Mercer(MERC)2024-10-31 20:32Revenue Performance - Total revenues increased to approximately $502.1 million in Q3 2024 from $470.8 million in Q3 2023[11] - Total revenues increased to approximately $1,555.0 million in the nine months ended September 30, 2024 from $1,523.4 million in the same period of 2023[12] Operating Income and EBITDA - Operating income was approximately $8.8 million in Q3 2024, compared to an operating loss of $3.4 million in Q3 2023[11] - Operating EBITDA was approximately $50.5 million in Q3 2024, compared to $37.5 million in Q3 2023[11] - Operating EBITDA was approximately $144.5 million in the nine months ended September 30, 2024, compared to negative Operating EBITDA of $3.7 million in the same period of 2023[12] - Operating EBITDA for the three months ended September 30, 2024, is preliminarily estimated at $50.5 million, up from $37.5 million in the same period in 2023[16] - Operating EBITDA for the nine months ended September 30, 2024, is preliminarily estimated at $144.5 million, compared to a loss of $3.7 million in the same period in 2023[16] Net Loss - Net loss was approximately $17.6 million in Q3 2024, compared to $26.0 million in Q3 2023[11] - Net loss was approximately $101.8 million in the nine months ended September 30, 2024, compared to $154.8 million in the same period of 2023[12] - Preliminary net loss for the three months ended September 30, 2024, is estimated at $17.6 million, compared to $26.0 million in the same period in 2023[16] - Preliminary net loss for the nine months ended September 30, 2024, is estimated at $101.8 million, compared to $154.8 million in the same period in 2023[16] Cash and Debt Position - Cash and cash equivalents were approximately $239.0 million as of September 30, 2024, compared to $314.0 million at the end of 2023[13] - Long-term debt was approximately $1,597.9 million as of September 30, 2024, compared to $1,609.4 million at the end of 2023[13] - Aggregate liquidity was $554.2 million as of September 30, 2024, including $315.2 million availability under credit facilities[13] Debt Redemption Plans - The company plans to redeem $300 million in principal amount of the 2026 Senior Notes, which bear interest at 5.500% per annum[18] - The 2026 Note Redemption will be conditioned upon the closing of the offering, with a redemption price of $1,000.00 per $1,000.00 in principal amount plus accrued and unpaid interest[18]