Company Overview - Albany International's market capitalization is $2 billion[13] - The company's 2024 revenue reached $1.231 billion[13] - Adjusted EBITDA for 2024 was $232 million[13] - The company's net debt in 2024 was $203 million[13] Machine Clothing (MC) Segment - The MC segment holds approximately 37% of the global paper machine clothing market share[63, 65] - Machine Clothing adjusted EBITDA margin is approximately 37% including Heimbach acquisition[83] - The Heimbach Group acquisition broadens the manufacturing footprint and enhances the sales and service network[81] Albany Engineered Composites (AEC) Segment - The AEC segment is focused on technology differentiation and maximizing customer solutions[101] - The company is investing in next-generation technologies for future growth in the AEC segment[97] Financial Performance & Strategy - The company's strategy for continued growth includes serving vital industries and solid execution[9] - The company's capital deployment is primarily focused on organic growth[37]

10 June 2025 | 3:34PM BRT Pulp & Paper Monthly Tracker — May 2025 This monthly report includes charts and tables with key global data points for the pulp and paper sector. We track information from different data providers for both up- and downstream products across the supply chain, including inventories, production, apparent consumption and prices. Key highlights of the month: Marcio Farid +55(11)3371-4580 | marcio.farid@gs.com Goldman Sachs do Brasil CTVM S.A. Henrique Marques +55(11)3371-0778 | henrique ...

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today May 12th:Suzano (SUZ) : This company which is a producer of eucalyptus pulp as well as paper producers, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days.Suzano has a PEG ratio of 0.08 compared with 0.32 for the industry. The company possesses a Growth Score of A.Great Lakes Dredge & Dock (GLDD) This comp ...

Transforming biomass into bioproducts for a more sustainable world Q1 2025 Earnings Call May 2, 2025 Juan Carlos Bueno – President & CEO Richard Short – CFO, Executive VP & Secretary Mercer International Inc. Forward-looking Statements The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this presentation contains statements that are forward-looking, such as statements relating to results of operations and financial con ...

Mercer International (MERC) Q1 2025 Earnings Call May 02, 2025 10:00 AM ET Company Participants Richard Short - CFO & SecretaryJuan Carlos Bueno - President, CEO & DirectorSandy Burns - MD & Head - High Yield ResearchSean Steuart - Managing DirectorMatt McKellar - Vice President Conference Call Participants Cole Hathorn - Senior Vice President- Equity Research AnalystRoger Spitz - AnalystJim Cox - Senior MD, Credit Analyst, Fixed Income Research Operator Good morning, and welcome to Mercer's International F ...

Financial Data and Key Metrics Changes - The company's EBITDA for Q1 2025 was $47 million, a significant decrease from $99 million in Q4 2024, primarily due to 22 days of planned maintenance downtime at the Celgar mill, which adversely impacted EBITDA by approximately $30 million [3][11] - The consolidated net loss for Q1 2025 was $22 million, or $0.33 per share, compared to a net income of $17 million, or $0.25 per share in Q4 2024 [11] - Cash consumption in Q1 was about $3 million, a decrease from $54 million in Q4 2024, with a net working capital increase of roughly $23 million due to seasonal movements [11][12] Business Segment Data and Key Metrics Changes - The pulp segment contributed an EBITDA of $50 million in Q1 2025, while the solid wood segment's EBITDA was essentially breakeven [4] - Pulp sales volumes increased by 26,000 tonnes to 478,000 tonnes in Q1, attributed to the timing of sales despite the planned downtime [6] - Lumber production reached a near-record 128 million board feet in Q1, up 12% from Q4, with sales volumes also hitting a new record at 131 million board feet, up about 6% from Q4 [8][9] Market Data and Key Metrics Changes - MBSK prices in Europe averaged $15.50 per ton in Q1, an increase of $50 from Q4, while North American MBSK prices averaged $17.53 per ton, up $66 from Q4 [4][5] - In China, the MBSK net price was $793 per tonne, an increase of $26 from Q4, while hardwood sales realizations were flat due to offsetting price changes in North America [5] - The North American MBHT average price was $12.68, down $30 from Q4, indicating mixed pricing trends across different markets [6] Company Strategy and Development Direction - The company is targeting a $100 million improvement in operational efficiency and cost savings by the end of 2026 compared to 2024, alongside a $20 million reduction in inventories and capital expenditures in 2025 [17] - The company is focusing on maximizing mill operating rates and generating cash to reduce debt, with a strong emphasis on improving asset reliability across all businesses [24][25] - The mass timber operations are expected to grow, with the company confident in its ability to capture market growth due to its significant production capacity and broad product offerings [30][37] Management's Comments on Operating Environment and Future Outlook - Management noted that the weakening U.S. dollar could enhance purchasing power for U.S.-sourced fiber, while also indicating potential modest fiber cost inflation and lower energy sales prices in Q2 [20][21] - The company anticipates stable demand for softwood pulp in the mid-term, with upward pricing pressure expected due to reduced supply [22][23] - Management expressed concerns about global economic uncertainty impacting buying patterns and pricing, particularly in China, but remains optimistic about the long-term outlook for softwood pulp [20][23] Other Important Information - The company plans for major maintenance shutdowns throughout the year, with a total of 79 days of planned downtime compared to 57 in 2024 [34] - A quarterly dividend of $0.75 per share has been approved for shareholders of record on June 26, 2025 [12] - The company is committed to its 2030 carbon reduction targets and believes its products will play a significant role in addressing climate change [38][39] Q&A Session Summary Question: Can you elaborate on the secondary effects related to tariffs? - Management explained that secondary effects include the weakening U.S. dollar impacting costs and a slowdown in demand in China, which has put pressure on prices, particularly hardwood [44] Question: What is the outlook for pulp prices in Q2? - Management indicated that they expect more positive than negative impacts on pulp prices in Q2 compared to Q1, despite some recent softness in lumber prices [47] Question: Can you provide context on the $100 million cost savings objectives? - Management detailed that the cost reduction program targets various operational aspects, with expectations to capture $40 to $50 million in savings by 2025 [52] Question: How would meaningful Section 232 tariffs impact lumber markets? - Management noted that Canadian lumber would become less competitive due to countervailing duties, which would favor their products from Germany [64] Question: Are there any changes in order patterns from pulp customers? - Management reported no significant changes in order patterns in Europe or North America, although there is some caution in China [106]

Core Insights - Mercer International Inc. reported a significant decline in Operating EBITDA for Q1 2025, amounting to $47.1 million, down from $63.6 million in Q1 2024 and $99.2 million in Q4 2024 [2][14] - The company experienced a net loss of $22.3 million in Q1 2025, compared to a net loss of $16.7 million in Q1 2024 and a net income of $16.7 million in Q4 2024 [2][41] - The decline in financial performance was attributed to planned maintenance downtime at the Celgar mill and the impact of a weaker dollar against the euro [3][14] Financial Performance - Total revenues for Q1 2025 decreased by approximately 8% to $507.0 million from $553.4 million in Q1 2024, primarily due to lower pulp sales volumes [12] - Costs and expenses decreased by approximately 10% to $500.2 million in Q1 2025 from $553.9 million in Q1 2024, influenced by lower pulp sales volumes and a stronger dollar [13] - The pulp segment's revenues decreased by approximately 12% to $381.1 million in Q1 2025 from $432.4 million in Q1 2024, mainly due to lower pulp revenues [18] Market Conditions - The pulp market showed continued strength, with third-party softwood pulp list prices increasing due to stable demand and global supply constraints [6] - Lumber sales realizations increased in both the U.S. and Europe during Q1 2025, driven by reduced supply and steady demand [7] - However, the company anticipates a modest decrease in lumber prices in the U.S. in Q2 2025 due to economic impacts on customer demand [7] Operational Insights - The company is implementing cost reduction initiatives targeting approximately $100 million in savings by the end of 2026 [5] - Planned maintenance downtime at the Celgar mill impacted production volumes, with 22 days of downtime in Q1 2025 [9][23] - The company expects to reduce inventories by $20 million in 2025 and has cut expected capital expenditures by $20 million [5] Segment Performance - The pulp segment's Operating EBITDA decreased by approximately 27% to $49.9 million in Q1 2025 from $68.5 million in Q1 2024, primarily due to higher planned maintenance downtime [17] - Lumber revenues increased by approximately 17% to $65.4 million in Q1 2025 from $55.9 million in Q1 2024, attributed to higher sales realizations and volumes [29] - The solid wood segment's revenues modestly increased to $122.7 million in Q1 2025 from $119.0 million in Q1 2024, driven by higher lumber and manufactured products revenues [28] Liquidity and Capital Structure - As of March 31, 2025, the company had cash and cash equivalents of $181.5 million and total liquidity of approximately $470.7 million [33] - Total assets increased to $2.34 billion as of March 31, 2025, compared to $2.26 billion at the end of 2024 [33] - The company declared a quarterly dividend of $0.075 per share, to be paid on July 3, 2025 [35]