Reuters logo
BRIEF-Deltic Timber reports Q4 earnings per share $0.26, management changes
February 27, 2017 / 12:01 PM / 7 months ago

BRIEF-Deltic Timber reports Q4 earnings per share $0.26, management changes

Feb 27 (Reuters) - Deltic Timber Corp

* Deltic announces preliminary fourth quarter 2016 results

* Q4 earnings per share $0.26

* Q4 sales rose 17.8 percent to $58.5 million

* Says John Enlow has been appointed president and chief executive officer of Deltic, effective march 8

* Deltic Timber Corp - Byrom L. Walker appointed as interim chief financial officer

* Company has initiated a search process to identify a permanent chief financial officer

* Says finished lumber sales volume is estimated to be 65 to 75 million board feet for Q1

* Deltic Timber Corp - termination of Mann was completed after board became aware that he misappropriated certain company assets for personal use

* Deltic Timber Corp - Walker’s appointment follows decision by board of directors to terminate Kenneth D. Mann as chief financial officer

* Deltic Timber - Mann’s termination’s not related to financial performance, is not expected to have material impact on previously issued financial statements Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below