Correction: For the past five years, Tyson Foods Inc., Wal-Mart Stores Inc., Arkansas Electric Cooperatives and other companies have provided transportation for veterans to the National World War II Memorial in Washington, D.C. This article misstated the number of years of the trips.
Deltic Timber’s 1Q net income tumbles
El Dorado-based Deltic Timber Corp. on Monday reported first-quarter net income of $4.9 million, or 39 cents a share, down 27.9 percent compared with the same quarter a year ago.
In a statement released after the markets closed, Ray Dillon, Deltic’s president and chief executive officer, attributed the decrease primarily to lower operating income caused by severe winter weather that slowed construction activity. Net sales revenue was $3.7 million for the quarter, compared to $9 million for the first three months of 2013.
Despite the poor weather, Deltic’s overall operations “generated solid financial results,” Dillon said.
Deltic’s woodlands segment reported operating income of $5.3 million in the quarter, compared to $4.6 million a year ago. Its manufacturing segment saw operating income decline from $11.3 million in 2013 to $8.3 million.
Shares of Deltic stock fell 40 cents to close Monday at $60.50.
Deltic will hold a conference call at 10 a.m.
today to discuss the quarter’s results. Those interested in listening can call (866) 318-8617 and use the pass code 83968209. The call also can be accessed online at deltic.com.
- Glen Chase
Honor Flight readies for final trip May 3
Honor Flight Northwest Arkansas, a program that takes World War II veterans to see a memorial in their honor, will take off for a final time May 3.
For 11 years, corporations such as Tyson Foods Inc., Wal-Mart Stores Inc.
and Arkansas Electric Cooperatives have provided transportation to the National World War II Memorial in Washington, D.C. This year, more than 90 veterans will board the flight.
“We have a 98-year-old going on the flight,” said Bill McKenzie, director of aviation at Tyson Foods.
“I am thrilled to have an opportunity to help them go and see something that honors them. It’s moving on so many levels.”
Since the program’s inception, 818 Arkansas veterans have paid tribute to those who served and died in the war.
- Tina Parker
Arkansas Index rises 1.56 to end 334.74
The Arkansas Index, a price-weighted index that tracks the largest-public companies based in the state, gained 1.56 to 334.74 Monday.
Twelve stocks advanced and five declined.
Shares of USA Truck rose 2.8 percent and reached a 52-week high during the day. Simmons First National rose 2.5 percent on average volume.
Acxiom lost 1.1 percent in light trading.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 22 on 04/22/2014