Mercer International Inc. reported results for the 2Q ended June 30, 2017. For the 2Q 2017, net loss was $2.1 million, compared to a net loss of $4.2 million in the comparative quarter. In the prior quarter, net income was $9.7 million.
Total revenues for the three months ended June 30, 2017 increased by approximately 30% to $283.2 million from $218.1 million in the same quarter of 2016 primarily due to 24% higher pulp revenues and the inclusion of $17.3 million of revenues from its wood products segment.
In the 2Q 2017, operating income increased by approximately 10% to $18.5 million from $16.8 million in the same quarter of 2016 primarily due to higher pulp sales realizations, partially offset by higher maintenance costs at our pulp mills.
For the 2Q 2017, net loss was $2.1 million, compared to a net loss of $4.2 million in the same quarter of 2016.
In the 2Q 2017, Operating EBITDA increased by approximately 13% to $39.1 million from $34.7 million in the same quarter of 2016 primarily as a result of higher pulp sales realizations, partially offset by higher maintenance costs at its pulp mills.
Mercer's total revenues for the first half of 2017 increased by approximately 11% to $526 million from $472 million in the first half of 2016 primarily due to higher pulp revenues and $17.3 million of wood products revenue.
In the first half of 2017, operating income increased by approximately 33% to $59.5 million from $44.9 million in the same period of 2016 primarily due to higher pulp sales realizations.
For the first half of 2017, net income was $7.6 million, compared to net income of $4.5 million in the same period of 2016.
In the first half of 2017, Operating EBITDA increased by approximately 24% to $99.3 million from $80.1 million in the same period of 2016 primarily as a result of higher pulp sales realizations.
Mercer International Inc. is a global forest products company with operations in Germany and Canada with consolidated annual production capacity of 1.5 million tonnes of NBSK pulp and 465 million board feet of lumber.
