Deltic Announces Preliminary Third Quarter 2012 Results

Deltic Timber Corporation (NYSE:DEL):

DELTIC TIMBER CORPORATION
CONSOLIDATED FINANCIAL DATA SUMMARY
THIRD QUARTER				2012					2011
Net sales				$	36,499,000				31,371,000
Net income					3,218,000				720,000
Earnings per common share
Basic					.25				.06
Assuming dilution					.25				.06
Average common shares outstanding
Basic					12,533,323				12,461,035
Assuming dilution					12,566,385				12,496,409
YEAR-TO-DATE				2012					2011
Net sales				$	104,243,000				93,034,000
Net income					6,831,000				2,867,000
Earnings per common share
Basic					.54				.23
Assuming dilution					.54				.23
Average common shares outstanding
Basic					12,521,207				12,441,636
Assuming dilution					12,560,011				12,536,770

Deltic Timber Corporation (NYSE:DEL) announced today that net income for the third quarter of 2012 was $3.2 million, $.25 a share, compared to $.8 million, $.06 a share, in the third quarter of 2011. The increase was primarily due to a $5.1 million improvement in financial results for Deltic’s Mills segment, which benefitted from a 28 percent higher average lumber sales price. Partially offsetting this was decreased operating income from the Woodlands segment and increased Corporate general and administrative expenses. Net cash provided by operating activities was $9.5 million for 2012’s third quarter, compared to $6.1 million in 2011. For the first nine months of 2012, net income totaled $6.8 million, $.54 per share, compared to $2.9 million, $.23 per share, for the same period in 2011. Net cash provided by operating activities was $21 million for the first nine months of 2012 compared to $14.4 million in 2011.

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