This Day On The Street
Continue to site
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

Deltic Announces Preliminary Third Quarter 2013 Results

Deltic Timber Corporation (NYSE:DEL):
THIRD QUARTER   2013   2012
Net sales $ 56,520,000 36,499,000
Net income 5,813,000 3,218,000
Earnings per common share
Basic .46 .25
Assuming dilution .46 .25
Average common shares outstanding
Basic 12,571,206 12,533,323
Assuming dilution 12,618,513 12,566,385
YEAR-TO-DATE 2013 2012
Net sales $ 151,330,000 104,243,000
Net income 23,855,000 6,831,000
Earnings per common share
Basic 1.88 .54
Assuming dilution 1.87 .54
Average common shares outstanding
Basic 12,572,417 12,521,207
Assuming dilution 12,627,945 12,560,011

Deltic Timber Corporation (NYSE:DEL) announced today that net income for the third quarter of 2013 was $5.9 million, $.46 a share, compared to $3.2 million, $.25 a share, in the third quarter of 2012. The $2.7 million increase was primarily due to improved financial results for Deltic’s Manufacturing segment. Operating income for the Manufacturing segment was $5.8 million higher in 2013’s third quarter than in the same period a year ago, as a result of a higher average sales price for an increased volume of lumber sold combined with a benefit from consolidation of Del-Tin Fiber L.L.C. (“Del-Tin Fiber”) which impacted operating income by $2.4 million. Net cash provided by operating activities was $13.7 million for the third quarter of 2013, compared to $9.5 million for 2012’s third quarter. For the first nine months of 2013, net income was $23.9 million, $1.88 a share, which compares to $6.8 million, $.54 a share, for the same period in 2012. Net cash provided by operating activities was $34 million for the nine-month period ended September 30, 2013 compared to $21 million for the first nine months of 2012.

1 of 6

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,778.53 +2.10 0.01%
S&P 500 1,974.15 -12.90 -0.65%
NASDAQ 4,718.8590 -62.4050 -1.31%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs