Oct 25, 2012. /Lesprom Network/. Deltic Timber Corporation announced that net income for the 3Q 2012 was $3.2 million, $.25 a share, compared to $.8 million, $.06 a share, in the 3Q 2011. The increase was primarily due to a $5.1 million improvement in financial results for Deltic’s Mills segment, which benefitted from a 28% higher average lumber sales price. Partially offsetting this was decreased operating income from the Woodlands segment and increased Corporate general and administrative expenses. Net cash provided by operating activities was $9.5 million for 3Q 2012, compared to $6.1 million in 2011, as the company said in a press release received by Lesprom Network. For the first nine months of 2012, net income totaled $6.8 million, $.54 per share, compared to $2.9 million, $.23 per share, for the same period in 2011. Net cash provided by operating activities was $21 million for the first nine months of 2012 compared to $14.4 million in 2011. Commenting on the results, President and CEO, Ray C. Dillon stated, “The profitable performance of Deltic’s diverse asset base for the 3Q continues to be encouraging given the uncertain economic conditions that exist. The importance of the Company’s vertical integration strategy continues to be proven by the economic leverage of our ownership of efficient sawmills, as evidenced by their financial performance during the quarter. With the cash flows generated by these facilities, we repaid another $7 million of debt during the 3Q.” Concerning the outlook for the 4Q and year of 2012, Mr. Dillon stated, “We currently project the pine sawtimber harvest to be 75,000 to 105,000 tons and 580,000 to 610,000 tons, for the 4Q and year, respectively, depending upon weather conditions in the 4Q. Finished lumber sales are estimated to be 55 to 70 million board feet for the 4Q and 260 to 275 million board feet for the year, depending upon lumber market conditions and log availability, as well as weather-related effects on both of these factors. Residential lot sales are forecast at 45 to 50 lots for the year of 2012. Commercial acreage within Chenal Valley continues to receive interest, but the Company is not able to predict the timing of commercial real estate sales due to the highly uncertain nature of this type of transaction and the significant number of factors involved.” Deltic Timber Corporation is a natural resources company focused on the ownership and management of timberland.