Mercer International Inc. reports first quarter 2021 results and announces quarterly cash dividend of $0.065

Selected Highlights 

• Record quarterly wood products segment results
• First quarter Operating EBITDA* of $82.0 million and net income of $5.9 million

NEW YORK, NY, April 29, 2021

Mercer International Inc. (Nasdaq: MERC) today reported first quarter 2021 Operating EBITDA increased to $82.0 million from $57.0 million in the first quarter of 2020 and from $49.5 million in  the fourth quarter of 2020.  

In the first quarter of 2021, net income was $5.9 million (or $0.09 per share) compared to a net loss of $3.4 million (or $0.05 per share) in the first quarter of 2020 and a net loss of $13.0 million (or $0.20 per share) in the fourth quarter of 2020.  

Mr. David Gandossi, the Chief Executive Officer, stated: “In the first quarter, our mills continued to run well  and safely due to our extensive COVID-19 protection measures. Our Friesau sawmill’s strong operating results allowed  us to take full advantage of the strong U.S. lumber market.  

You can view the remainder of the results in greater detail here.