Quarterly ResultAug 6, 2026, 04:43 PM
Mercer Q2 Net Loss $76.0M; Operating EBITDA Negative $21.0M
AI Summary
Mercer International Inc. reported a Q2 2026 net loss of $76.0 million ($1.13 per share) and negative Operating EBITDA of $21.0 million, primarily due to rising European fiber costs and a $29.0 million non-cash inventory impairment. The company is implementing operational restructuring at its Torgau facility, including a workforce reduction of approximately 350 positions, and is actively evaluating strategic alternatives to address debt maturities and strengthen its capital structure.
Key Highlights
- Reported Q2 2026 net loss of $76.0 million ($1.13 per share) compared to $86.1 million in Q2 2025.
- Operating EBITDA was negative $21.0 million in Q2 2026, similar to negative $20.9 million in Q2 2025.
- Included a non-cash inventory impairment of $29.0 million in Q2 2026 due to low pulp prices and high fiber costs.
- Implementing operational restructuring at the Torgau facility, including a workforce reduction of approximately 350 positions.
- Actively evaluating strategic alternatives to address debt maturities, enhance liquidity, and strengthen capital structure.
- "One Goal One Hundred" program achieved $13.0 million in Q2 cost savings, totaling $54.0 million to date, targeting $100 million by year-end.
- Cash and cash equivalents were $78.8 million, with total liquidity of $191.7 million as of June 30, 2026.
- Q2 2026 revenues were $460.3 million, up from $453.5 million in the same period of 2025.
Price Impact
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