The earnings call highlighted positive developments such as price increases in North American NBSK and Solid Wood segments, progress in cost-saving initiatives, and strong liquidity. However, these were overshadowed by negative EBITDA, challenges in the Pulp segment, increased fiber costs, a significant net loss, dividend suspension, and the impact of trade uncertainty.

Company Guidance

During Mercer International's Second Quarter 2025 Earnings Conference Call, it was reported that the company experienced a negative EBITDA of $21 million, a significant drop from Q1's positive EBITDA of $47 million. The decline was attributed to a $26 million negative foreign exchange impact due to a weaker U.S. dollar, $8 million from lower pulp prices in China, and an $11 million non-cash hardwood inventory impairment. Segment-wise, the Pulp segment recorded negative EBITDA of $10 million, while the Solid Wood segment had a negative EBITDA of $5 million. Pulp sales volumes decreased to 427,000 tonnes, a reduction of 51,000 tonnes from Q1, primarily due to weak Chinese demand. The NBSK net price in China fell to $734 per tonne, while the North American NBSK list price rose to $1,820 per tonne. Meanwhile, Mercer reported a consolidated net loss of $86 million, or $1.29 per share, compared to a $22 million net loss, or $0.33 per share, in Q1. The call emphasized the company's One Goal, One Hundred initiative aimed at achieving $100 million in cost savings by the end of 2026, with $5 million already realized in Q2. Despite the challenges, Mercer maintained a strong liquidity position with $438 million, including $146 million in cash and $292 million in undrawn revolvers.

North American NBSK Price Increase

The North American NBSK list price averaged $1,820 per tonne in Q2, an increase of $67 from Q1.

Solid Wood Segment Price Increase

Realized lumber prices increased about 10% in the second quarter compared to the first quarter due to higher realized prices in the European market.

One Goal, One Hundred Program Progress

The company achieved $5 million in cost savings with the One Goal, One Hundred program, aiming for $25 million in 2025 and $100 million by the end of 2026.

Strong Liquidity Position

The company ended Q2 with a strong liquidity position totaling $438 million, comprised of about $146 million in cash and $292 million of undrawn revolvers.

Positive Outlook for Mass Timber

Mass Timber operations are expected to see improved results going into 2026, with a backlog of projects valued at about $68 million.

Potential Carbon Capture Project

A carbon capture project at the Peace River mill could generate significant revenue, with potential government support covering a large portion of the capital costs.

Mercer International (MERC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MERC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	-0.73 / -	-0.26	―	―	―
Jul 31, 2025	2025 (Q2)	-0.96 / -1.29	-1.01	-27.72% (-0.28)
May 01, 2025	2025 (Q1)	-0.18 / -0.33	-0.25	-32.00% (-0.08)
Feb 20, 2025	2024 (Q4)	0.10 / 0.25	-1.31	119.08% (+1.56)
Oct 31, 2024	2024 (Q3)	-0.29 / -0.26	-0.39	33.33% (+0.13)
Aug 08, 2024	2024 (Q2)	-0.42 / -1.01	-1.48	31.76% (+0.47)
May 09, 2024	2024 (Q1)	-0.11 / -0.25	-0.46	45.65% (+0.21)
Feb 15, 2024	2023 (Q4)	-0.47 / -1.31	0.3	-536.67% (-1.61)
Nov 02, 2023	2023 (Q3)	-0.76 / -0.39	1	-139.00% (-1.39)
Aug 03, 2023	2023 (Q2)	-0.85 / -1.48	1.07	-238.32% (-2.55)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MERC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$3.71	$3.02	-18.60%
May 01, 2025	$4.12	$3.82	-7.28%
Feb 20, 2025	$6.37	$7.44	+16.80%
Oct 31, 2024	$6.24	$6.16	-1.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mercer International Inc (MERC) report earnings?

Mercer International Inc (MERC) is schdueled to report earning on Nov 06, 2025, After Close (Confirmed).

What is Mercer International Inc (MERC) earnings time?

Mercer International Inc (MERC) earnings time is at Nov 06, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MERC EPS forecast?

MERC EPS forecast for the fiscal quarter 2025 (Q3) is -0.73.

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