Deltic Announces Preliminary Fourth Quarter And Year Of 2012 Results

Deltic Timber Corporation (NYSE:DEL):

DELTIC TIMBER CORPORATION CONSOLIDATED FINANCIAL DATA SUMMARY
FOURTH QUARTER				2012			2011
Net sales			$	36,665,000			28,813,000
Net income/(loss)				2,404,000			(208,000	)
Earnings/(loss) per common share
Basic				.19			(.02	)
Assuming dilution				.19			(.02	)
Average common shares outstanding
Basic				12,537,984			12,474,412
Assuming dilution				12,587,396			12,474,412
YEAR-TO-DATE				2012			2011
Net sales			$	140,908,000			121,847,000
Net income				9,235,000			2,659,000
Earnings per common share
Basic				.73			.21
Assuming dilution				.73			.21
Average common shares outstanding
Basic				12,525,424			12,449,897
Assuming dilution				12,588,413			12,552,185

Deltic Timber Corporation’s President and Chief Executive Officer, Ray C. Dillon, announced today that net income for the fourth quarter of 2012 was $2.4 million, $.19 a share, which compares to a loss of $.2 million, $.02 a share, in 2011’s fourth quarter. The increase was mainly due to a $4.6 million improvement in Deltic’s Mills segment’s financial results. When compared to the same period of 2011, the Company’s average sales price per-unit of lumber sold during this year’s fourth quarter increased 29 percent, and lumber sales volume increased 17 percent. For the year of 2012, net income was $9.2 million, $.73 a share, compared to $2.7 million, $.21 a share, for the twelve months ended December 31, 2011. Net cash provided by operating activities was $3.1 million for the fourth quarter of 2012, which compares to $.2 million for the same period last year. Cash provided by operating activities for the year of 2012 was $24.1 million compared to $14.6 million for the prior year.

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