Mercer International Inc. reports third quarter and nine months 2020 results and announces quarterly cash dividend of $0.065

Selected Highlights 

  • Third quarter net income of $7.5 million and Operating EBITDA* of $45.6 million
  • Record Wood Segment Results
  • Cash on hand and available credit facilities provide liquidity of about $600.6 million at September  30, 2020

NEW YORK, NY, October 29, 2020 

Mercer International Inc. (Nasdaq: MERC) today reported third quarter  2020 Operating EBITDA decreased to $45.6 million from $50.8 million in the third quarter of 2019 and increased from  $40.5 million in the second quarter of 2020.  

In the third quarter of 2020, net income was $7.5 million (or $0.11 per share) compared to $1.2 million (or  $0.02 per share) in the third quarter of 2019 and a net loss of $8.4 million (or $0.13 per share) in the second quarter  of 2020.  

In the first nine months of 2020, Operating EBITDA decreased by 41% to $143.1 million from $244.6 million in  the same period of 2019. In the first nine months of 2020, net loss was $4.3 million compared to net income of $63.1 million in the same period of 2019.  

Mr. David Gandossi, the Chief Executive Officer, stated: “As a resurgence or second wave of infections from COVID-19 is being felt in a number of countries, we remain committed to maintaining measures and procedures to  operate our business safely and efficiently and protect our people.  

You can read the rest of the results in detail here.

 


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