Mercer International Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:30 pm EDT
Share
Mercer International Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 470.82 million compared to USD 532.81 million a year ago. Net loss was USD 25.96 million compared to net income of USD 66.75 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to basic earnings per share from continuing operations of USD 1.01 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to diluted earnings per share from continuing operations of USD 1 a year ago.
For the nine months, sales was USD 1,523.35 million compared to USD 1,697.88 million a year ago. Net loss was USD 154.84 million compared to net income of USD 227.02 million a year ago. Basic loss per share from continuing operations was USD 2.33 compared to basic earnings per share from continuing operations of USD 3.43 a year ago. Diluted loss per share from continuing operations was USD 2.33 compared to diluted earnings per share from continuing operations of USD 3.41 a year ago.
Mercer International Inc. is a global forest products company. The Companyâs segments include Pulp and Wood Products. The Company's four pulp mills and its 50% interest in the Cariboo pulp mill are aggregated into the pulp segment. Its wood segment includes the Friesau sawmill, the Torgau facility, and the Mercer Mass Timber facility. It owns a cross-laminated timber (CLT) facility located in Spokane, Washington called Mercer Mass Timber LLC. It produces electrical and thermal energy from biomass byproducts. Its products include pulp products, timber products, mass timber, green energy, bio extractives and biomaterials, biofuels, pallets, wood and transport services, and logistic services. Its operations include Mercer Celgar, Mercer Forestry Services, Mercer Holz, Mercer Logistik, Mercer Mass Timber, Mercer Peace River, Cariboo Pulp & Paper, Mercer Timber Products and Santanol. It also owns production facilities located in Conway, Arkansas and in Penticton, British Columbia, Canada.