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 Inc. reported a robust first quarter of 2022, with net income of $88.9 million ($1.35 per share) and Operating EBITDA of $154.5 million, up from $82.0 million in Q1 2021. Total revenues soared by 44% to a record $592.7 million, driven by increased pulp, lumber, and energy prices, alongside strong sales volumes. The company also announced a $0.075 per share dividend payable on July 7, 2022. Despite challenges with rising input costs and global logistics issues, Mercer remains optimistic about pricing trends and its new cross-laminated timber facility's potential.
Mercer International announced the approval of its 35% Greenhouse Gas (GHG) reduction target by 2030 by the Science Based Targets initiative (SBTi), marking it as a leader in the forest and paper products sector. The target, set from a 2019 baseline, aims to reduce Scope 1 GHG emissions per tonne of pulp and absolute Scope 2 and Scope 3 GHG emissions. This initiative aligns with the goals of the Paris Agreement for limiting global warming. Senior Vice President and CFO David Ure emphasized the company's commitment to a net-zero future and collaboration with stakeholders to reduce carbon footprints.
Mercer International (NASDAQ: MERC) will announce its first-quarter results for the period ending March 31, 2022, on April 28, 2022, after market close. A conference call to discuss these results will be held on April 29, 2022, at 10:00 am ET. Interested participants can join the call by dialing (888) 241-0326 for North America or (647) 427-3411 internationally, using Conference ID 3292794. Mercer, a global producer of forest products and bioproducts, aims to promote sustainability through its operations across several countries, producing approximately 2.2 million tonnes of kraft pulp annually.
Mercer International Inc. (MERC) announced the retirement of CEO David Gandossi, effective May 1, 2022, after over seven years of leadership. Juan Carlos Bueno has been appointed as his successor and will also be nominated to the Board of Directors at the next annual meeting. Gandossi will assist in the transition until August 31, 2022. Bueno brings over 30 years of experience in industrial and product sectors, having previously served as CEO at Stora Enso. Both executives highlighted the company's strong market position and commitment to growth.
Mercer International Inc. (MERC) reported a record net income of $74.5 million for Q4 2021, significantly up from a net loss of $13.0 million in Q4 2020. Operating EBITDA reached an all-time high of $164.9 million, up from $49.5 million year-over-year. For the full year, net income was $171.0 million, also a record, with Operating EBITDA at $478.8 million. The company expects strong NBSK markets in Q1 2022, driven by improving demand and supply disruptions. A quarterly dividend of $0.075 per share will be paid on April 6, 2022.
Mercer International (NASDAQ: MERC) will announce its fourth quarter results for the period ending December 31, 2021, on February 17, 2022, after the market closes. A conference call hosted by President David M. Gandossi and CFO David K. Ure is scheduled for February 18, 2022, at 10:00 am ET to discuss the results. Stakeholders can join the call or listen online. Mercer International is a leading producer of forest products and bioproducts, with annual production capacity of approximately 2.2 million tonnes of kraft pulp.
Mercer International has secured a new CDN$160 million joint asset-backed revolving credit facility with a group of North American banks, replacing two existing facilities totaling CDN$100 million. This five-year facility is intended for general corporate purposes and is secured by the assets of its Canadian subsidiaries. Interest rates will vary based on a borrowing base and leverage ratio. Mercer's operations span Germany and Canada, with an annual production capacity of 2.2 million tonnes of pulp and 550 million board feet of lumber.
Mercer International Inc. (Nasdaq: MERC) has announced that its President and CEO, David M. Gandossi, will present at the 25th Annual CIBC Western Institutional Investor Conference. The event is scheduled for Thursday, January 20th, 2022, at 2:35 PM PST. A copy of the presentation will be available on the company’s website under the Investors section on the morning of the event. Mercer is a global producer of forest products and bioproducts, with a production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
Mercer International Inc. (Nasdaq: MERC) announced that David K. Ure, Senior VP Finance, CFO, and Secretary, will present at the 2021 RBC Capital Markets Forest Products Virtual Conference on December 2, 2021, at 12:45 PM ET. A presentation copy will be available on the company's website in the 'Investors - News Releases & Presentations' section on the morning of the event. Mercer operates globally in forest products, bioproducts, and green electricity, with a production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
Mercer International Inc. (Nasdaq: MERC) announced that CEO David M. Gandossi will present at the BofA Securities 2021 Virtual Leveraged Finance Conference. The event will take place from November 30 to December 2, 2021, with Gandossi's presentation scheduled for 2:15 PM ET on December 1. A copy of the presentation will be available on the company's website. Conference participants can access a live webcast and a replay within twenty-four hours after the event. Mercer focuses on sustainable bioproducts and has a production capacity of 2.2 million tonnes of kraft pulp.
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