Deltic reports 4Q profit despite slight sales dip.Deltic del·ta n. 1. The fourth letter of the Greek alphabet. See Table at alphabet. 2. An object shaped like a triangle. 3. a. A usually triangular alluvial deposit at the mouth of a river. b. Timber Corp. sales were down a bit in the fourth quarter, but an insurance settlement helped the timber and real estate company post earnings of $1.7 million, or 13 cents a share, compared with a loss of $2 million, or 16 cents a share, for the final period of 2006. Sales for the quarter were $24.4 million, off 9 percent when compared with revenue of $26.8 million for the previous year. For fiscal 2007, net income was $11.1 million, or 86 cents a share, compared with $11.3 million, or 89 cents a share, for fiscal 2006. Sales for last year were $128.3 million, down 16.2 percent from the $153.1 million recorded for 2006. Ray Dillon Dillon may refer to: People
, president and chief executive officer, said the fourth-quarter improvement was due primarily to the settlement of property and business interruption insurance Noun 1. business interruption insurance - insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril claims resulting from a fire at the company's Waldo waldo - /wol'doh/ [Robert A. Heinlein's story "Waldo"] 1. A mechanical agent, such as a gripper arm, controlled by a human limb. When these were developed for the nuclear industry in the mid-1940s they were named after the invention described by Heinlein in the story, which he mill during the third quarter of 2007. The mill has been repaired and operating at higher hourly productivity rates than before the fire, Dillon said. "The company's financial results for the year were respectable, especially given the impact to our businesses of the depressed housing and lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to markets," Dillon said. Real estate earned $500,000 in the fourth quarter, which compares with $1 million for the same period of 2006 There were no sales of commercial acreage, and residential lot sales decreased by 11 to 23 while the average lot price increased, due to sales mix sales mix See product mix. , by $4,600 to $90,400 per lot. "Residential lot sales are projected at five to 10 lots and 60 to 80 lots for the first quarter and year of 2008, respectively," Dillon said. |
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