logo
Twitter
Discord
Email
logo
Mercer International Inc.

Mercer International Inc.

NASDAQ•MERC
CEO: Mr. Juan Carlos Bueno
Sector: Basic Materials
Industry: Paper, Lumber & Forest Products
Listing Date: 1988-07-20
Mercer International Inc., together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills. The company also manufactures, distributes, and sells lumber, cross-laminated timber, finger joint lumber, glue-laminated timber, wood pallets, electricity, biofuels, and wood residuals. In addition, it generates and sells green energy produced from biomass cogeneration power plant to third party. Further, it produces and sells NBSK pulp manufactured from softwood; green energy using carbon-neutral biofuels, such as black liquor and wood waste; tall oil from black liquor for use as a chemical additive and green energy source; bio extractives and biomaterials, including lignin, turpentine, cellulose filaments, and sandalwood oil; and biofuels; as well as provides transportation and logistics services. The company sells its pulp to pulp markets, integrated paper and paperboard manufacturers; and lumber products to distributors, construction firms, secondary manufacturers, retail yards, and home centers. Mercer International Inc. was founded in 1968 and is headquartered in Vancouver, Canada.
Contact Information
700 West Pender Street, Suite 1120, Vancouver, BC, V6C 1G8, Canada
604-684-1099
www.mercerint.com
Market Cap
$186.88M
P/E (TTM)
-1.1
19.3
Dividend Yield
5.4%
52W High
$8.28
52W Low
$1.48
52W Range
19%
Rank49Top 66.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$458.07M-8.78%
4-Quarter Trend

EPS

-$1.21+364.23%
4-Quarter Trend

FCF

-$60.07M+45.77%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Lumber Revenue Rises 21% Lumber revenues increased 21% to $192.7M for nine months, driven by higher sales realizations in U.S. and Europe.
Adequate Liquidity Maintained Total liquidity stands at $376.1M including $98.1M cash; debt covenants remain in full compliance as of September 30.
Pulp Production Remains Flat Total pulp production was flat at 1.37M ADMTs for nine months, despite significant planned and unplanned downtime events.

Risk Factors

Net Loss Significantly Widens Nine month net loss reached $(189.2M), substantially worse than $(101.8M) loss reported in the prior comparable period.
Pulp Pricing Remains Weak Expect pulp prices (NBSK/NBHK) to remain weak throughout Q4 2025 due to weak demand and global trade uncertainty.
Inventory Impairment Recorded Recorded $31.4M inventory impairment charge for nine months due to ongoing low pulp prices impacting raw material valuation.
Foreign Exchange Headwinds Impact Negative $19.7M foreign exchange impact on operating loss for nine months resulting from a weaker USD versus Euro.

Outlook

Fiber Costs Expected Higher Expect per unit fiber costs to increase in Q4 2025 due to continued supply constraints and strong competing demand for pellets.
Lumber Prices Forecast Modest Rise Expect modest lumber price increases in Europe and slight rise in U.S. during the fourth quarter of 2025.
Capital Expenditures Reduced Reduced planned fiscal 2025 capital expenditures to between $90.0M to $100.0M range based on current expectations.
Quarterly Dividend Suspended Quarterly dividend was suspended in August 2025 due to capital allocation prudence amid market and trade uncertainties.

Peer Comparison

Revenue (TTM)

Mercer International Inc.MERC
$1.91B
-5.8%
Lavoro LimitedLVRO
$1.75B
-3.7%
American Vanguard CorporationAVD
$530.07M
-4.3%

Gross Margin (Latest Quarter)

American Vanguard CorporationAVD
28.7%
+14.1pp
Smith-Midland CorporationSMID
26.8%
-1.0pp
Lavoro LimitedLVRO
15.6%
+3.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SMID$194.47M16.525.0%5.5%
MERC$186.88M-1.1-41.2%68.5%
FF$148.05M-4.3-18.7%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.1%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 12, 2026
|
EPS:-
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $458.07M-8.8%
    |
    EPS: $-1.21+364.2%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 31, 2025|
    Revenue: $453.52M-9.2%
    |
    EPS: $-1.29+27.7%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 1, 2025|
    Revenue: $506.97M-8.4%
    |
    EPS: $-0.33+32.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 20, 2025|
    Revenue: $2.04B+2.5%
    |
    EPS: $-1.27+65.2%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $502.14M+6.7%
    |
    EPS: $-0.26-33.3%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $499.38M-5.8%
    |
    EPS: $-1.01-31.8%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 9, 2024|
    Revenue: $553.43M+5.9%
    |
    EPS: $-0.25-45.7%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 15, 2024|
    Revenue: $1.99B-12.6%
    |
    EPS: $-3.65-197.6%
    Miss