Mercer Int'l (MERC) Misses Q4 EPS by 9c, Revenues Beat

Mercer Int'l (NASDAQ: MERC) reported Q4 EPS of $0.68, $0.09 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $412.23 million versus the consensus estimate of $406.27 million.

Mr. David M. Gandossi, the Chief Executive Officer, stated: "We are pleased with our record fourth quarter and 2018 results. They reflect record quarterly pulp production, which benefited from our capital investments and strong operating performance." He added: "Looking forward to 2019, we are excited by our recent significant expansion through the acquisition of Mercer Peace River Pulp Ltd. (formerly called Daishowa-Marubeni International Ltd.) ("MPR") and the Santanol sandalwood business. MPR operates a swing NBSK and NBHK mill with an annual production capacity of approximately 475,000 ADMTs of pulp and has a 50% joint venture interest in another NBSK mill which represents approximately 170,000 ADMTs of additional annual pulp production capacity. MPR will materially increase our production, revenues and scope of operations in 2019. We are currently focused on integrating both of these operations to ensure a smooth transition and maximize available synergies with MPR. We are also continuing to execute on our value creation strategy of delivering sustainable profitable growth by leveraging our core competencies to complement our world class assets."

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

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