Mercer International Inc. (MERC) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.657 Good morning and welcome to Mercer International's third quarter 2025 earnings 00:00:05.657 -- 00:00:10.783 conference call. On this call today is Juan Carlos Bueno, 00:00:10.783 -- 00:00:16.169 Mercer's president and chief executive officer, and Richard Short, Mercer's 00:00:16.169 -- 00:00:21.254 chief financial officer and secretary. I will now hand the call over to 00:00:21.254 -- 00:00:23.036 Richard. 00:00:23.036 -- 00:00:26.913 Thanks, Michelle. Good morning, everyone. Thanks for joining us today. 00:00:26.913 -- 00:00:30.839 I will begin by touching on the financial and operating highlights of the third quarter 00:00:30.839 -- 00:00:35.326 before turning the call to Juan Carlos to provide further color into the markets, our 00:00:35.326 -- 00:00:38.968 operations, and our strategic initiatives. 00:00:39.292 -- 00:00:43.418 Also, for those of you that have joined today's call by telephone, there is presentation 00:00:43.418 -- 00:00:47.624 material that we have attached to the investor section of our website. 00:00:47.624 -- 00:00:51.370 But before turning to our results, I would like to remind you that we will be making 00:00:51.370 -- 00:00:54.773 forward-looking statements in this morning's conference call. 00:00:54.773 -- 00:00:59.098 According to the safe harbor provisions of the Private Securities Litigation Reform Act 00:00:59.098 -- 00:01:00.960 of 1995, 00:01:00.960 -- 00:01:04.904 I'd like to call your attention to the risks related to these statements, which are more 00:01:04.904 -- 00:01:08.949 fully described in our press release and in the company's filings with the Securities 00:01:08.949 -- 00:01:11.470 and Exchange Commission. 00:01:11.512 -- 00:01:17.038 This quarter, our EBITDA was negative $28 million, in...