Last $68.40 USD
Change Today +0.33 / 0.48%
Volume 8.3K
DEL On Other Exchanges
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As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

deltic timber corp (DEL) Snapshot

Open
$68.40
Previous Close
$68.07
Day High
$68.58
Day Low
$67.68
52 Week High
12/19/14 - $69.76
52 Week Low
07/8/14 - $58.05
Market Cap
860.6M
Average Volume 10 Days
47.9K
EPS TTM
$1.43
Shares Outstanding
12.6M
EX-Date
11/26/14
P/E TM
47.7x
Dividend
$0.40
Dividend Yield
0.58%
Current Stock Chart for DELTIC TIMBER CORP (DEL)

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deltic timber corp (DEL) Details

Deltic Timber Corporation, a natural resources company, together with its subsidiaries, is engaged in growing and harvesting timber, and manufacturing and marketing lumber. The company’s Woodlands segment harvests pine and hardwood pulpwood for sale to third parties for use in the manufacture of paper products; and provides timberland management services, such as harvesting and thinning operations, reforestation, cull timber removal programs, and introducing seedlings. It also leases oil and gas, hunting land, and other rights on its timberlands; and provides harvest planning, silvicultural improvement, and maintenance works for timberlands owned by others under management contracts with one-year renewable terms. This segment owns approximately 458,600 of timberland in Arkansas and north Louisiana. Its Mills segment operates two sawmills that manufacture and sell various softwood lumber products, such as dimension lumber, boards, and timbers to wholesale distributors, large retailers, lumber treaters, industrial accounts, and truss manufacturers; and is used in residential construction, roof trusses, remanufactured products, laminated beams, cabinets, flooring, and door parts. This segment also produces wood chips, shavings, sawdust, and bark as by-products. The company’s Real Estate segment develops and markets residential lots for homebuilders and individuals; and commercial sites for developers and businesses, as well as sells undeveloped acreage. This segment also leases retail and office space to third parties; resells existing homes; and operates a country club. In addition, it manufactures and markets medium density fiberboard (MDF) under the Solidium trade name for use in furniture, kitchen cabinets, laminate flooring, store fixtures, door parts, and molding. The company sells MDF to wholesalers, retailers, and manufacturers. Deltic Timber Corporation was founded in 1996 and is based in El Dorado, Arkansas.

537 Employees
Last Reported Date: 03/5/14
Founded in 1996

deltic timber corp (DEL) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $572.5K
Chief Financial Officer, Vice President, Trea...
Total Annual Compensation: $352.8K
Vice President of Operations
Total Annual Compensation: $283.3K
Vice President, General Counsel, Secretary an...
Total Annual Compensation: $225.0K
Vice President of Real Estate
Total Annual Compensation: $221.8K
Compensation as of Fiscal Year 2013.

deltic timber corp (DEL) Key Developments

Deltic Timber Corporation Amends and Restates the Revolving Credit Agreement

Effective November 18, 2014, Deltic Timber Corporation acted with the consent of the lenders thereto, to amend and restate the company's Amended and Restated Revolving Credit Agreement originally dated May 2, 2013. Pursuant to the Second Amended and Restated Revolving Credit Agreement dated November 18, 2014: (1) the amount of the Aggregate Revolving Credit Commitments under the Credit Agreement was increased from $340 million to $430 million; (2) the term of the Credit Agreement, subject to other provisions, was extended to November 18, 2019; and (3) the pricing of applicable margins and commitment fees percentages remained unchanged and are reflected on Schedule I of the Credit Agreement. Under the Company's Credit Agreement, SunTrust Bank is a lender and is Administrative Agent for the other existing lenders, which are: American AgCredit, PCA; JPMorgan Chase Bank, N.A.; Regions Bank; Wells Fargo Bank, N.A.; BancorpSouth Bank; Bank of America, N.A.; IBERIABANK; Cooperatieve Centrale Raiffeisen-Boerenleenbank, B.A. Rabobank Nederland, New York Branch; and Branch Banking and Trust Company.

Deltic Timber Corporation Reports Preliminary Consolidated Earnings Results for the Third Quarter and Nine Months and Production Results for the Nine Months Ended September 30, 2014; Provides Production Guidance for the Fourth Quarter and Full Year of 2014

Deltic Timber Corporation reported preliminary consolidated earnings results for the third quarter and nine months and production results for the nine months ended September 30, 2014. For the quarter, the company's net sales were $58,301,000 compared to $56,520,000 reported a year ago. Net income was $5,974,000 or $0.47 per diluted share compared to $5,813,000 or $0.46 per diluted share reported a year ago. The increase in net income was due to improved financial results for Deltic's Woodlands and Real Estate segments combined with the benefit of a lower effective income tax rate, partially offset by reduced operating income from the company's Manufacturing segment as a result of maintenance-related expenses and downtime at its medium density fiberboard plant. Net cash provided by operating activities was $10.3 million compared to $13.7 million for 2013's third quarter. Capital expenditures were $6.1 million compared to $4.8 million reported a year ago. For the year to date, the company's net sales were $172,285,000 compared to $151,330,000 reported a year ago. Net income was $16,183,000 or $1.27 per diluted share compared to $23,855,000 or $1.87 per diluted share reported a year ago. Net cash provided by operating activities was $25.1 million compared to $34 million for the first nine months of 2013. Capital expenditures were $12.6 million compared to $16.8 million reported a year ago. For the first nine months of 2014, the pine sawtimber harvest was 534,215 tons compared to 502,098 tons during the same period of 2013. The pine pulpwood harvest for the first nine months of 2014 was 320,471 tons compared to 274,449 tons in the first nine months of 2013. Concerning the outlook for the fourth quarter and year of 2014, the company currently anticipates the pine sawtimber harvest to be 45,000 to 85,000 and 580,000 to 620,000 tons, respectively. Finished lumber production and sales volumes are estimated at 60 to 80 million board feet for the fourth quarter and 260 to 280 million board feet for the year. MDF sales volumes for the fourth quarter and year of 2014 are forecast to be 25 to 35 million square feet and 110 to 120 million square feet, respectively.

Deltic Timber Declares Quarterly Dividend, Payable on December 15, 2014

The Board of Directors of Deltic Timber Corporation announced a quarterly dividend of $0.10 per share will be paid to stockholders of record as of December 1, 2014, with a payment date of December 15, 2014.

 

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Industry Analysis

DEL

Industry Average

Valuation DEL Industry Range
Price/Earnings 47.0x
Price/Sales 3.9x
Price/Book 3.2x
Price/Cash Flow 23.5x
TEV/Sales 2.9x
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