RBC Capital Mkts downgraded Mercer Intl from Outperform to Sector Perform and set a new price target of $14.00 from $17.00 previously
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| 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 |
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
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.
10-Q - MERCER INTERNATIONAL INC. (0001333274) (Filer)
8-K - MERCER INTERNATIONAL INC. (0001333274) (Filer)
8-K - MERCER INTERNATIONAL INC. (0001333274) (Filer)
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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
Mercer Intl (NASDAQ:MERC) reported quarterly losses of $(0.25) per share which beat the analyst consensus estimate of $(0.26) by 3.85 percent. This is a 45.65 percent increase over losses of $(0.46) per share from the same period last year. The company reported quarterly sales of $553.430 million which beat the analyst consensus estimate of $508.000 million by 8.94 percent. This is a 5.89 percent increase over sales of $522.666 million the same period last year.
West Fraser will continue as the sole owner/operator of the mill, doing business as Cariboo Pulp and Paper Company. No termination or other amounts are payable by either company in connection with the termination of the joint venture. Mercer will retain certain finished product inventory in connection with the transaction. Mercer expects to recognize a non-cash impairment in the first quarter in connection with the dissolution of the joint venture, based on the net carrying value of such interest.
RBC Capital analyst Matthew McKellar maintains Mercer Intl (NASDAQ:MERC) with a Sector Perform and raises the price target from $9 to $10.
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
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