Mercer International Inc. reports fourth quarter and year end 2022 results and announces quarterly cash dividend of $0.075

Selected Highlights

• Fourth quarter net income of $20.0 million and Operating EBITDA* of $96.1 million
• Full year 2022 record net income of $247.0 million and record Operating EBITDA* of $536.5 million
• Quarterly cash dividend of $0.075 per share

NEW YORK, NY, February 16, 2023

Mercer International Inc. (Nasdaq: MERC) today reported fourth quarter 2022 Operating EBITDA of $96.1 million a decrease from $164.9 million in the fourth quarter of 2021 and $140.9 million
in the third quarter of 2022.

In the fourth quarter of 2022, net income was $20.0 million (or $0.30 per share) compared to $74.5 million (or $1.13 per basic share and $1.12 per diluted share) in the fourth quarter of 2021 and net income of $66.7 million (or $1.01 per basic share and $1.00 per diluted share) in the third quarter of 2022.

In 2022, Operating EBITDA increased by 12% to a record $536.5 million from $478.8 million in 2021. In 2022, net income was a record $247.0 million (or $3.74 per basic share and $3.71 per diluted share) from $171.0 million (or $2.59 per basic share and $2.58 per diluted share) in 2021.

Mr. Juan Carlos Bueno, the Chief Executive Officer, stated: “Our solid fourth quarter operating results reflect strong pulp sales, which were however more than offset by lower sales prices, higher planned maintenance and fiber costs and the negative impact of the weaker US dollar compared to our third quarter operating results.”

You can view the remainder of the results in greater detail here.