Filing Flows › Mercer International (MERC) › Q2 2026 › vs Q1 2026
Mercer International (MERC) Q2 2026 vs Q1 2026 (quarter over quarter)
Mercer International's revenue fell $29.0M (-6%) from $489M in Q1 2026 to $460M in Q2 2026. The biggest changes: Pulp −$15.8M (-5%); Wood Residuals −$11.2M (-75%); Manufactured Products +$4.8M (+23%).
Mercer International, Q2 2026: revenue $460M (+2% year over year), operating margin -12.8%, net loss $76.0M, operating cash flow −$15.1M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Pulp | $303M | $319M | −$15.8M | -5% |
| Lumber | $56.6M | $60.1M | −$3.4M | -6% |
| Pallets | $31.9M | $29.9M | $2.0M | +7% |
| Energyandchemicals | $28.0M | $31.9M | −$3.9M | -12% |
| Manufactured Products | $25.8M | $21.0M | $4.8M | +23% |
| Biofuels | $10.7M | $12.2M | −$1.5M | -12% |
| Wood Residuals | $3.8M | $15.0M | −$11.2M | -75% |
| Revenue | $460M | $489M | −$29.0M | -6% |
| Income tax benefit | $13.4M | $8.2M | $5.2M | +64% |
| Net loss | $76.0M | $52.0M | $24.0M | +46% |
| Costs & expenses | $550M | $549M | $192K | 0% |
| Operating costs | $519M | $522M | −$2.9M | -0.6% |
| Interest & other, net | $30.4M | $27.3M | $3.1M | +11% |
| Cost of revenue | $450M | $453M | −$3.2M | -0.7% |
| SG&A | $31.6M | $28.5M | $3.0M | +11% |
| Other operating costs | $37.9M | $40.7M | −$2.8M | -7% |
| Operating cash sources | $76.0M | $51.2M | $24.8M | +48% |
| Depreciation & amortization | $38.0M | $40.7M | −$2.8M | -7% |
| Working capital & other | $22.9M | −$75.2M | $98.1M | — |
| Cash used in operations | $15.1M | $85.7M | −$70.5M | -82% |
| Net loss absorbed | $76.0M | $52.0M | $24.0M | +46% |
Questions
How much did Mercer International's revenue grow quarter over quarter in Q2 2026?
Mercer International's revenue fell $29.0M (-6%) from $489M in Q1 2026 to $460M in Q2 2026.
What drove Mercer International's revenue change in Q2 2026?
Pulp −$15.8M (-5%); Wood Residuals −$11.2M (-75%); Manufactured Products +$4.8M (+23%).