This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Deltic Announces Preliminary Second Quarter 2012 Results

Deltic Timber Corporation (NYSE: DEL):

SECOND QUARTER           2012           2011
Net sales $   37,105,000 32,268,000
Net income 3,516,000 2,055,000
Earnings per common share
Basic .28 .16
Assuming dilution .28 .16
Average common shares outstanding
Basic 12,529,190 12,454,584
Assuming dilution 12,580,402 12,510,562
YEAR-TO-DATE 2012 2011
Net sales $ 67,744,000 61,663,000
Net income 3,613,000 2,147,000
Earnings per common share
Basic .29 .17
Assuming dilution .29 .17
Average common shares outstanding
Basic 12,515,083 12,431,775
Assuming dilution 12,580,261 12,507,201

Deltic Timber Corporation (NYSE: DEL) announced today 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. Net cash provided by operating activities was $9.4 million for 2012’s second quarter, compared to $9.5 million in 2011. For the first six months of 2012, net income totaled $3.6 million, $.29 per share, compared to $2.1 million, $.17 per share, for the same period of 2011. Net cash provided by operating activities was $11.5 million for the first half of 2012 compared to $8.3 million for the same 2011 period.

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs