MERCER INTERNATIONAL INC. (NASDAQ:MERC) Files An 8-K Results of Operations and Financial Condition

ME Staff 8-k
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MERCER INTERNATIONAL INC. (NASDAQ:MERC) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.

The information furnished under Item 2.02 of this Current Report shall not be deemed to be filed for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On May2, 2019, Mercer International Inc. (the Company) announced by press release the Companys results for its first quarter ended March31, 2019. A copy of such press release is furnished as Exhibit 99.1 to this Current Report.

Item 2.02. Other Events.

On May2, 2019, the Company announced by press release that its board of directors had authorized: (i) a quarterly cash dividend of $0.1375 per share to be paid on July3, 2019 to all shareholders of record on June24, 2019; and (ii) a common stock repurchase program under which the Company may repurchase up to $50 million of its shares over the next 12 months. A copy of such press release is furnished as Exhibit 99.2 to this Current Report.

Under the repurchase program, repurchases of shares of the Companys common stock may be made from time to time through the open market or in privately negotiated transactions, through block trades or to any trading plan that may be adopted in accordance with Rule 10b5-1 under the Exchange Act.

(d) Exhibits.

Press release dated May2, 2019


MERCER INTERNATIONAL INC. Exhibit
EX-99.1 2 d740030dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   For Immediate Release MERCER INTERNATIONAL INC. REPORTS STRONG 2019 FIRST QUARTER RESULTS Selected Highlights     •   Strong first quarter net income of $51.6 million ($0.78 per diluted share)     •   Record quarterly Operating EBITDA* of $123.8 million NEW YORK,…
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About MERCER INTERNATIONAL INC. (NASDAQ:MERC)

Mercer International Inc. is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source. The Company operates over two mills in Eastern Germany and approximately one mill in Western Canada. The Company’s NBSK pulp mills include Rosenthal mill, which is located in the town of Blankenstein, Germany, approximately 300 kilometers south of Berlin; Stendal Mill, which is located near the town of Stendal, Germany, approximately 130 kilometers west of Berlin, and Celgar Mill, which is located near the city of Castlegar, British Columbia, Canada, over 600 kilometers east of Vancouver. The Company’s NBSK pulp mills has an annual production capacity of approximately 1.5 million air-dried metric tons (ADMTs) of NBSK pulp and generates over 305 megawatts (MW) of electricity.