Mercer International Faces Mixed Q2 Results Amid Market Shifts
WEB Second Quarter Operating EBITDA of 304 million and net loss of 676 million
Mercer International reported mixed results for its second quarter ended June 30, 2024, with Operating EBITDA of $304 million and a net loss of $676 million. EPS came in at -$1.48, missing analyst estimates by $0.63, while revenue of $529.86 million decreased 7.42% year-over-year but beat estimates by $152.72 million.
WEB EPS of -148 misses by 063 Revenue of 52986M -742 YY beats by 15272M
The company attributed the decline in revenue to lower selling prices for its pulp and paper products, partially offset by higher sales volumes. Operating expenses also increased during the quarter, driven by higher wood and energy costs. Mercer International noted that market conditions remain challenging, with ongoing supply chain disruptions and geopolitical uncertainties. The company is taking steps to reduce costs and improve efficiency in order to navigate the current environment.
Despite the challenges, Mercer International remains optimistic about the long-term outlook for its business. The company has a strong track record of innovation and operational excellence, and it is well-positioned to benefit from the growing demand for sustainable paper and pulp products.
NASDAQMERC Q2 2024 Earnings Call Transcript August 9 2024 Operator
WEB Good morning and welcome to Mercer Internationals Second Quarter 2024 Earnings Conference Call.
WEB Presentation Operator MessageOperator Good morning and welcome to Mercer Internationals.
WEB NEW YORK July 23 2024 GLOBE NEWSWIRE -- Mercer International NASDAQ..
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