Deltic timber corporation stock value analysis nyse. Deltic timber corporation environmental executive moves. Feb 20, 2018 in february 2018, potlatch corporation merged with deltic timber corporation. Heres the latest news on hirings, promotions and departures among environmental leaders. Deltic timber corporation nysedel today provided an update on its previously announced strategic alternatives process. Financial earnings highlight in addition to the positive margins earned on its prior commercial acreage sales, information utilized by the company in assessing the recoverability of its commercial real estate acreage held for sale, includes listed prices for commercial sites and sales prices for commercial acreage sale. Deltic timber corporation and potlatch corporation completed their previously announced merger in an allstock transaction, creating a leading domestic timberland owner and toptier wood products manufacturer. Deltic timber corporation published this content on 27 february 2017 and is solely responsible for the information contained herein. If youre looking for a bargain in the stock market, you should probably look elsewhere for a great deal. Potlatchdeltic, a leader in sustainable forest practices, is dedicated to longterm stewardship and sustainable. According to the announcement, all closing conditions for the deal have been met.
Deltic timber corporation the company or deltic has established disclosure controls and procedures to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to the officers who certify the companys financial reports and to other members of senior management and the board. Del for release immediately february 27, 2017 deltic timber announces appointment of john d. Deltic timber corporation deltic as of february 20, 2018,the date deltic merged into a whollyowned subsidiary of pch. Our land provides excellent habitat for deer, turkey, and many other wildlife species. Deltic timber and potlatch complete merger creating a. Deltic timber corporation club name soggy bottoms club number hcdelt61 season 2015 ave ave date of deer live dressed inside beam beam kill number hunter sex age lactatio weight weight spread points length circum 10302015 18 michael b. Forest service estimates timber damage as a result of. Del most recent return on equity was a substandard 3. Robert tudor iii appointed to deltic timber corporation. Click the button below to request a report when hardcopies become available. During the comment period, the facility submitted written comments, data, views, or arguments on the draft. Deltic timber corporation del view as pdf united states securities and exchange commission.
In 1955 the company relocated its state of domicile to delaware. The company, which operates lodges, restaurants and other. Deltics stock set to surge after merger deal with potlatch. It was in 1971 that the deltic timber corporation, originally named deltic farm and timber company, inc. A portion of this damaged timber is expected to be salvaged, yet at prices below prehurricane levels. Excluding aftertax special items consisting of deltic mergerrelated costs, adjusted. Deltic timber corporation is a natural resources company focused on the efficient. Deltic timber corporation, a natural resources company grows and harvests.
The company owns 530,000 acres of timberland, operates two sawmills, an mdf plant. Financial earnings highlight in addition to the positive margins earned on its prior commercial acreage sales, information utilized by the company in assessing the recoverability of its commercial real estate acreage held for sale, includes listed prices for commercial sites and sales prices for commercial acreage sale transactions in the area. The deltic timber corporation waldo mill located in columbia county, arkansas, is a wood products facility that specializes in producing dimension size lumber while following requirements set forth by arkansas department of environmental quality adeq. Dillon retires from deltic timber, mark leland named. Deltic timber corporation soggy bottoms hunting club. October 25, 2017 perkins coie represented potlatch corporation nasdaq. According to the announcement, all closing conditions for. Lessor reserves ownership of all timber on the campsite, and the right to log the campsite, or parts thereof, and all of the lands in the general vicinity of the campsite. Potlatch, deltic timber to combine in allstock lumber. Lessees use of the campsite shall in no way interfere with any such logging operations. Harwood feffer llp announces investigation of deltic. Pierson had been a member of the deltic board of directors since december 1999 and, as a result, is intimately familiar with deltic s history and operations since its spinoff from murphy oil corporation. Deltic timber corporation waldo permit no 697aopr9 afin. Potlatch and deltic timber to combine to create leading.
Tudor spent a 19year career with goldman sachs, where he held numerous positions, including head of the industrial and natural resources group in london and managing director of the investment banking division of the companys houston office. In february 2018, potlatch corporation merged with deltic timber corporation. Deltic timber corporation delticas of february 20, 2018,the date deltic merged into a whollyowned subsidiary of pch. Christoph keller, iii has been a director of deltic timber corporation since december 17, 1996 and is a member of the executive compensation committee and chair of the nominating and corporate governance committee of deltic timber corporation. Our strong balance sheet provides capital flexibility to grow shareholder value. These roads may or may not have a gravel surface, but they are generally maintained for vehicle travel. Potlatchdeltic, a leader in sustainable forest practices, is.
With the highest leverage to lumber among the timber reits, we are the best play on the housing recovery. As deltic noted in its press release on august 2, 2017, after making. With the highest leverage to lumber among the timber reits, we are the best play. Deltic timber corporation del form 8k current report. Dillon retires from deltic timber, mark leland named interim.
Potlatchdeltic corporation originally potlatch corp is an american diversified forest products company based in spokane, washington it manufactures and sells lumber, panels and particleboard and receives revenue from other assets such as mineral rights and the leasing of land as well as the sale of land considered expendable. Search for other lumberwholesale in waldo on the real yellow pages. Deltic timber company profile office locations, competitors. Potlatchdeltic corporation originally potlatch corp is an american diversified forest products. Deltic timber corp 1720 highway 355, waldo, ar 71770. For specific timber sale and bidding process details see the individual invitation to bid prospectus.
This does not include timber access roads that are not being maintained. Click here to search for properties available for licensing in your area. Public corporation, private company, employee owned, partnership, or a subsidiary indicate if your company is certified as a. Hancock timber resource group 99 high street, boston, ma 021102320 6177471600 hurricane damage is estimated to be 0. Deltic timber corporation looks overpriced right now. Some companies may not list as much information as others.
An improved, companyowned road refers to any road that can be driven throughout most of the year. We believe corporate stewardship is not only the right thing to do, but also. Distributed by public, unedited and unaltered, on 27 february. Leland is a current member of the companys board of directors.
Pierson had been a member of the deltic board of directors since december 1999 and, as a result, is intimately familiar with deltics history and operations since its spinoff from murphy oil corporation. Shareholders of record at the close of business on september 27, 2018 had the option to elect to take the dividend either in all cash or all stock subject to payment of cash in lieu of fractional. Deltic timber corp company profile and news bloomberg. Perkins coie represents potlatch in definitive merger. However, if you leave a question blank and we can find the answer you will not receive credit.
Although an oil man tried and true, murphy knew the potential of the timber and milling business, and between 1976 and 1984, he authorized the acquisition of another. Pch, real estate investment trust with approximately 1. The company changed its name to potlatch corporation in 1973 and to potlatchdeltic corporation following the merger in 2018 of deltic timber corporation into a whollyowned subsidiary of the company. Foresters must earn eight continuing forestry educations units per year. All three timber sales will be sold by oral auction on march 20th at our lewiston office. Deltic timber and potlatch complete merger creating a leading. Response to comments deltic timber corporation waldo notice. View company leaders and background information for deltic timber corporation. Murphy oil corporation announces board of directors for. Part ii organizational action attach additional statements. Lumber companies potlatch and deltic timber agreed to combine in an allstock deal in which deltic shareholders would receive 1. Potlatchdeltic is a timberland real estate investment trust reit with geographically diverse, high quality, productive timberlands. Deltic timber corporation sec filing amended current report 8ka september 5, 2017 sec filings sep. The company is also involved in real estate development projects, owns farmland, and holds an interest in a.
Potlatchdeltic potlatchdeltic corporation reports fourth. Potlatch and deltic timber to combine to create leading timberland reit and lumber manufacturer. Potlatchdeltic owns nearly two million acres of highquality forestland across alabama, arkansas, idaho, louisiana, mississippi and minnesota. February 5, 20 february 5, 20 by jessica lyons hardcastle. Deltic timber corporation said monday that it has appointed a new president and chief executive officer, and that it has fired its chief financial officer.
Deltic timber corporation del view as pdf united states. We unlock value in lands that have a higher and better use than timberland management and also continue to grow our timber base. Deltic timber corporation grows and harvests timber and manufactures and markets lumber. Potlatchdeltic corporation reports fourth quarter 2019 results. Deltic timber corporations most recent return on equity was a substandard 3. Through sustainable stewardship of our resources and efficient production at our. Search our database of over 100 million company and executive profiles.
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