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MERC-News
MERC-Events
Company Reports Q2 Revenue of $460.28M
Reports Q2 revenue $460.28M, two estimates $475.9M. Juan Carlos Bueno, Chief Executive Officer, stated: "Our pulp sales realizations remained steady this quarter, as continued economic uncertainty delayed market recovery. Our second quarter results were also weighed down by rising European fiber costs, driven by regional supply shortages and intense competition for sawmill residuals from energy producers. As a result, we recognized a non-cash impairment of $29.0 million primarily against pulp and fiber inventory."
Company Reports Q4 Revenue of $449.5M, Net Loss of $238.7M
Reports Q4 revenue $449.5M, consensus $456.68M. Q4 net loss included total non-cash impairments of $238.7M, including non-cash impairments of $203.5M recognized against long-lived assets at Peace River mill due to the continued down-cycle environment of hardwood pulp markets, $12.2M against certain obsolete equipment and $23.0M against pulp inventory due to low prices and high fiber costs. Juan Carlos Bueno, CEO, stated: "To address the challenging hardwood pulp environment that has weighed on our Peace River mill's results, we have engaged with all stakeholders and several initiatives have been underway. These include shifting production mix at the mill further towards softwood and engaging government on accretive opportunities surrounding energy and carbon capture. We are considering all options in respect of this asset. Despite the non-cash impairments and the challenging business climate, our underlying operational performance improved quarter-over-quarter, reflecting our focus on cost reduction and efficiency initiatives. These will remain a key focus in 2026."
Mercer reports Q2 EPS ($1.29), consensus (96c)
Reports Q2 revenue $453.52M, consensus $476.68M. Juan Carlos Bueno, CEO, stated: "Our operating results for the second quarter of 2025 reflect the impacts of ongoing uncertainties in the global trade environment coupled with the resulting weaker dollar. This challenging backdrop contributed to weaker demand for pulp in China during the quarter. The related depreciation of the dollar relative to the euro and Canadian dollar had a negative impact of approximately $26 million on our Operating EBITDA for the second quarter of 2025 compared to the first quarter. The second quarter also included an $11 million non-cash impairment on hardwood inventory at our Peace River mill stemming from lower hardwood prices in China because of weaker demand."
Mercer reports Q1 EPS (33c), consensus (19c)
Reports Q1 revenue $506.97M, consensus $505.47M. CEO Juan Carlos Bueno stated: "There was continued strength in pulp markets and an improving lumber pricing environment in the first quarter of 2025. However, our operating results in the quarter were negatively impacted by annual planned maintenance downtime at our Celgar mill and the impact of the weaker dollar against the euro. We continue to monitor ongoing developments relating to U.S. and international trade policies, including tariffs, countermeasures and countervailing duties. To date, our costs and revenues have not been materially impacted by these developments. However, we recognize the potential for indirect impacts of a weaker global economy on both demand and pricing for our products and the fiber supply of our mills... In this uncertain environment and to build resiliency through the economic cycle, we continue to implement cost reduction initiatives and operational efficiency measures targeting approximately $100M in savings by the end of 2026, compared to 2024. In addition, in 2025, we are targeting a reduction of inventories of $20M and have further reduced our expected capital expenditures for the year by $20M by focusing on maintenance and accretive projects that are expected to enhance operational reliability and value across our business."
Mercer reports Q4 EPS 25c, consensus 5c
Reports Q4 revenue $488.41M, consensus $497M. Juan Carlos Bueno, CEO, stated: "With strengthened pulp markets, our operating results for the year improved significantly. In the fourth quarter of 2024, softwood pulp prices remained strong, decreasing slightly from recent record prices. Our operating results in the quarter benefited from a stronger dollar and no planned maintenance downtime. As we move into the first quarter of 2025, we currently expect modestly higher softwood pulp sales realizations due to stable demand and continued global softwood supply constraints."
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