Aug 04, 2009. /Lesprom Network/. President and Chief Executive Officer, Ray C. Dillon, of Deltic Timber Corporation announced that the net income for the second quarter of 2009 totaled $1 million, $.08 a share, compared to $2.5 million, $.19 a share, a year ago. The decrease was mainly due to a lower per-ton sales price and harvest volume of pine pulpwood, a smaller margin on timberland sales, and a decreased lumber sales volume and per-unit average sales price. Net cash provided by operating activities was $5.1 million for the second quarter of 2009, which compares to $6 million a year ago. Commenting on the results, Mr. Dillon stated, “I am pleased that the Company was able to report positive financial results despite the current deep recession that continues to depress both lumber and real estate markets. During these times, we continue our focus on improving operating efficiency and controlling costs in every area of our business. For the remainder of 2009, we will concentrate our efforts on accomplishing our planned program for sales of non-strategic, recreational use hardwood bottomland acreage and working with potential buyers of commercial real estate sites in our Chenal Valley development. Del-Tin Fiber, our medium density fiberboard joint-venture, continues to report positive financial results despite the current economic environment.” Concerning the outlook for the third quarter and year of 2009, Mr. Dillon stated, “We currently anticipate the pine sawtimber harvest to be 150,000 to 160,000 tons and 550,000 to 575,000 tons, respectively. Finished lumber production and sales volumes are estimated at 60 to 70 million board feet for the third quarter and 225 to 245 million board feet for the year, depending on market conditions. Residential lot sales are projected at 2 to 6 lots and 10 to 15 lots for the third quarter and year of 2009, respectively. We are actively working with several potential buyers of commercial real estate in Chenal Valley. The actual closing of commercial sales is difficult to estimate because of the many factors involved.”