“Deltic's Diversity of Assets Helps Create Consistent Shareholder Value
Deltic Timber Corporation 2006 Annual Report “Deltic’s diversity of assets helps create consistent shareholder value…” CONTENTS 1 Operational Highlights 2 To Our Shareholders 4 Woodlands 6 Mills 8 Real Estate 10 Financial Review 11 Statistical Summary 12 Directors and Officers Form 10-K IBC Corporate Information Operational Highlights “Quickly reacting to changes, while striving to maximize long-term value, is ever-present in our management philosophy.” Deltic Timber Corporation is FINANCIAL (Thousands of dollars, except per share amounts) a natural resources company For the Year 2006 2005 2004 focused on the efficient and Net sales $ 153,112 168,350 142,017 environmentally responsible Operating income $ 18,721 26,257 23,155 Net income/(loss) $ 11,323 14,518 11,093 management of its land Earnings per common share $ 0.91 1.18 0.92 Net cash provided by holdings. The Company operating activities $ 39,148 43,125 42,147 owns 438,200 acres of Capital expenditures $ 27,767 33,247 24,167 timberland, operates two At Year-End sawmills, and is engaged in Working capital $ 12,710 7,027 6,481 Total assets $ 324,266 316,327 307,580 real estate development. Long-term debt $ 70,000 74,500 85,724 Stockholders’ equity $ 207,481 198,244 184,091 Headquartered in Common shares (thousands) El Dorado, Arkansas, the outstanding 12,425 12,315 12,208 Company’s operations are OPERATING located primarily in Arkansas Pine sawtimber harvested and north Louisiana. from fee land (tons) 580,316 581,242 578,224 Pine sawtimber sales price (per ton) $ 45 45 40 Lumber sales (MBF) 262,726 276,048 229,407 Lumber sales price (per MBF) $ 324 369 365 1 To Our Deltic Timber Corporation earned $11.3 million, Shareholders $.91 a share, in 2006 compared to $14.5 million, $1.18 a share, in 2005, as the slowdown in U.S.
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