Mercer International (MERC) has released an update.
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Mercer International Inc. reported a significant increase in first quarter 2024 Operating EBITDA to $63.6 million, from $27.5 million year-over-year, amidst improving pulp markets and lowered costs. Despite this, the company faced a net loss of $16.7 million, partially due to a non-cash loss from the dissolution of the CPP joint venture. Additionally, shareholders can anticipate a quarterly cash dividend of $0.075 per share.
For further insights into MERC stock, check out TipRanks’ Stock Analysis page.