Mercer Int'l (MERC) Misses Q2 EPS by 9c, Revenues Beat

Mercer Int'l (NASDAQ: MERC) reported Q2 EPS of $0.26, $0.09 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $346.5 million versus the consensus estimate of $337.31 million.

Mr. Gandossi concluded: "In addition, it has been a year since we acquired the Friesau sawmill. In the last year we have ramped up our lumber business ahead of plan, we are realizing significant synergies between our solid wood and pulp businesses, and Friesau is generating substantial value for shareholders. I am also confident our upcoming targeted investments in Friesau will generate additional value for our shareholders.

This quarter was highlighted by significant investments in our assets, which were focused on increasing our efficiency, productivity and lowering the risk of unplanned downtime. These investments are consistent with our long-term value creation strategy of leveraging our core competencies to deliver results for shareholders from world-class assets and building a platform for sustainable and profitable growth."

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

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