Mercer Int'l (MERC) Misses Q4 EPS by 18c, Revenues Beat

Mercer Int'l (NASDAQ: MERC) reported Q4 EPS of ($0.20), $0.18 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $398.2 million versus the consensus estimate of $381.28 million.

Selected Highlights

• Fourth quarter Operating EBITDA* of $49.5 million and net loss of $13.0 million
• 2020 annual Operating EBITDA of $192.7 million and net loss of $17.2 million ($0.26 per diluted share)

Mr. David Gandossi, the Chief Executive Officer, stated: “All of our mills ran well in the fourth quarter. Our Rosenthal and Peace River mills successfully and safely completed a total of 16 days of annual maintenance downtime. Our recent capital investment in our Friesau sawmill continues to pay dividends in the form of record quarterly operating income of $12.9 million in the fourth quarter.

For earnings history and earnings-related data on Mercer Int'l (MERC) click here.

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