Mercer Reports Q3 2026 Financial Results Amid Balance Sheet Recapitalization
Mercer reported third-quarter 2026 results showing a net loss of $59.2 million ($0.88 per share), an improvement from the previous quarter's $76.0 million loss. The company achieved significant progress in its financial restructuring, executing a balance sheet recapitalization that involved exchanging approximately $1.1 billion in senior notes for equity. This move is expected to eliminate $96.0 million in annual cash interest expenses. Operational performance was impacted by 44 days of planned maintenance downtime, which negatively affected Operating EBITDA by $34.1 million. Despite these headwinds and weak demand in the European solid wood segment, Mercer's pulp segment turned positive with an EBITDA of $5.9 million. The company also secured $400.0 million through a new money rights offering to support post-emergence operations.
Tickers: $MERC
Topics: Debt Restructuring EBITDA Inventory Impairment Liquidity Net Loss