Filing Flows › Mercer International (MERC) › Q3 2026 › vs Q2 2026
Mercer International (MERC) Q3 2026 vs Q2 2026 (quarter over quarter)
Mercer International's revenue fell $19.6M (-4%) from $460M in Q2 2026 to $441M in Q3 2026. The biggest changes: Pulp −$22.3M (-7%); Lumber +$11.4M (+20%); Pallets −$10.0M (-31%).
Mercer International, Q3 2026: revenue $441M (-4% year over year), operating margin -8.8%, net loss $59.2M, operating cash flow −$20.0M. The chart draws each line against Q2 2026, the increases inside each band.
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Pulp | $281M | $303M | −$22.3M | -7% |
| Lumber | $68.0M | $56.6M | $11.4M | +20% |
| Energyandchemicals | $34.2M | $28.0M | $6.2M | +22% |
| Pallets | $21.9M | $31.9M | −$10.0M | -31% |
| Manufactured Products | $18.7M | $25.8M | −$7.1M | -28% |
| Biofuels | $12.2M | $10.7M | $1.4M | +13% |
| Wood Residuals | $4.6M | $3.8M | $782K | +21% |
| Revenue | $441M | $460M | −$19.6M | -4% |
| Income tax benefit | $11.0M | $13.4M | −$2.4M | -18% |
| Net loss | $59.2M | $76.0M | −$16.8M | -22% |
| Costs & expenses | $511M | $550M | −$38.8M | -7% |
| Operating costs | $479M | $519M | −$39.8M | -8% |
| Interest & other, net | $31.4M | $30.4M | $1.0M | +3% |
| Cost of revenue | $416M | $450M | −$33.3M | -7% |
| SG&A | $27.1M | $31.6M | −$4.4M | -14% |
| Other operating costs | $35.8M | $37.9M | −$2.1M | -5% |
| Operating cash sources | $59.2M | $76.0M | −$16.8M | -22% |
| Depreciation & amortization | $35.9M | $38.0M | −$2.1M | -5% |
| Share-based compensation | $477K | $0 | $477K | — |
| Working capital & other | $2.8M | $22.9M | −$20.0M | -88% |
| Cash used in operations | $20.0M | $15.1M | $4.9M | +32% |
| Net loss absorbed | $59.2M | $76.0M | −$16.8M | -22% |
Questions
How much did Mercer International's revenue grow quarter over quarter in Q3 2026?
Mercer International's revenue fell $19.6M (-4%) from $460M in Q2 2026 to $441M in Q3 2026.
What drove Mercer International's revenue change in Q3 2026?
Pulp −$22.3M (-7%); Lumber +$11.4M (+20%); Pallets −$10.0M (-31%).