Mercer International Inc. Files Q3 2024 10-Q
Ticker: MERC · Form: 10-Q · Filed: Oct 31, 2024 · CIK: 1333274
| Field | Detail |
|---|---|
| Company | Mercer International Inc. (MERC) |
| Form Type | 10-Q |
| Filed Date | Oct 31, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, pulp-mills
TL;DR
Mercer Intl Q3 10-Q filed. Financials and ops update.
AI Summary
Mercer International Inc. filed its 10-Q for the period ending September 30, 2024. The company, operating in the pulp mills sector, reported its financial performance for the third quarter. Key financial details and operational updates are provided in this filing.
Why It Matters
This filing provides investors with an update on Mercer International's financial health and operational performance for the third quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — As a publicly traded company in the manufacturing sector, Mercer International is subject to market fluctuations and operational risks inherent in the pulp and paper industry.
Key Numbers
- Q3 — Quarterly Period (Reporting period for this 10-Q filing.)
- 1231 — Fiscal Year End (Indicates the end of the company's fiscal year.)
Key Players & Entities
- MERCER INTERNATIONAL INC. (company) — Filer
- 20240930 (date) — Period of Report
- 20241031 (date) — Filing Date
- PULP MILLS [2611] (industry) — Standard Industrial Classification
FAQ
What is the primary business of Mercer International Inc.?
Mercer International Inc. is primarily involved in the pulp mills sector, as indicated by its Standard Industrial Classification code [2611].
For what period is this 10-Q filing reporting?
This 10-Q filing is reporting for the period ended September 30, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on October 31, 2024.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is Mercer International Inc.'s Central Index Key (CIK)?
Mercer International Inc.'s Central Index Key is 0001333274.
Filing Stats: 4,517 words · 18 min read · ~15 pages · Grade level 15.2 · Accepted 2024-10-31 16:34:11
Key Financial Figures
- $1.00 — ch registered Common Stock, par value $1.00 per share MERC NASDAQ Global Select
Filing Documents
- merc-20240930.htm (10-Q) — 2964KB
- merc-ex31_1.htm (EX-31.1) — 15KB
- merc-ex31_2.htm (EX-31.2) — 15KB
- merc-ex32_1.htm (EX-32.1) — 10KB
- merc-ex32_2.htm (EX-32.2) — 7KB
- 0000950170-24-119586.txt ( ) — 12101KB
- merc-20240930.xsd (EX-101.SCH) — 1356KB
- merc-20240930_htm.xml (XML) — 2779KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS MERCER INTERNATIONAL INC. INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024 (Unaudited) FORM 10-Q QUARTERLY REPORT - PAGE 2 MERCER INTERNATIONAL INC. INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In thousands of U.S. dollars, except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Revenues $ 502,141 $ 470,821 $ 1,554,955 $ 1,523,350 Costs and expenses Cost of sales, excluding depreciation and amortization 422,598 403,267 1,320,000 1,430,805 Cost of sales depreciation and amortization 41,546 40,884 121,773 128,485 Selling, general and administrative expenses 29,156 30,096 90,646 96,439 Loss on disposal of investment in joint venture — — 23,645 — Goodwill impairment — — 34,277 — Operating income (loss) 8,841 ( 3,426 ) ( 35,386 ) ( 132,379 ) Other income (expenses) Interest expense ( 26,429 ) ( 21,863 ) ( 80,831 ) ( 61,001 ) Other income (expenses) ( 91 ) 3,317 9,147 9,689 Total other expenses, net ( 26,520 ) ( 18,546 ) ( 71,684 ) ( 51,312 ) Loss before income taxes ( 17,679 ) ( 21,972 ) ( 107,070 ) ( 183,691 ) Income tax recovery (provision) 120 ( 3,984 ) 5,222 28,851 Net loss $ ( 17,559 ) $ ( 25,956 ) $ ( 101,848 ) $ ( 154,840 ) Net loss per common share Basic $ ( 0.26 ) $ ( 0.39 ) $ ( 1.53 ) $ ( 2.33 ) Diluted $ ( 0.26 ) $ ( 0.39 ) $ ( 1.53 ) $ ( 2.33 ) Dividends declared per common share $ 0.075 $ 0.075 $ 0.225 $ 0.225 INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (In thousands of U.S. dollars) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net loss $ ( 17,