Deltic earnings fall 4.1% in 4th quarter
El Dorado-based Deltic Timber Corp. on Wednesday reported fourth quarter net income of $2.3 million, or 18 cents a share, down 4.1 percent compared with the same quarter a year ago.
In a statement released after the markets closed, Deltic attributed the decrease to lower pulpwood harvests and land sales.
The company reported net sales in the quarter of $48.3 million, compared with $36.7 million a year ago.
For all of 2013, the company reported a net income of $26.2 million, or $2.06 per share, compared with $9.2 million, or 73 cents per share, in 2012.
Ray C. Dillon, Deltic’s president and chief operating officer, said the company’s completion of its acquisition of Del-Tin Fiber combined with its strategy for managing all aspects of its timber operation led to record financial performances in 2013.
Deltic will hold its conference call at 10 a.m. today to discuss the quarter’s results. Those interested in listening to the call can dial (866) 953-6856 and use the pass code 39325929. The call can also be accessed online at the investor relations section of Deltic’s website, deltic.com.
- Glen Chase
Windstream report on 4th quarter due
Windstream Holdings Inc. is scheduled to release its fourth-quarter earnings report today and will hold a conference call at 7:30 a.m. to discuss the report and full-year financial results.
The call can be accessed at (877) 374-3977 and using conference number 45208847. It can also be accessed live on Windstream’s website at www.windstream.com/investors .
Windstream reported a third-quarter profit of $30.6 million, down 34.6 percent from the same period a year earlier.
- Jessica Seaman
State index climbs 3.35; 13 issues gain
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, gained 3.35 to 324.31 Wednesday.
“U.S. stocks continued to trade sideways on Wednesday as the markets struggle to move to all-time highs,” said John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock. “The Arkansas Index moved higher as 13 stocks advanced and four declined.”
Shares of USA Truck climbed 3.3 percent on average volume and Dillard’s rose 2.9 percent on more than twice its normal volume.
P.A.M. Transportation lost 1.7 percent in average trading.
Volume for the index was 29.5 million shares.
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 25 on 02/27/2014