|
EL DORADO, AR – Deltic Timber Corporation (NYSE-DEL) announced strong results last week also bouyed by firming lumber prices. that net income for
the second quarter of 2012 was $3.5 million, $.28 a share, compared to $2 million, $.16 a share, a year
ago. The increase was due to significantly improved operating results for Deltic’s Mills segment, which
benefitted from a higher average lumber sales price and an increased lumber sales volume when
compared to the same period of 2011. Partially offsetting these favorable items were decreases in
operating income for the Company’s Real Estate and Woodlands segments, primarily due to no
commercial real estate acreage sales in the current period, decreased pine sawtimber harvest volumes
and average per-ton sales prices, and reduced sales of recreational-use hardwood timberland acreage. Deltic Timber Corporation is a natural resources company focused on the ownership and management of timberland. Headquartered in El Dorado, Arkansas, the Company s operations are located primarily in Arkansas and north Louisiana. Deltic owns 445,800 acres of timberland Source:Deltic Timber Corporation
|
