Filing Flows › Mercer International (MERC) › Q1 2025
Mercer International (MERC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Mercer International (MERC) reported revenue of $507M for the first quarter 2025 (Q1 2025), -8% from a year earlier and +4% from the quarter before. Operating margin was 1.3%, net loss $22.3M (4.4% of revenue).
Mercer International, Q1 2025: revenue $507M (-8% year over year), operating margin 1.3%, net loss $22.3M, operating cash flow −$3.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $507M | +4% | -8% |
| Operating profit | $6.7M | — | — |
| Net earnings | −$22.3M | — | — |
| Operating cash flow | −$3.0M | — | — |
What changed
Revenue was $507.0M in Q1 2025, down 8% year over year and up 4% from the previous quarter. Pulp was the largest line at 70% of revenue. Pulp lost $51.3M year over year (down 13%), 110% of the total change.
Operating profit was $6.7M, a 1.3% margin (up 1.4 points year over year). Total costs fell 10% while revenue fell 8%. The quarter ended with a net loss of $22.3M, after a profit of $16.7M the previous quarter. Net interest and other expense of $28.3M was the main reason.
Operating cash flow was −$3.0M. Non-cash charges added back $40.4M of depreciation and amortization and $1.0M of share-based compensation. Working capital and other items used $22.0M. Capital expenditures of $20.1M exceeded it, leaving free cash flow of −$23.1M.
Questions
What was Mercer International's revenue in the first quarter 2025?
Mercer International (MERC) reported revenue of $507M for the first quarter 2025 (Q1 2025), -8% from a year earlier and +4% from the quarter before.
Was Mercer International profitable in the first quarter 2025?
Operating profit was $6.7M (1.3% of revenue) and net loss $22.3M.