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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Deltic Announces Preliminary Second Quarter 2013 Results

Stocks in this article: DEL

Deltic Timber Corporation (NYSE: DEL):

SECOND QUARTER         2013         2012
Net sales $ 53,247,000 37,105,000
Net income 11,268,000 3,516,000
Earnings per common share
Basic .89 .28
Assuming dilution .88 .28
Average common shares outstanding
Basic 12,582,983 12,529,190
Assuming dilution 12,627,833 12,580,402
YEAR-TO-DATE 2013 2012
Net sales $ 94,810,000 67,744,000
Net income 18,042,000 3,613,000
Earnings per common share
Basic 1.42 .29
Assuming dilution 1.42 .29
Average common shares outstanding
Basic 12,573,033 12,515,083
Assuming dilution 12,626,805 12,580,261

Deltic Timber Corporation (NYSE: DEL) announced today that net income for the second quarter of 2013 was $11.2 million, $.89 a share, compared to $3.5 million, $.28 a share, a year ago. The $7.7 million improvement was the result of two primary factors. First, the Company’s Manufacturing segment’s pretax operating income increased $4.5 million, resulting from a higher average sales price for lumber sold and the benefit from inclusion of the operating income of Del-Tin Fiber L.L.C. (“Del-Tin Fiber”) in the segment’s results beginning this quarter. Secondly, Deltic realized $5.2 million of non-operating, after-tax gains resulting from the acquisition of the other half of the ownership of Del-Tin Fiber on April 1, 2013. Net cash provided by operating activities was $11.3 million for 2013’s second quarter, compared to $9.4 million in the second quarter of 2012. For the first six months of 2013, net income totaled $18 million, $1.42 a share, compared to $3.6 million, $.29 a share, for the same period of 2012. Net cash provided by operating activities was $20.3 million for the first half of 2013 compared to $11.5 million for the same period of 2012.

1 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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