For 2014, operating EBITDA increased markedly to $239.8 million from $110.3 million for 2013.
For the 4Q 2014, the company had net income of $3.2 million, compared to net loss of $9.8 million in the 4Q 2013.
For 2014, net income improved to $113.2 million and from a net loss of $26.4 million in 2013.
Mr. Jimmy S.H. Lee, President and Chairman, stated: "For the 4Q 2014, our operating EBITDA increased by approximately 162% to $71.3 million from $27.2 million in the same quarter of 2013, primarily as a result of the strengthening of the U.S. dollar relative to the Canadian dollar and the Euro, lower per unit fiber costs and lower scheduled maintenance downtime. Compared to the 3Q 2014, our Operating EBITDA in the 4Q 2014 increased by approximately 5% from $67.6 million, primarily as a result of the strengthening of the U.S. dollar.
“In 2014, Operating EBITDA increased by 117% to $239.8 million from $110.3 million in 2013, primarily as a result of higher pulp prices, lower per unit fiber costs, the strengthening of the U.S. dollar versus the Euro and Canadian dollar and higher energy sales volumes."
Total revenues for the 4Q 2014 and 2013 were $282.6 million.
Total revenues in 2014 increased by approximately 8% to $1,175.1 million from $1,088.4 million in 2013, primarily due to higher pulp revenues and higher energy and chemical revenues.
In the 4Q 2014, operating income increased to $52.3 million from $6.9 million in the comparative quarter of 2013, primarily due to the strengthening of the U.S. dollar, lower per unit fiber costs and less scheduled maintenance downtime.
In 2014, operating income increased to $161.8 million from $31.7 million in 2013, primarily due to higher pulp price realizations, lower per unit fiber costs, the strengthening of the U.S. dollar and record energy sales volumes.
Mercer International Inc. is a global pulp manufacturing company.
