Mercer international inc. reports first quarter 2024 results and announces quarterly cash dividend of $0.075

Selected highlights first quarter operating ebitda* of $63.6 million and net loss of $16.7 million improving pulp markets and lower costs driving stronger ebitda quarterly cash dividend of $0.075 per share new york, may 09, 2024 (globe newswire) -- mercer international inc. (nasdaq: merc) today reported first quarter 2024 operating ebitda of $63.6 million, an increase from $27.5 million in the same quarter of 2023 and $21.1 million in the fourth quarter of 2023. in the first quarter of 2024, net loss was $16.7 million (or $0.25 per share), which included a non-cash loss on disposal of $23.6 million (or $0.35 per share) relating to the dissolution of the cariboo pulp and paper ("cpp") joint venture, compared to a net loss of $30.6 million (or $0.46 per share) in the first quarter of 2023 and a net loss of $87.2 million (or $1.31 per share) in the fourth quarter of 2023, which included a non-cash impairment charge of $33.7 million (or $0.51 per share) relating to the classification of our sandalwood business as held for sale.
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