Deltic Timber's earnings hit $1.1M in 1Q

Deltic Timber Corp. earned $1.1 million in the first quarter, the El Dorado company said Wednesday.

That compares with $400,000 in net income in the same period last year.

The company earned 9 cents a share, up from 3 cents per share in the first quarter last year.

Deltic reported revenue of $53.2 million for the quarter, up from $50.6 million in the first quarter last year.

The company's real estate division lost $900,000 in the first quarter compared with a loss of $600,000 in the first quarter last year. Deltic sold one residential lot during the quarter, compared with six residential lots sold in the first quarter last year.

Deltic shares fell 94 cents, or 1.2 percent, to close Wednesday at $75.77 before the earnings report was released.

Business on 05/04/2017

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