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Mercer International reports Q2 gains, announces dividend

Mercer International reported a second-quarter 2024 Operating EBITDA of $30.4 million, marking a recovery from a negative $68.7 million in the same period last year.

Despite this improvement, the company posted a net loss of $67.6 million, influenced by a $34.3 million goodwill impairment related to the Torgau facility.

Revenues fell by six per cent to $499.4 million, driven by lower pulp and lumber sales. However, strong pulp markets bolstered cash flows, enabling Mercer to reduce borrowings by $45 million. The company also declared a quarterly cash dividend of $0.075 per share.

Read the full report here.