NASDAQ$MERC
Mercer International Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Mercer International Inc. reported record operating EBITDA and increased net income due to higher pulp and lumber sales realizations.
Mercer International Inc. reported a strong third quarter with record Operating EBITDA of $148.1 million and net income of $69.1 million, driven by higher pulp and lumber sales realizations. The company also started up its recently acquired cross-laminated timber facility in Spokane, Washington.
- Operating EBITDA increased to a record $148.1 million.
- Net income was $69.1 million (or $1.05 per basic share and $1.04 per diluted share).
- Started up recently acquired cross-laminated timber facility in Spokane, Washington.
- Pulp results were significantly improved over the second quarter due to less planned maintenance downtime and higher sales volumes.
Headline financials
Revenue & EPS history
Mercer · Revenue · Quarterly
$470M
Revenue by segment
Mercer · $399M total across 2 segments · Q3 2021
- Pulp Segment$397M+44.3%99.4%
- Corporate and Other$2.28M+92.9%0.6%
Forward guidance
Looking ahead to the fourth quarter, the company expects steady NBSK pulp demand in Europe but a weakening market in China. For hardwood pulp, they expect negative pricing pressure. In the solid wood segment, they expect lumber demand to remain steady with modest price improvements in the U.S. and downward price pressure in Europe.
Tailwinds
- Generally steady NBSK pulp demand in Europe.
- Lumber demand to remain steady in all markets.
- Continued modest price improvements in the U.S. market for lumber.
- Logistics issues are expected to be resolved over the coming months.
- Capital projects are designed to deliver high returns and help achieve ESG objectives.
Headwinds
- Weakening market in China for NBSK pulp.
- Negative pricing pressure for hardwood pulp due to incremental supply.
- Downward price pressure in the European market for lumber.
- Expected increase in fiber prices in Canada due to reduced wood harvesting.
- Expected increase in fiber costs for pulp mills in Germany due to lower wood chip availability.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+0.3%
Avg return
Earnings day
-1.2%
Avg return
5 days after
-1.7%
Avg return
30 days after
44%
28 / 64 earnings
Positive
+24.5%
Q4 2015
Best reaction
-15.5%
Q1 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.6% | -26.9% | -24.3% | |
| Q3 2025 | -6.9% | -6.3% | -11.7% | |
| Q1 2025 | -7.3% | -20.0% | -15.0% | |
| Q4 2024 | +16.9% | +22.8% | -1.1% | |
| Q3 2024 | -0.2% | -2.3% | -4.3% | |
| Q2 2024 | +6.6% | +0.8% | -12.6% | |
| Q1 2024 | -2.4% | -3.3% | -17.2% | |
| Q4 2023 | +9.1% | +7.7% | +20.4% | |
| Q3 2023 | +22.4% | +19.3% | +23.4% | |
| Q2 2023 | +7.1% | -4.9% | +7.1% | |
| Q1 2023 | -5.1% | -3.6% | -6.7% | |
| Q4 2022 | -2.4% | -5.6% | -17.8% | |
| Q3 2022 | -4.7% | -11.6% | -3.4% | |
| Q2 2022 | +0.0% | -5.4% | +1.8% | |
| Q1 2022 | +1.4% | +3.5% | -5.4% | |
| Q4 2021 | +1.4% | +4.6% | +11.0% | |
| Q3 2021 | +2.2% | +0.3% | +5.7% | |
| Q2 2021 | -0.3% | +0.9% | +0.4% | |
| Q1 2021 | -3.8% | -5.8% | -13.4% | |
| Q4 2020 | -4.8% | -2.2% | +5.9% | |
| Q3 2020 | +6.8% | +16.5% | +39.9% | |
| Q2 2020 | -6.9% | -10.5% | +6.0% | |
| Q1 2020 | -2.9% | -13.9% | -16.1% | |
| Q4 2019 | -5.5% | -4.5% | -30.8% | |
| Q3 2019 | +3.4% | +6.9% | +1.9% | |
| Q2 2019 | -5.4% | -10.6% | -7.6% | |
| Q1 2019 | +23.8% | +23.8% | +2.0% | |
| Q4 2018 | -2.3% | -3.7% | -9.4% | |
| Q3 2018 | -8.0% | -13.0% | -30.8% | |
| Q2 2018 | +2.1% | +7.2% | +5.7% | |
| Q1 2018 | +1.5% | +7.1% | +20.6% | |
| Q4 2017 | +1.5% | -2.3% | -0.8% | |
| Q3 2017 | -2.4% | +2.8% | +0.0% | |
| Q2 2017 | -7.0% | -9.0% | -9.0% | |
| Q1 2017 | -2.0% | -5.2% | -7.6% | |
| Q4 2016 | +0.4% | +4.2% | +2.1% | |
| Q3 2016 | +1.9% | +1.3% | +23.2% | |
| Q2 2016 | -3.2% | -2.7% | +2.9% | |
| Q1 2016 | -12.8% | — | — | |
| Q4 2015 | +24.5% | — | — | |
| Q3 2015 | +1.7% | — | — | |
| Q2 2015 | -0.9% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | +11.4% | — | — | |
| Q2 2014 | +0.3% | — | — | |
| Q1 2014 | +8.3% | — | — | |
| Q4 2013 | +0.6% | — | — | |
| Q3 2013 | +5.6% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +0.5% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | -0.1% | — | — | |
| Q2 2012 | +7.2% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q1 2012 | +0.6% | — | — | |
| Q4 2009 | -0.3% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | -5.7% | — | — | |
| Q3 2010 | -5.7% | — | — | |
| Q2 2010 | -9.1% | — | — | |
| Q2 2011 | -9.1% | — | — | |
| Q4 2010 | -9.1% | — | — | |
| Q1 2010 | -15.5% | — | — |
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