Commenting on the results, Ray C. Dillon, President and CEO, stated, “Harsh winter weather conditions existed for much of the United States during the 1Q. The negative impact on the lumber market was reflected in reduced demand for lumber and decreased lumber sales prices.
“In our Woodlands segment, the prices we receive for the timber harvested from our timberlands are gradually rising, as expected. In addition, we achieved an increased harvest volume for pine sawtimber, consistent with our plan for the year, as a result of the timberland acquisitions we made in 2014. Extremely wet weather conditions in our operating area affected these efforts slightly, but now that spring has arrived, ground conditions are improving rapidly, and logging activity is increasing.
“At our MDF plant, we have repaired the damage from the fire and are back to producing board. During the period the plant was down, we had adequate inventory to ship and meet customer needs. Additionally, while the plant was down, we accomplished most of the maintenance scheduled for our summer maintenance outage.”
Deltic Timber Corporation is a natural resources company focused on the efficient and environmentally responsible management of its land holdings. The Company owns approximately
530,000 acres of timberland, operates two sawmills and a medium density fiberboard plant, and is engaged in real estate development.
