Boise Cascade Co

BCC

Equity

ISIN US09739D1000 / Valor 20054959

New York Stock Exchange, Inc (2025-03-14)

USD 99.35+3.08%

Boise Cascade Co
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About company

Boise Cascade Co is a Fortune 500 company in the building products industry, with a focus on manufacturing and distributing lumber and building products for residential and light commercial construction. The company operates two divisions and utilizes a corporate shared services model to capitalize on synergies between manufacturing and distribution. Boise Cascade has a history dating back to 1957, when it was formed through a merger of two lumber companies. Over the years, the company has expanded its offerings to include engineered wood products (EWP) such as laminated veneer lumber (LVL) and has built a nationwide building materials wholesale distribution system. Despite facing challenges such as the housing market collapse during the Great Recession, Boise Cascade has continued to invest in EWP and building materials distribution to support the construction industry.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Net Income

Boise Cascade Co reported a net income of $91.0 million, or $2.33 per share, for the third quarter ended September 30, 2024. This is a decrease compared to the net income of $143.1 million, or $3.58 per share, reported for the same quarter in 2023.

Sales Revenue

The company achieved sales of $1.7 billion in the third quarter of 2024, which is slightly lower than the $1.8 billion in sales recorded in the third quarter of 2023. This reflects a moderate demand environment as noted by the company.

CEO Statement

Nate Jorgensen, CEO of Boise Cascade Co, highlighted the company's ability to deliver good financial results despite a moderate demand environment. He credited the efforts of associates and the company's strategic investments and distribution network for this performance.

Strategic Investments

Boise Cascade Co continues to progress on key strategic investment initiatives and is focused on deploying capital to shareholders. The company is well-positioned to support its customer and vendor partners as demand changes.

Outlook

Looking forward, Boise Cascade Co expects normal seasonality through the winter months. The company remains prepared to adapt to changes in demand, leveraging its strong market position and strategic initiatives.

Summarized from source with an LLMView Source

Key figures

-22.3%1Y

31.7%3Y

269%5Y

Performance

38.6%1Y

39.8%3Y

47.0%5Y

Volatility