Market News of Note

Confirming post-merger adjusted free cash flow and Adjusted EBITDA range.

Loss from Continuing Operations for the second quarter of $366 million, inclusive of a $337 million non-cash Canadian deferred tax asset write-off.

The company's bottom line totaled $54 million, or $0.77 per share. This compares with $160 million, or $2.23 per share, last year.

Mercer International Inc. reported Q2 2025 operating EBITDA of negative $20.9 million, a decrease from positive $30.4 million in the same quarter of 2024 and $47.1 million in the Q1 2025.

For the second quarter of 2025, the Company reported an operating loss of $5 million and a net loss of $7 million, equivalent to $0.10 per share.

Boise Cascade Company reported net income of $62.0 million, or $1.64 per share, on sales of $1.7 billion for the second quarter ended June 30, 2025, compared with net income of $112.3 million, or $2.84 per share, on sales of $1.8 billion for the second quarter ended June 30, 2024.

The negative comparable operating result was caused particularly by the weak demand for market pulp in Europe and China. The uncertainty caused by US import duties has had a negative impact on the purchasing behaviour of paperboard customers in particular.

Nordic Paper has entered into an agreement with a syndicate of financial institutions on a long term senior secured financing to Nordic Paper in the form of a Euro 275 million term loan B and a revolving credit facility of Euro 65 million.

The amended and restated loan agreement includes, among other things, a liquidity covenant and a profitability target replacing the current leverage covenant up to and including 30 September 2026.

The Greenpac Mill, located in Niagara Falls, New York, manufactures lightweight containerboard, made with 100% recycled fibres.

Sappi's current shareholder split is around 70% South African and 30% non-South African

Magnera Corporation announced it will be added to the broad-market Russell 3000® Index following the annual reconstitution of the Russell indexes. The reconstituted indexes are set to take effect after the U.S. market closes on June 27, 2025.

Net income increased 6.5% to $47.3 million or $0.82 per diluted Class A share compared to net income of $44.4 million or $0.77 per diluted Class A share.

Kimberly-Clark expects that its common stock will cease trading on the NYSE at market close on Thursday, May 29, 2025, and will commence trading on Nasdaq on Friday, May 30, 2025.

The Company intends to use the proceeds from the offering to redeem all of its outstanding US$206 million aggregate principal amount of 5.125% Senior Notes due January 15, 2026, to repay a portion of the borrowings outstanding under its revolving credit facility and to pay related transaction fees and expenses.

Financing reflects strong confidence from the banking market.

Kimberly-Clark expects that its common stock will cease trading on the NYSE at market close on Thursday, May 29, 2025, and will commence trading on Nasdaq on Friday, May 30, 2025.

"Most of our customers that export, especially to the U.S., really don't know what the price of their goods is going to be," said Cristian Infante, who heads Copec's forestry arm Arauco, in a presentation. "So they're trying to buy as little as possible."

Operations generated $2.8bn in 2024 in three countries with eight mills and two conversion facilities.

Revenue was $546.1 million in Q1 2025 compared to $479.4 million in Q1 2024, an increase of $66.7 million or 13.9%.

Mondi PLC reported on Thursday its profitability was robust for the first quarter of 2025, crediting a rise in sales volumes and cost-control efforts.

Suzano, the world's largest pulp producer, announces its first quarter results for 2025 (1Q25) with record net revenue of R$11.6 billion, up 22% on the same quarter last year (1Q24). The result was driven by the exchange rates, increased pulp sales volumes from the new Ribas do Rio Pardo mill, higher paper volume and prices and the positive contribution from our paperboard mills recently acquired in the U.S.

Q1 2025 operating loss of $29 million; shareholder net loss of $31 million, or $0.26 per share.

Net Loss for the quarter of $32 million, a $30 million decline from prior year quarter.

Net income of $27 million ($0.65 per diluted share) vs. $81 million ($1.94 per diluted share)