Deltic Timber (DEL) Reports Preliminary Q1 EPS of $0.01
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Deltic Timber Corporation (NYSE: DEL) announced preliminary net income for the first quarter of 2012 was $.1 million, $.01 a share, the same as reported for the first quarter a year ago. The Company’s Mills segment reported improved operating income due to an increase in sales volume, a higher average unit sales price, and a lower average cost per unit sold, when compared to the first quarter of 2011.
Operating income for Deltic’s Woodlands segment was $4.8 million in the first quarter of 2012, an increase of $.1 million when compared to $4.7 million reported a year ago. The Company harvested 173,007 tons of pine sawtimber during the current period of 2012, an 18 percent increase from the 146,089 tons harvested in the first quarter of 2011.
Regarding the outlook for the second quarter and year of 2012, Mr. Dillon stated, “At this time we anticipate the pine sawtimber harvest to be 150,000 to 170,000 tons and 575,000 to 600,000 tons, respectively. Finished lumber production sales volume are anticipated to be at 50 to 70 million board feet for the second quarter and 250 to 275 million board feet for the year, depending upon market conditions..."
Operating income for Deltic’s Woodlands segment was $4.8 million in the first quarter of 2012, an increase of $.1 million when compared to $4.7 million reported a year ago. The Company harvested 173,007 tons of pine sawtimber during the current period of 2012, an 18 percent increase from the 146,089 tons harvested in the first quarter of 2011.
Regarding the outlook for the second quarter and year of 2012, Mr. Dillon stated, “At this time we anticipate the pine sawtimber harvest to be 150,000 to 170,000 tons and 575,000 to 600,000 tons, respectively. Finished lumber production sales volume are anticipated to be at 50 to 70 million board feet for the second quarter and 250 to 275 million board feet for the year, depending upon market conditions..."
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