Reported Earlier, Mercer International Reports Q3 Preliminary Results: Revenue $502.1M ($501M Est.) Up From $470.8M YoY, Net Loss $17.4M Up From $26M YoY
Portfolio Pulse from Benzinga Newsdesk
Mercer International reported Q3 2024 preliminary results with revenue of $502.1M, surpassing estimates, and a reduced net loss of $17.4M. Despite production challenges, the company is optimistic about future performance due to strong pulp markets.
October 17, 2024 | 6:34 am
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Mercer International's Q3 2024 results show revenue of $502.1M, beating estimates, and a reduced net loss of $17.4M. Despite production issues, the company is optimistic about future performance due to strong pulp markets.
Mercer International's revenue exceeded expectations, and the net loss was reduced compared to the previous year. The company faced production challenges but managed to mitigate some of the downtime. With no further downtime planned and strong pulp markets, the outlook for Q4 is positive, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100