Mercer三季度净亏损收窄至5,920万美元：营收4.407亿美元降约4%，重组支持协议覆盖12.75亿美元票据与4亿美元新资本
纸浆生产商 Mercer International（纳斯达克代码：MERC）11月5日发布2026年第三季度业绩。公司第三季度经营 EBITDA 为负290万美元，较2025年同期的负2,810万美元与2026年第二季度的负2,100万美元均有改善；当季净亏损5,920万美元、每股亏损0.88美元，上年同期净亏损8,080万美元、每股亏损1.21美元，第二季度净亏损7,600万美元。
当季业绩中含一笔800万美元的非现金存货减值。营收方面，第三季度总营收约4.407亿美元，较上年同期的4.581亿美元下降约4%，公司称主因是纸浆销售量与实现价格下降；成本与费用下降约9%，至4.794亿美元。公司表示，第三季度其纸浆工厂共有44天计划内年度停机维护，约合48,900吨风干公吨产量，对当季经营 EBITDA 的影响约为负3,410万美元。
资产负债表重组是这份业绩的另一条主线。公司首席执行官 Juan Carlos Bueno 表示，公司已于11月2日与主要票据持有人和股东达成重组支持协议，获得超过87%未偿高级票据本金持有人的支持，协议将处理12.75亿美元未偿高级票据，并提供4亿美元有全额后盾的新资本。公司称，其运营子公司将照常经营，客户、供应商与员工不受影响。
（来源：Mercer International）
Mercer's Third-Quarter Net Loss Narrows to $59.2 Million: Revenue Falls About 4% to $440.7 Million as a Restructuring Support Deal Covers $1.275 Billion of Notes and $400 Million of New Capital
Pulp producer Mercer International Inc. (Nasdaq: MERC) reported third-quarter 2026 results on November 5. Operating EBITDA improved to negative $2.9 million, from negative $28.1 million in the same quarter of 2025 and negative $21.0 million in the second quarter of 2026. The net loss was $59.2 million, or $0.88 per share, compared with a net loss of $80.8 million, or $1.21 per share, a year earlier and $76.0 million in the second quarter.
The quarter included a non-cash inventory impairment of $8.0 million. Total revenues decreased by approximately 4% to $440.7 million from $458.1 million in the same period of 2025, primarily because of lower pulp sales volumes and realizations, while costs and expenses fell about 9% to $479.4 million. The company's pulp mills had 44 days of planned annual maintenance downtime in the quarter, approximately 48,900 air-dried metric tonnes of production, which weighed on operating EBITDA by approximately $34.1 million.
Chief Executive Officer Juan Carlos Bueno said the company entered into restructuring support agreements on November 2, 2026 with holders of more than 87% of the aggregate outstanding principal amount of its senior notes and holders of a majority of its outstanding common shares. The agreements are intended to address $1.275 billion of outstanding senior notes and provide $400 million of fully backstopped new capital. The company said its operating subsidiaries will continue to operate their businesses with no impact on customers, suppliers and employees.
(Source: Mercer International)
来源：Mercer International
发布：GSM·美国（发布链接）
图片来源：图：纸浆厂厂区（资料图，加拿大新斯科舍省 Northern Pulp 厂区）。CC BY 4.0，经 Wikimedia Commons。 / Photo: A pulp mill (file photo, the Northern Pulp mill in Nova Scotia, Canada). CC BY 4.0, via Wikimedia Commons.
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