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 (MERC) is currently under investigation by the European Union for potential cartel activities in the wood pulp sector. The investigation includes inspections at major European pulp producers, including Mercer’s German operations. The company is cooperating fully with the inquiry. Mercer is a global producer of bioproducts and forest products, with an annual production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
Mercer International announced David M. Gandossi, President and CEO, will present at the TD Securities Virtual Paper & Forest Products Conference on September 29, 2021, at 10:00 AM EDT. A copy of the presentation will be available on the company's website on the morning of the event. Additionally, a webcast will be accessible days prior, with a recording available for 90 days post-event. Mercer is a global leader in sustainable forest products, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually.
Mercer International Inc. (NASDAQ: MERC) has received approval from the Bankruptcy Court for its wholly-owned subsidiary to acquire a state-of-the-art CLT manufacturing facility in Spokane, Washington, for $50 million. This facility, covering 54 acres with 270,000 square feet, will boost the company's annual production capacity to approximately 13 million sq. ft. of 5-ply panels, representing around 30% of North America's mass timber manufacturing capacity. CEO David Gandossi emphasized the acquisition aligns with their strategy to provide sustainable building solutions.
Mercer International reported strong second quarter 2021 results, with Operating EBITDA at $83.8 million and net income of $21.4 million ($0.32 per share), up from a net loss of $8.4 million a year earlier. Revenue rose 18% to $401.8 million driven by higher pulp and lumber sales. Enhanced capacity at Stendal Mill adds 80,000 ADMTs per year. A quarterly dividend of $0.065 per share is set for October 6, 2021. Despite strong results, logistics issues from wildfires pose risks, yet strong market fundamentals are expected to support prices going forward.
Mercer International announces that David M. Gandossi, President and CEO, will present at the Jefferies 2021 Industrials Conference on August 4, 2021, at 9:00 AM EDT. The presentation will be available on Mercer’s website in the “Investors - Current Documents” section on the morning of the event. A live webcast can also be accessed, with a 30-day replay following the session. Mercer operates globally in the forest products sector, producing approximately 2.2 million tonnes of pulp and 550 million fbm of softwood lumber.
Mercer International (NASDAQ: MERC) is set to release its Q2 2021 results on July 29, 2021, after market closure. The results will be discussed in a conference call on July 30, 2021, at 10:00 AM ET, hosted by CEO David M. Gandossi and CFO David K. Ure. Stakeholders can access the call via dial-in numbers or livestream through the provided link. Mercer International operates globally in forest products and bioproducts, with an annual production capacity of 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
Mercer International reported a strong first quarter for 2021, showcasing significant growth with an Operating EBITDA of $82.0 million and a net income of $5.9 million ($0.09 per share). This represents an increase from both the previous quarter and the same period last year. Revenue surged to $412.7 million, an 18% rise year-over-year, driven by higher lumber and pulp sales. The company will pay a quarterly dividend of $0.065 per share on July 7, 2021, with strong market demand anticipated for both pulp and lumber.
Mercer International (NASDAQ: MERC) will announce its first quarter results on April 29, 2021, after market close. David M. Gandossi, the President and CEO, along with David K. Ure, CFO, will conduct a conference call on April 30, 2021, at 10:00 am ET to discuss the financial results. Interested participants can join by calling the designated numbers or through a live internet stream. Mercer International specializes in bioproducts, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually.
Mercer International (Nasdaq: MERC) announced that its President and CEO, David M. Gandossi, will present at the Raymond James 2021 Institutional Investors Conference on March 3rd, 2021. The presentation is scheduled for 3:00 PM EST, and a recording will be available online afterward in the company’s Investors - Current Documents section.
Mercer is a global leader in bioproducts and forest products, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually, operating in Germany, Canada, and Australia.
Mercer International Inc. (Nasdaq: MERC) has appointed Alice Laberge and Janine North to its board of directors as of February 17, 2021. Laberge, a former board member at the Royal Bank of Canada and current director of Nutrien Ltd., brings over 15 years of experience in governance. North, formerly the founding CEO of the Northern Development Initiative Trust, also holds directorships in Conifex Timber Inc. and Imperial Metals Corporation. The board aims to enhance its governance with their extensive forestry industry knowledge.
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