third quarter of 2024. Preliminary Third Quarter Results The following sets forth selected financial results for the periods indicated, including selected preliminary financial results for the three and nine months ended September 30, 2024: Q3 Q2 Q3 YTD YTD 2024 2024 2023 2024 2023 (in millions) Revenues$502.1 $499.4 $470.8 $1,555.0 $1,523.4 Operating income (loss)$8.8 $(43.8) $(3.4) $(35.4) $(132.4)Operating EBITDA*$50.5 $30.4 $37.5 $144.5 $(3.7)Net loss$(17.6) $(67.6) $(26.0) $(101.8) $(154.8)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4/A - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
4 - MERCER INTERNATIONAL INC. (0001333274) (Issuer)
CIBC upgraded Mercer Intl from Sector Underperform to Neutral
Raymond James downgraded Mercer Intl from Outperform to Mkt Perform
CIBC downgraded Mercer Intl from Neutral to Sector Underperform and set a new price target of $8.00
Credit Suisse downgraded Mercer Intl from Outperform to Neutral and set a new price target of $15.50 from $18.50 previously
CIBC downgraded Mercer Intl from Sector Outperform to Neutral and set a new price target of $13.00
RBC Capital Mkts downgraded Mercer Intl from Outperform to Sector Perform and set a new price target of $14.00 from $17.00 previously
Credit Suisse upgraded Mercer Intl from Neutral to Outperform and set a new price target of $19.00 from $18.50 previously
Credit Suisse reiterated coverage of Mercer Intl with a rating of Neutral and set a new price target of $16.00 from $12.50 previously
RBC Capital upgraded Mercer International from Underperform to Outperform and set a new price target of $15.00 from $8.00 previously
Credit Suisse downgraded Mercer Intl from Neutral to Underperform and set a new price target of $12.50
SC 13G/A - MERCER INTERNATIONAL INC. (0001333274) (Subject)
SC 13G - MERCER INTERNATIONAL INC. (0001333274) (Subject)
SC 13G/A - MERCER INTERNATIONAL INC. (0001333274) (Subject)
SC 13G/A - MERCER INTERNATIONAL INC. (0001333274) (Subject)
SC 13G/A - MERCER INTERNATIONAL INC. (0001333274) (Subject)
SC 13G/A - MERCER INTERNATIONAL INC. (0001333274) (Subject)
SC 13G/A - MERCER INTERNATIONAL INC. (0001333274) (Subject)
SC 13G/A - MERCER INTERNATIONAL INC. (0001333274) (Subject)
SC 13G/A - MERCER INTERNATIONAL INC. (0001333274) (Subject)
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
NEW YORK, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer" or the "Company") (NASDAQ:MERC) today announced that David Ure, who has served as CFO and Secretary since 2015, will be leaving the Company effective June 1, 2023. Mercer has promoted its Vice President, Controller, Richard Short to succeed Mr. Ure as Chief Financial Officer and Secretary. Mr. Ure will step down from his current executive duties after more than seven years as CFO and over 17 years in all with the Company. Mr. Ure will continue as an advisor until the end of August 2023 to assist Mr. Short and Mercer to facilitate a smooth transition. Juan Carlos Bueno, Chief Executive Officer, said, "On beha
NEW YORK, March 14, 2022 (GLOBE NEWSWIRE) -- Mercer International Inc. ("Mercer" or the "Company") (NASDAQ:MERC) today announced that David Gandossi, who has served as CEO and President since 2015, has announced, as part of turning 65 years old this year, his decision to retire from the Company. The Board of Directors has appointed Juan Carlos Bueno to succeed Mr. Gandossi as Chief Executive Officer and President effective May 1, 2022. He will also be nominated for election to the Company's Board of Directors at the upcoming 2022 annual general meeting of shareholders. Mr. Gandossi will step down from his current executive duties after more than seven years as CEO and President concurren
Selected Highlights First quarter Operating EBITDA* of $47.1 million (net loss of $22.3 million) compared to $63.6 million (net loss of $16.7 million) in the same quarter of 2024Continue to implement cost reduction and operational efficiency initiatives targeting approximately $100 million in savings by the end of 2026The first quarter of 2025 included annual planned maintenance downtime at the Celgar mill compared to no such downtime in the first quarter of 2024 NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today reported first quarter 2025 Operating EBITDA of $47.1 million, a decrease from $63.6 million in the same quarter of 2024 and $99.2 million
NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ:MERC) will release its first quarter results for the period ending March 31, 2025 on Thursday, May 1, 2025, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, May 2, 2025, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over the Internet through a webcast by clicking on or copying and pasting the following link into their web browser: https://edge.media-server.com/mmc/p/9h647upk A link to the webcast is also available on t
Selected Highlights Fourth quarter Operating EBITDA* increased to $99.2 million (net income of $16.7 million) from $50.5 million (net loss of $17.6 million) in the third quarter of 2024Full year 2024 Operating EBITDA increased to $243.7 million (net loss of $85.1 million) from $17.5 million (net loss of $242.1 million) in 2023Refinanced our former 2026 Senior Notes, extending the maturity of our earliest senior notes to 2028, and decreased our long-term debt by over $100.0 million using cash on handQuarterly cash dividend of $0.075 per share NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today reported fourth quarter 2024 Operating EBITDA of $99.2 mil
NEW YORK, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ:MERC) will release its fourth quarter results for the period ending December 31, 2024 on Thursday, February 20, 2025, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, February 21, 2025, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over the Internet through a webcast by clicking on or copying and pasting the following link into their web browser: https://edge.media-server.com/mmc/p/88s2i4a9 A link to the webcast is also
Selected Highlights Third quarter Operating EBITDA* increased by 35% to $50.5 million (net loss of $17.6 million) from $37.5 million (net loss of $26.0 million) in the same quarter of 2023Continued strength in softwood pulp marketsPulp volumes in the third quarter impacted by unplanned downtimeQuarterly cash dividend of $0.075 per share NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today reported third quarter 2024 Operating EBITDA of $50.5 million, an increase from $37.5 million in the same quarter of 2023 and $30.4 million in the prior quarter of 2024. In the third quarter of 2024, net loss was $17.6 million ($0.26 per share) compared to a net los
NEW YORK, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) (the "Company" or "Mercer") today reported its preliminary financial results for the third quarter of 2024. Preliminary Third Quarter Results The following sets forth selected financial results for the periods indicated, including selected preliminary financial results for the three and nine months ended September 30, 2024: Q3 Q2 Q3 YTD YTD 2024 2024 2023 2024 2023 (in millions) Revenues$502.1 $499.4 $470.8 $1,555.0 $1,523.4 Operating income (loss)$8.8 $(43.8) $(3.4) $(35.4) $(132.4)Operating EBITDA*$50.5 $30.4 $37.5 $144.5 $(3.7)Net loss$(17.6) $(67.6) $(26.0) $(101.8) $(154.8)
Selected Highlights Second quarter Operating EBITDA* of $30.4 million and net loss of $67.6 millionStrengthened pulp markets drive improvement in operating cash flows and liquidityQuarterly cash dividend of $0.075 per share NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today reported second quarter 2024 Operating EBITDA of $30.4 million, an increase from negative Operating EBITDA of $68.7 million in the same quarter of 2023 and a decrease from Operating EBITDA of $63.6 million in the first quarter of 2024. In the second quarter of 2024, net loss was $67.6 million ($1.01 per share), which included a non-cash impairment of $34.
NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ:MERC) will release its second quarter results for the period ending June 30, 2024 on Thursday, August 8, 2024, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, August 9, 2024, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over the Internet through a webcast by clicking on or copying and pasting the following link into their web browser: https://edge.media-server.com/mmc/p/3qmekae8 A link to the webcast is also available
Selected Highlights First quarter Operating EBITDA* of $63.6 million and net loss of $16.7 million Improving pulp markets and lower costs driving stronger EBITDA Quarterly cash dividend of $0.075 per share NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today reported first quarter 2024 Operating EBITDA of $63.6 million, an increase from $27.5 million in the same quarter of 2023 and $21.1 million in the fourth quarter of 2023. In the first quarter of 2024, net loss was $16.7 million (or $0.25 per share), which included a non-cash loss on disposal of $23.6 million (or $0.35 per share) relating to the dissolution of the Cariboo Pulp
NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ:MERC) will release its first quarter results for the period ending March 31, 2024 on Thursday, May 9, 2024, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, May 10, 2024, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over the Internet through a webcast by clicking on or copying and pasting the following link into their web browser: https://edge.media-server.com/mmc/p/tdezetkf A link to the webcast is also available on