Seeking Alpha

Mercer International (MERC -1.3%) says that during this current quarter its Celgar mill took its...

Mercer International (MERC -1.3%) says that during this current quarter its Celgar mill took its annual scheduled major maintenance shutdown. However, as a result of a combination of a lightning strike at the mill and equipment and execution issues, the shutdown, which was planned for 11 days, took 15 days instead. Additionally, the company notes that the start-up of the mill was also slower than budgeted, and estimates that the mill's shutdown will shave approximately 11M off its operating income comp for Q2.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|