Mercer International Q3 revenue falls on lower pulp sales
MERC•Mercer International's third-quarter revenue fell 4% year over year to $440.67 million, below the $463 million analyst estimate, while its operating EBITDA loss narrowed to $2.85 million. The company entered restructuring support agreements to address $1.275 billion in debt and raise $400 million in new capital.
1. Quarterly results
Mercer International said third-quarter revenue declined 4% year over year to $440.67 million, missing the sole analyst estimate of $463 million. The company reported a net loss of $59.21 million and an operating loss of $38.75 million. Its operating EBITDA loss narrowed to $2.85 million, with cost savings and operational efficiencies contributing to the improvement; planned maintenance downtime weighed on results.
2. Debt and outlook
The company entered restructuring support agreements to address $1.275 billion in debt and raise $400 million in new capital. Mercer expects softwood pulp prices to increase modestly in the fourth quarter of 2026, hardwood pulp prices to remain relatively stable, and lumber prices to be relatively flat.
