Mercer International Inc. Reports Third Quarter and Nine Months Ended September 30, 2019 Results and Announces Quarterly Cash Dividend of $0.1375

Selected Highlights

  • Third quarter net income of $1.2 million ($0.02 per share) and Operating EBITDA* of $50.8 million
  • Nine months ended September 30, 2019 net income of $63.1 million ($0.96 per share) and Operating EBITDA of $244.6 million

NEW YORK, NY, October 31, 2019

Mercer International Inc. (Nasdaq: MERC) today reported third quarter 2019 Operating EBITDA decreased to $50.8 million from $86.7 million in the third quarter of 2018 and from $70.0 million in the second quarter of 2019. In the third quarter of 2019, net income was $1.2 million, or $0.02 per share, compared to $41.2 million, or $0.63 per share, in the third quarter of 2018 and $10.3 million, or $0.16 per share in the second quarter of 2019.

In the first nine months of 2019, Operating EBITDA modestly declined to $244.6 million from $246.5 million in the same period of 2018. In the first nine months of 2019, net income was $63.1 million compared to $83.6 million in the same period of 2018.

Mr. David M. Gandossi, the Chief Executive Officer, stated: “Our third quarter results reflect continuing weakness in the pulp markets. High producer inventories, particularly of hardwood pulp, resulted in pricing pressure through most of the third quarter. However, late in the quarter we saw softwood producer inventories begin to fall and demand began to increase in China. We have announced an NBSK price increase of $10 per tonne for October in China.

Our mills ran well this quarter as we head into a heavy maintenance quarter in the fourth quarter, where three of our pulp mills will have annual maintenance shutdowns.”

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


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