Mercer International Inc. (MERC) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:04.540 Good morning and welcome to Mercer International's second quarter 2025 earnings conference 00:00:04.540 -- 00:00:09.600 call. On the call today is Juan Carlos Bueno, Mercer's President and Chief 00:00:09.600 -- 00:00:15.060 Executive Officer, and Richard Short, Mercer's Chief Financial Officer and Secretary. 00:00:15.060 -- 00:00:18.260 I will now hand the call over to Richard. 00:00:18.580 -- 00:00:21.080 Thank you Michelle and good morning everyone. 00:00:21.080 -- 00:00:24.820 Thanks for joining us today. I will begin by touching on the financial and operating 00:00:24.820 -- 00:00:29.020 highlights of the second quarter before turning the call over to Juan Carlos to provide 00:00:29.020 -- 00:00:34.700 further color into the markets, our operations and our strategic initiatives. 00:00:35.200 -- 00:00:38.900 Also for those of you that have joined today's call by telephone, there is presentation 00:00:38.900 -- 00:00:43.140 material that we have attached to the investor section of our website. 00:00:43.140 -- 00:00:47.080 But before turning to our results, I would like to remind you that we will make forward 00:00:47.080 -- 00:00:50.060 looking statements in this morning's conference call. 00:00:50.060 -- 00:00:53.820 According to the Safe Harbor provisions of the Private Securities Litigation Reform Act 00:00:53.820 -- 00:00:58.240 of 1995, I would like to call your attention to the risks related to these statements, 00:00:58.240 -- 00:01:02.140 which are more fully described in our press release and in the company's filings with 00:01:02.140 -- 00:01:05.280 the Securities and Exchange Commission. 00:01:05.300 -- 00:01:10.460 This quarter our EBITDA was negative $21 million, a significant decrease from Q1's 00:01:10.460 -- 00:01...