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Deltic Timber Corp (DEL.N)

DEL.N on New York Stock Exchange

90.00USD
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Deltic Timber reports preliminary Q3 earnings of 20 cents per share​
Monday, 23 Oct 2017 04:56pm EDT 

Oct 23 (Reuters) - Deltic Timber Corp :Deltic Timber Corp - preliminary Q3 ‍net income was $2.5 million, or $.20 per diluted share​.Deltic Timber Corp - sees Q4 pine sawtimber harvest to be 275,000 to 300,000 tons.Deltic Timber Corp - preliminary Q3 ‍net sales was $61.6 million, compared to $53.5 million for Q3 2016​-sec filing.  Full Article

‍Southeastern Asset Management reports 15 pct passive stake in Deltic Timber
Monday, 23 Oct 2017 10:43am EDT 

Oct 23 (Reuters) - Deltic Timber Corp ::Southeastern Asset Management Inc​ reports 15 percent passive stake in Deltic Timber Corp as of Oct 20 - SEC filing.  Full Article

Potlatch-if deal terminated‍​ on Co's board's recommendation, Deltic Timber get $66 mln termination fee
Monday, 23 Oct 2017 08:43am EDT 

Oct 23 (Reuters) - Deltic Timber Corp :Potlatch - if deal terminated‍​ due to change in recommendation by Co's board, Co to pay deltic timber $66 million termination fee - SEC filing.Potlatch - if deal terminated‍​ due to change in recommendation by Deltic Timber's board, Deltic Timber to pay Co termination fee of $33 million.  Full Article

Potlatch and Deltic Timber to combine to create leading timberland REIT and lumber manufacturer
Monday, 23 Oct 2017 07:00am EDT 

Oct 23 (Reuters) - Potlatch Corp :Press release - potlatch and deltic timber to combine to create leading timberland reit and lumber manufacturer.Potlatch Corp - ‍Potlatch raises annual dividend from $1.50 to $1.60 per share​.Potlatch Corp - ‍Share repurchase authorization of $54 million remains in place​.Potlatch Corp - ‍Combined co is expected to have a pro forma equity market capitalization of about $3.3 billion and a total enterprise value of over $4.0 billion​.Potlatch Corp - ‍Deltic stockholders will receive 1.80 common shares of potlatch stock for each common share of deltic that they own​.Potlatch Corp - ‍Following close of transaction, Potlatch stockholders will own approximately 65% of combined company​.Potlatch Corp - ‍Following close of transaction, Deltic stockholders will own approximately 35% of combined co on a fully diluted basis​.Potlatch Corp - ‍Agreement also provides for Deltic to convert to a REIT structure, effective at closing date of transaction​.Potlatch Corp - ‍Combined company expects to realize approximately $50 million after-tax cash synergies and operational efficiencies​.Potlatch Corp - ‍Board of combined company will comprise eight directors from Potlatch and four directors from Deltic​.Potlatch Corp - ‍Both companies intend to maintain dividend payments through completion of transaction​.Potlatch - ‍As part of REIT conversion process, Deltic's accumulated earnings & profits to be distributed to combined co stockholders through dividend.  Full Article

Deltic provides update on strategic alternatives process
Monday, 28 Aug 2017 07:30am EDT 

Aug 28 (Reuters) - Deltic Timber Corp :Deltic provides update on strategic alternatives process.Deltic Timber-over past several months, co has been approached by number of industry participants regarding interest in potential strategic transaction.Deltic Timber-co has engaged in evaluating confidential indications of interest,to continue process to develop potential external strategic alternatives.  Full Article

‍Southeastern Asset Management​ says learnt that Deltic Timber has received unsolicited buyout proposal
Friday, 25 Aug 2017 04:11pm EDT 

Aug 25 (Reuters) - Deltic Timber Corp :Southeastern Asset Management​ - learned that at least one industrial party has made unsolicited proposal to merge with Deltic Timber Corp in exchange for stock.Southeastern Asset Management says willing to enter into agreement with Deltic Timber to help evaluate the proposal, but Deltic not serious about engaging with Southeastern at a substantive level.Southeastern Asset Management says believes it is highly likely the unsolicited proposal for Deltic Timber would provide benefits to deltic shareholders.‍Southeastern Asset Management says it signals its support for the unsolicited proposal for Deltic Timber Corp urging co's board for better outcome than status quo.‍Southeastern Asset Management​ owned 15 pct stake in Deltic Timber Corp as of Aug 25 - SEC filing.  Full Article

Deltic Timber Q2 preliminary earnings per share $0.22
Wednesday, 2 Aug 2017 05:51pm EDT 

Aug 2 (Reuters) - Deltic Timber Corp :Deltic announces preliminary second quarter 2017 results.Q2 earnings per share $0.22.Q2 sales $55.4 million versus $56.8 million.Deltic Timber Corp - ‍for q3, deltic currently anticipates Pine Sawtimber Harvest to be 260,000 tons to 280,000​ tons.Deltic Timber Corp - ‍for fy, deltic currently anticipates pine sawtimber harvest to be 765,000 tons to 790,000​ tons.Deltic Timber Corp - ‍finished lumber sales volume is estimated to be 75 million to 85 million board feet for q3 of 2017​.Deltic Timber Corp - residential lot sales are projected at 60 to 70 lots and 130 to 150 lots for q3 and full year of 2017, respectively.Deltic Timber Corp - ‍finished lumber sales volume is estimated to be 290 million to 315 million board feet for fy2017​.Deltic Timber Corp - MDF sales volume for Q3 and year of 2017 is forecast to be 15 to 25 million square feet and 90 to 115 million square feet, respectively.Deltic Timber-MDF operating costs in Q3 2017 are expected to be impacted by scheduled maintenance downtime for replacement of press chains and a belt.  Full Article

Deltic announces Q1 sales of $53.2 million
Wednesday, 3 May 2017 05:16pm EDT 

May 3 (Reuters) - Deltic Timber Corp :Deltic announces preliminary first quarter 2017 results.Q1 earnings per share $0.09.Q1 sales rose 5 percent to $53.2 million.Deltic Timber -For Q2 and 2017, company currently anticipates pine sawtimber harvest to be 200,000 to 230,000 tons and 765,000 to 790,000 tons, respectively.Deltic Timber Corp says finished lumber sales volume is estimated to be 70 to 80 million board feet for Q2 of 2017.Deltic Timber -MDF sales volume for Q2 and year of 2017 is forecast to be 20 to 30 million square feet and 90 to 115 million square feet, respectively.Deltic Timber Corp says residential lot sales are projected at 5 to 10 lots and 120 to 140 lots for Q2 and full year of 2017, respectively.  Full Article

Deltic Timber reports Q4 earnings per share $0.26, management changes
Monday, 27 Feb 2017 06:30am EST 

Deltic Timber Corp : Deltic announces preliminary fourth quarter 2016 results . Q4 earnings per share $0.26 . Q4 sales rose 17.8 percent to $58.5 million . Says John Enlow has been appointed president and chief executive officer of Deltic, effective march 8 . Deltic Timber Corp - Byrom L. Walker appointed as interim chief financial officer . Company has initiated a search process to identify a permanent chief financial officer . Says finished lumber sales volume is estimated to be 65 to 75 million board feet for Q1 . Deltic Timber Corp - termination of Mann was completed after board became aware that he misappropriated certain company assets for personal use . Deltic Timber Corp - Walker's appointment follows decision by board of directors to terminate Kenneth D. Mann as chief financial officer .Deltic Timber - Mann's termination's not related to financial performance, is not expected to have material impact on previously issued financial statements.  Full Article

Southeastern Asset Management reports 15 pct stake in Deltic Timber Corp as of Feb 22 - SEC filing
Wednesday, 22 Feb 2017 09:49am EST 

Deltic Timber Corp :Southeastern Asset Management Inc reports 15 percent stake in Deltic Timber Corp as of February 22, 2017 - SEC filing.  Full Article

Nightclub firm Deltic discloses stake in merger target Revolution Bars

LONDON, Nov 30 Nightclub operator Deltic Group has disclosed a 3 percent stake in Revolution Bars Group , signalling it is still interested in a tie-up with the company it unsuccessfully tried to merge with earlier this year.