Mercer's pulp segment was the main sequential driver of EBITDA improvement in Q1, contributing $36 million to the total $42 million improvement in the quarter. As we see below, there has been a marked improvement in pulp prices over the past two quarters in both the European & North American markets. The Chinese market continues to buck the trend here which may mean that its elevated ongoing level of exports may be distorting the pricing of pulp here to some degree. fabphoto/E+ via Getty Images Intro We wro ...

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Financial Data and Key Metrics Changes - The company reported a consolidated net loss of $17 million for Q1 2024, an improvement from a net loss of $87 million in Q4 2023 [20] - EBITDA for Q1 was $64 million, significantly up from $21 million in Q4, driven by improved pulp sales realizations and lower production costs [39] - Total pulp sales volumes increased by 75,000 tons to 566,000 tons in Q1, aided by higher production due to reduced maintenance downtime [40] Business Line Data and Key Metrics Changes - The pulp segment contributed quarterly EBITDA of $68 million, while the solid wood segment reported a negative EBITDA of $1 million [39] - Average list prices for NBSK in Europe rose to $1,400 per ton, a 12% increase from Q4, and North American NBSK prices averaged $1,440 per ton, up 10% [17] - Lumber sales volumes were 121 million board feet, an 8% increase from Q4, despite overall demand remaining subdued [41] Market Data and Key Metrics Changes - Almost 50% of sales were directed to the U.S. market, although this percentage decreased slightly due to recovery signs in the U.K. and Ireland [2] - The European NBSK market showed significant improvement, while the Chinese market lagged behind due to slower demand [47] - The shipping pallet market remains weak, influenced by the overall weak European economy [6] Company Strategy and Development Direction - The company is focusing on expanding into green chemicals and products compatible with a circular carbon economy, including lignin extraction [1] - Strategic decisions include dissolving the Cariboo mill joint venture to concentrate resources on areas aligned with long-term goals [24] - The company plans to restart strategic CapEx projects at Torgau and Spokane mills to enhance production capabilities and reduce costs [28][68] Management Comments on Operating Environment and Future Outlook - Management expects upward pressure on pulp prices through Q2, with potential supply constraints due to labor actions in Canada [26] - The solid wood segment's results are improving but still below expectations, with high interest rates impacting housing starts [27] - There is cautious optimism regarding lumber pricing improvements linked to economic data and supply-demand dynamics [30][70] Other Important Information - The company invested approximately $18.5 million in operations during Q1, aligning with a reduced CapEx target for 2024 [46] - The Board approved a quarterly dividend of $0.075 per share for shareholders of record on June 26, 2024 [44] - The integration of mass timber assets is progressing well, with a significant order file totaling about $80 million at the end of March [49] Q&A Session Summary Question: What are the return parameters for the discretionary projects at Torgau and Spokane? - The return on these projects is expected to be less than three years, with completion anticipated by the end of next year [56] Question: How sustainable is the current momentum in pulp markets into the second half of the year? - Demand has improved, particularly in Europe and North America, but remains weaker in China; the recent surge is attributed to supply constraints and customer restocking [57] Question: Can you provide details on the large-scale mass timber projects? - Two significant projects are underway, expected to boost manufactured product sales and EBITDA in the coming quarters, with sales projected to reach $100 million to $120 million in 2024 [58][59]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2024 Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File No.: 000-51826 MERCER INTERNATIONAL INC. (Exact name of Registrant as specified in its charter) Washington 47-0956945 Securities regis ...

EXHIBIT 99.1 For Immediate Release MERCER INTERNATIONAL INC. REPORTS FIRST QUARTER 2024 RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.075 Selected Highlights NEW YORK, NY, May 9, 2024 ‑ Mercer International Inc. (Nasdaq: MERC) today reported first quarter 2024 Operating EBITDA of $63.6 million, an increase from $27.5 million in the same quarter of 2023 and $21.1 million in the fourth quarter of 2023. In the first quarter of 2024, net loss was $16.7 million (or $0.25 per share), which included a non-ca ...

Selected Highlights First quarter Operating EBITDA* of $63.6 million and net loss of $16.7 million Improving pulp markets and lower costs driving stronger EBITDA Quarterly cash dividend of $0.075 per share NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (NASDAQ:MERC) today reported first quarter 2024 Operating EBITDA of $63.6 million, an increase from $27.5 million in the same quarter of 2023 and $21.1 million in the fourth quarter of 2023. In the first quarter of 2024, net loss was $16 ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...

Mercer International Inc. (NASDAQ:MERC) Q4 2023 Earnings Call Transcript February 16, 2024 10:00 AM ET Company Participants Richard Short - CFO & Secretary Juan Carlos Bueno - President & CEO Conference Call Participants Hamir Patel - CIBC Capital Markets Richard Stevens - Amundi USA Kasia Trzaski Kopytek - TD Securities Sam McGovern - UBS Operator Good morning and welcome to the Mercer International's Fourth Quarter 2023 Earnings Conference Call. On the call today is Juan Carlos Bueno, Mercer's President a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No.: 000-51826 MERCER INTERNATIONAL INC. (Exact name of Registrant as specified in its charter) Washington 47-0956945 of incorporation or organization) Sui ...

Mercer International Inc. (NASDAQ:MERC) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Richard Short - Chief Financial Officer Juan Carlos Bueno - President and Chief Executive Officer Conference Call Participants Hamir Patel - CIBC Capital Markets Matthew McKellar - RBC Capital Markets Sam McGovern - UBS Group AG Operator Good morning, and welcome to Mercer International’s Third Quarter 2023 Earnings Conference Call. On the call today is Juan Carlos Bueno, Mercer’s Presi ...