Welcome to our dedicated page for Mercer International news (Ticker: MERC), a resource for investors and traders seeking the latest updates and insights on Mercer International stock.
Mercer International Inc. (NASDAQ: MERC) is a global leader in the forest products industry, specializing in the production of fiber, renewable energy, and chemicals from sustainable sources. As one of the world's largest producers of Northern Bleached Softwood Kraft (NBSK) market pulp, Mercer operates with a substantial annual capacity of approximately 1.525 million air-dry metric tons (admt) across its three state-of-the-art mills located in Canada and Germany. These facilities are renowned for their superior product quality, consistent output, and exceptional service.
Mercer operates through two main segments: Pulp and Solid Wood. The Pulp segment includes the manufacturing, sale, and distribution of pulp, electricity, and chemicals. The Solid Wood segment is involved in the production and sale of lumber, wood pallets, biofuels, and wood residuals. Mercer's operations extend to multiple geographical regions including the USA, Germany, China, and other countries, with the majority of its revenue being driven by its operations in the United States.
Mercer's commitment to sustainability is reflected in its low capital requirements, high efficiency, and compliance with state-of-the-art environmental standards, ensuring that all facilities are net energy producers. The company continues to innovate, focusing on the renewable energy sector and significantly contributing to the global supply of essential human needs.
In recent news, Mercer International announced the dissolution of its 50/50 joint venture in Cariboo Pulp and Paper with West Fraser Timber Co. Ltd. This strategic move allows Mercer to redeploy resources to areas aligned with its long-term focus, enhancing its operational efficiency. The company is led by CEO Juan Carlos Bueno and Executive Chairman Jimmy S.H. Lee.
For live updates and detailed financial and operating highlights, investors can visit the Investor Relations section of Mercer's website.
Mercer International (NASDAQ: MERC) is set to announce its first quarter results on May 4, 2023, after market close. This report will cover the financial performance for the period ending March 31, 2023. Following the results, a conference call will be held on May 5, 2023, at 10:00 am ET, led by Juan Carlos Bueno, President and CEO, and David K. Ure, Senior VP Finance and CFO. Investors can join the call using specific local dial-in numbers or by accessing it online via a provided link. Mercer International operates globally in the forest products sector, boasting an annual production capacity of 2.3 million tonnes of pulp and 960 million board feet of lumber, among other products.
Mercer International signed its first significant mass timber project contract with a major consumer products retailer. The contract will utilize four months of capacity at Mercer’s Spokane facility in 2023, focusing on cross-laminated timber panels and glue-laminated beams. CEO Juan Carlos Bueno highlighted the project’s advantages, including structural integrity and reduced carbon footprint. Mercer operates in Germany, the USA, and Canada, with a robust annual production capacity of 2.3 million tonnes of pulp, 960 million board feet of lumber, and 140 thousand cubic meters of cross-laminated timber.
Mercer International Inc. has announced the departure of David Ure, its CFO and Secretary since 2015, effective June 1, 2023. Ure has contributed over 17 years to the company and will assist during the transition as an advisor until August 2023. His successor, Richard Short, previously Vice President and Controller, brings 30 years of experience in finance and the forest products industry. CEO Juan Carlos Bueno acknowledged Ure's leadership and contributions, while Ure expressed confidence in Short's capabilities. Mercer operates globally with significant production capacity in pulp and lumber.
Mercer International reported its fourth quarter 2022 results, revealing a net income of $20.0 million and Operating EBITDA of $96.1 million, down from $74.5 million and $164.9 million respectively year-over-year. Despite achieving a record annual net income of $247.0 million for 2022, up from $171.0 million in 2021, the company faced challenges including increased fiber costs and planned maintenance expenses. The quarterly cash dividend is set at $0.075, payable on April 5, 2023. CEO Juan Carlos Bueno noted that pulp sales benefited from strong demand but were impacted by lower prices and higher costs.
Mercer International Inc. (Nasdaq: MERC) has announced a planned operation curtailment at the Cariboo Pulp and Paper mill, starting mid-April for one month, followed by another month in the third quarter. This action is a response to a decrease in fiber availability due to recent insect infestations, fires, and governmental policies affecting British Columbia's forestry resources. The downtime aims to align production capacity with the reduced fiber supply, with adjustments possible based on future fiber forecasts. Mercer operates globally, with a total production capacity of 2.3 million tonnes of pulp and other wood products.
Mercer International (NASDAQ: MERC) is set to release its fourth quarter results for the period ending December 31, 2022, on February 16, 2023, after market close. CEO Juan Carlos Bueno and CFO David K. Ure will host a conference call on February 17, 2023, at 10:00 am ET to discuss the results. Interested participants can join via phone or listen to a live webcast on the company’s website. Mercer operates in the forest products industry, with a production capacity of 2.3 million tonnes of pulp and multiple other timber products across Germany, the USA, and Canada.
Mercer International Inc. (Nasdaq: MERC) announced that its Celgar mill in British Columbia will undergo approximately three weeks of downtime starting in March 2023 due to inadequate fiber availability. President and CEO Juan Carlos Bueno expressed disappointment over the fiber supply situation, particularly regarding residual fiber for pulp, which is affecting employees and suppliers. Mercer operates globally with an annual production capacity of 2.3 million tonnes of pulp, among other products.
Mercer International has announced that Juan Carlos Bueno, President and CEO, will present at the 26th Annual CIBC Western Institutional Investor Conference from January 18-20, 2023. The presentation will include a fireside chat on January 18 at 4:00 p.m. PST. Mercer is a global forest products company with operations in Germany, the USA, and Canada, producing 2.3 million tonnes of pulp and 960 million board feet of lumber annually. For more details, visit www.mercerint.com.
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