Mercer International Inc. Reports Fourth Quarter and Year End Results and Announces Quarterly Cash Dividend of $0.1375
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Mercer Int'l (MERC) Misses Q4 EPS by 46c, Revenues Beat
February 13, 2020 4:32 PM ESTMercer Int'l (NASDAQ: MERC) reported Q4 EPS of ($1.11), $0.46 worse than the analyst estimate of ($0.65). Revenue for the quarter came in at $331.17 million versus the consensus estimate of $315.03 million.
2019 Operating EBITDA of $210.4 million and net loss of $9.6 millionFourth quarter pulp segment annual maintenance downtime of 54 days significantly contributed to negative Operating EBITDA* of $34.2 million and a net loss of $72.7 millionMr. David M. Gandossi, the Chief Executive Officer, stated: "Our fourth quarter results reflect... More
