NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ:MERC) will release its first quarter results for the period ending March 31, 2025 on Thursday, May 1, 2025, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, May 2, 2025, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over the Internet thro ...

Mercer International Inc. (NASDAQ:MERC) Q4 2024 Earnings Conference Call February 21, 2025 10:00 AM ET Company Participants Richard Short - Chief Financial Officer and Secretary Juan Carlos Bueno - President and Chief Executive Officer Conference Call Participants Sean Steuart - TD Cowen Matthew McKellar - RBC Capital Markets Hamir Patel - CIBC Capital Markets Sanford Burns - Stifel Nicolaus Cole Hathorn - Jefferies Operator Good morning. And welcome to Mercer International's Fourth Quarter 2024 Earnings Co ...

EXHIBIT 99.1 For Immediate Release MERCER INTERNATIONAL INC. REPORTS FOURTH QUARTER 2024 AND YEAR END 2024 RESULTS AND ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.075 Selected Highlights NEW YORK, NY, February 20, 2025 ‑ Mercer International Inc. (Nasdaq: MERC) today reported fourth quarter 2024 Operating EBITDA of $99.2 million, an increase from $21.1 million in the same quarter of 2023 and $50.5 million in the third quarter of 2024. In the fourth quarter of 2024, net income was $16.7 million ($0.25 per share) ...

Financial Performance - As of December 31, 2024, the company reported long-lived assets of $1,304.5 million, with depreciation and amortization recorded at $170.8 million for the year [451]. - The company recognized an impairment against all of the goodwill in 2024 due to the fair value of the Torgau facility being less than its carrying value, primarily influenced by weakness in the lumber, pallet, and biofuels markets in Europe [450]. - The company’s net periodic pension and other post-retirement benefit cost for 2024 was $1.3 million, reflecting various actuarial estimates [458]. - The company has revenues from long-term contracts recognized over the contract term, with revenue and cost estimates reviewed quarterly [466][467]. - The company recognizes revenue as costs are incurred for long-term contracts, which may significantly impact reported revenue [466]. Assets and Liabilities - The company’s pension and other post-retirement benefit obligations totaled $91.6 million as of December 31, 2024, with accumulated pension plan assets valued at $89.1 million [458]. - As of December 31, 2024, the company reported a net deferred income tax liability of $57.0 million, with deferred income tax assets net of a $81.8 million valuation allowance [463]. - A one-percentage point increase in the discount rate would decrease the 2024 net periodic benefit cost by $292, while a decrease would increase it by $351 [462]. - Contingent liabilities are disclosed when there is a reasonable possibility of loss, with assessments based on historical experience and legal counsel recommendations [471][472]. Market Conditions - The dollar was approximately 6% stronger against the euro and 8% stronger against the Canadian dollar as of December 31, 2024, compared to the previous year [440]. - The average exchange rate for the euro during 2023 was $1.0817, while the average for the Canadian dollar was $0.7412 [19]. - Changes in market conditions or tax planning opportunities may lead to adjustments in the valuation allowance for deferred income tax assets [465]. Accounting and Estimates - The company’s financial statements are prepared in accordance with GAAP, requiring management to make subjective judgments and estimates that could materially affect reported results [445]. - The company has incorporated information from various sources regarding market share and industry data, although the accuracy of this information is not guaranteed [14]. - The valuation of inventories is based on the lower of cost or net realizable value, requiring judgment on current and expected selling prices [468]. - Assets classified as held for sale are measured at the lower of carrying amount and fair value less cost to sell, with fair value estimates sensitive to market conditions [470]. - The company assesses the realizability of deferred income tax assets at each reporting period, considering both positive and negative evidence [463]. - The company applies judgment in estimating costs to complete long-term contracts, influenced by various economic factors [466]. - The company’s management estimates production capacity based on historical levels and maintenance downtime, which may affect future operational results [15].

Selected Highlights Fourth quarter Operating EBITDA* increased to $99.2 million (net income of $16.7 million) from $50.5 million (net loss of $17.6 million) in the third quarter of 2024Full year 2024 Operating EBITDA increased to $243.7 million (net loss of $85.1 million) from $17.5 million (net loss of $242.1 million) in 2023Refinanced our former 2026 Senior Notes, extending the maturity of our earliest senior notes to 2028, and decreased our long-term debt by over $100.0 million using cash on handQuarterl ...

NEW YORK, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its fourth quarter results for the period ending December 31, 2024 on Thursday, February 20, 2025, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, February 21, 2025, at 10:00 am ET to discuss the results. The conference call will be available to interested parties live over t ...

Company Overview - Mercer International Inc. is a global forest products company with operations in Germany, the United States, and Canada [2] - The company has a consolidated annual production capacity of 2.1 million tonnes of pulp, 960 million board feet of lumber, 210,000 cubic meters of cross-laminated timber, 45,000 cubic meters of glulam, 17 million pallets, and 230,000 metric tonnes of biofuels [2] Upcoming Events - Juan Carlos Bueno, President and CEO, and Richard Short, CFO & Secretary, will present at the 28th Annual CIBC Western Institutional Investor Conference from January 22 to January 24, 2025 [1] - The fireside chat is scheduled for 11:40 a.m. PST on January 22, 2025 [1]

Group 1 - The article emphasizes the enduring significance of paper in business despite the rise of digital alternatives [2] - The author expresses a strong interest in the industrial sector, highlighting its historical importance and operational performance [2] - The motivation behind sharing investment philosophies is to provide valuable insights to readers, particularly in the context of industrial companies [2] Group 2 - The author has a beneficial long position in the shares of a specific company, indicating a personal investment interest [1] - The article does not provide specific investment recommendations or advice, maintaining a neutral stance on investment suitability [3]

Mercer International TodayMERCMercer International$6.45 +0.07 (+1.10%) 52-Week Range$5.33▼$11.20Dividend Yield4.65%Price Target$9.13Add to WatchlistMercer International NASDAQ: MERC is an enticing stock for small-cap investors. It pays a quarterly dividend worth 4.55% in annualized yield and trades at rock-bottom prices in late 2024. The rock bottom is a critical support level that has been in place and retested numerous times for over 15 years, limiting the downside risk. The risk of lower prices is also ...

Financial Data and Key Metrics Changes - Operating EBITDA for Q3 2024 totaled $50 million, an increase from $30 million in Q2 2024, driven by fewer planned maintenance days [5][11] - Consolidated net loss for Q3 was $18 million or $0.26 per share, compared to a net loss of $68 million or $1.01 per share in Q2 [16] - Cash consumption in Q3 was approximately $24 million, up from $11 million in Q2, with liquidity position totaling $554 million, a decrease of $26 million from Q2 [17] Business Segment Data and Key Metrics Changes - Pulp segment contributed EBITDA of $55 million, while Solid Wood segment had a negative EBITDA of $2 million [6] - Lumber production for Q3 was 122 million board feet, a 10% increase from Q2, while lumber sales volumes were 109 million board feet, down 7% from Q2 [13] - Total production volume in Q3 was 416,000 tonnes, slightly down from Q2 due to unrelated production issues [10] Market Data and Key Metrics Changes - North American NBSK list price averaged $1,762 per tonne in Q3, an increase of $65 from Q2, while the average NBSK net price in China was $771 per tonne, down $40 from Q2 [7][8] - Hardwood prices in China decreased, with Q3 hardwood sales realizations at $632 per tonne, a decrease of $69 from Q2 [8] - The average price gap in China between softwood and hardwood pulp increased to about $140 in Q3 [8] Company Strategy and Development Direction - The company is focused on debt reduction as a key part of its capital allocation strategy, with a target of reaching a net debt to EBITDA ratio of about 2.5 times [47][49] - Investment in operations was approximately $27 million in Q3, with planned capital spending for 2024 expected to be between $95 million and $120 million [24] - The company aims to expand into green chemicals and products compatible with the circular economy, emphasizing sustainable alternatives to fossil fuel-based products [41][43] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding lumber demand and pricing in Q4 and into 2025, anticipating improvements due to reduced supply and stronger demand [32][44] - The company expects strong operating results from the Pulp segment in Q4 and into 2025, despite challenges in the Solid Wood segment due to weak economic conditions [44] - Management noted that unplanned downtime in Q3 negatively impacted production but emphasized that operational challenges were unrelated [20][28] Other Important Information - The company has reduced the principal balance of its senior note debt by $100 million through refinancing [18] - A quarterly dividend of $0.075 per share has been approved for shareholders of record on December 18, 2024 [19] - The company is well-prepared for potential disruptions from strikes at BC ports, having arranged alternative logistics [73][74] Q&A Session Summary Question: Deleveraging targets and asset sales - Management emphasized a focus on debt reduction and mentioned progress in the sale process of Santanol as a potential source of cash [46][48] Question: Long-term debt targets - The company aims for a net debt to EBITDA ratio of about 2.5 times in the long term [49] Question: Impact of potential U.S. tariffs on lumber imports - Management is monitoring the situation closely and believes they can adapt to changes in market conditions [50][52] Question: Competitive environment for mass timber projects - Management noted that mass timber is gaining traction and expects continued growth, despite current interest rate challenges [56][58] Question: Regional differences in lumber demand - The U.K. market has shown recovery, while overall demand in Europe is improving [64] Question: Fiber costs and sourcing strategies - Fiber costs have remained flat, with strategic sourcing from the U.S. helping to mitigate higher costs in Canada [66][68]