Mercer International reports Q2, 2024 net loss of $67.6 million

By Mercer International Inc.
Yahoo Finance
August 8, 2024
Category: Finance & Economics
Region: Canada, International

NEW YORK — Mercer International reported second quarter 2024 results. …Highlights include: second quarter sales of $499 million, down from $553 million in Q1, 2024; Operating EBITDA of $30.4 million, an increase from negative Operating EBITDA of $68.7 million in the same quarter of 2023; Net loss was $67.6 million, which included a non-cash impairment of $34.3 million against goodwill related to the Torgau facility, compared to a net loss of $98.3 million in the second quarter of 2023, which included a non-cash loss on disposal of $23.6 million related to the dissolution of the Cariboo Pulp and Paper  joint venture. …Mr. Juan Carlos Bueno, CEO, stated: “The second quarter was another improved quarter for our pulp segment as we continued to benefit from strengthening markets.  In the second quarter, pulp prices continued to improve in all key markets due to strengthening demand and supply-side disruption. 

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