MERC vs IP: Paper and Packaging Giants Go Head-to-Head

MERC vs IP: Paper and Packaging Giants Go Head-to-Head

Quick Read Mercer International (MERC) reported Q4 EPS of -$4.61 versus consensus of -$0.83, driven by a $238.7 million impairment on its Peace River hardwood pulp mill, leaving shareholders’ equity at just $68 million (down 84% year-over-year) with minimal financial cushion. International Paper (IP) posted adjusted EBITDA of $859 million, up 28% sequentially, and is divesting its Global Cellulose Fibers business to American Industrial Partners…