NASDAQ$MERC
Mercer International Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Mercer International Inc. reported record fourth quarter operating results driven by strong sales volumes, steady pulp and lumber pricing, and higher energy prices in Germany. The company also benefited from the settlement of a business interruption insurance claim.
Mercer International Inc. reported a strong fourth quarter with record Operating EBITDA of $164.9 million and net income of $74.5 million. The results were driven by strong sales volumes, steady pulp and lumber pricing, and higher energy prices.
- Fourth quarter net income was $74.5 million and Operating EBITDA was a record $164.9 million.
- Full year 2021 net income was a record $171.0 million and Operating EBITDA was a record $478.8 million.
- Strong sales volumes and steady pulp and lumber pricing drove the results.
- The company benefited from the settlement of a business interruption insurance claim.
Headline financials
Revenue & EPS history
Mercer · Revenue · Quarterly
$519M
Revenue by segment
Mercer · $468M total across 2 segments · Q3 2023
- Pulp Segment$349M-23.6%74.5%
- Solid Wood Segment$120M+61.0%25.5%
Forward guidance
Looking ahead to the first quarter of 2022, the company expects relatively strong NBSK markets globally, steady or modestly improving hardwood prices, and steady lumber demand with modest price improvements in the U.S. market.
Tailwinds
- Relatively strong NBSK markets globally.
- Improving sentiment and demand for pulp and paper.
- Supply interruptions in Canada and Scandinavia are supportive of a positive pricing outlook.
- Hardwood prices are expected to remain steady or improve modestly.
- Lumber demand is expected to remain steady in all markets with modest price improvements in the U.S. market.
Headwinds
- Longer term new incremental supply may lead to hardwood pricing pressure.
- Global logistics bottleneck primarily with respect to North American rail traffic where pandemic related slowdowns and extreme weather have made rail service inconsistent.
- COVID-19 infections and health risks, including from variants and additional “waves” remain.
- Higher capital spending in 2022.
- Logistical issues caused 35,000 tonnes of pulp from Canadian operations to Asia to be delayed, with revenue reflected in Q1 2022.
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 Q4 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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