Deltic Timber issues preliminary third quarter results
EL DORADO, AR, Oct. 26, 2017 (Press Release) -Deltic Timber Corporation (NYSE-DEL), a natural resources company, announced financial results for the third quarter of 2017.
Third Quarter 2017 Highlights
- Net sales totaled $61.6 million, compared to $53.5 million for third quarter 2016.
- Net income was $2.5 million, or $.20 per diluted share, compared to net income of $1.5 million, or $.12 per diluted share, for the same period of 2016.
Financial results for the third quarter of 2017 benefited from increased operating income in the Woodlands and Real Estate segments combined with lower corporate general and administrative expenses. The Manufacturing segment results were lower ...