Mercer International’s conference call for their fourth quarter earnings of 2024 was held on February 21, 2025, at 10:00 AM Eastern Time. The call featured key company figures, including Chief Financial Officer and Secretary Richard Short, as well as Juan Carlos Bueno, who serves as President and CEO. Participants from various financial institutions, such as TD Cowen, RBC Capital Markets, CIBC Capital Markets, Stifel Nicolaus, and Jefferies, were also in attendance.
The session kicked off with a warm welcome from the operator, acknowledging all attendees. The call was then turned over to Richard Short.
“Thanks, Didi, and good morning to everyone. We’re grateful you could join us today,” Richard began. He provided an overview of the financial and operational successes of the fourth quarter before handing over to Juan Carlos for deeper insights into market trends, operational details, and strategic goals.
For those dialing in by phone, Richard noted that accompanying presentation materials were available on the Investors section of Mercer International’s website. He also offered a gentle reminder that forward-looking statements would be made during the discussion, urging listeners to note the associated risks outlined in recent press releases and SEC filings.
During the fourth quarter, Mercer International reported an operating EBITDA of $99 million, up from $50 million in the previous quarter. This improvement was largely due to the absence of planned major maintenance downtime, which had previously spanned 20 days. Additionally, the quarter benefited from a strong dollar and increased sales volumes of NBSK pulp.
These positive factors contributed significantly to the quarter’s improved performance…
