Boise Cascade Co Del Stock Price, News & Analysis

Boise Cascade (NYSE: BCC) has announced a quarterly dividend of $0.21 per share for its common stockholders. The dividend will be paid on June 18, 2025, to shareholders of record as of June 2, 2025. The company noted that future dividend declarations will be determined by various factors, including legal capital requirements, operations, earnings, financial condition, cash requirements, and restrictions from their revolving credit facility and senior notes indenture.

Boise Cascade (NYSE: BCC) has announced its upcoming first quarter 2025 earnings webcast and conference call, scheduled for Tuesday, May 6, 2025, at 9:30 a.m. Eastern.

Interested participants can access the webcast through the Investors section of the company's website at www.bc.com/investors via the Event Calendar link. Analysts and investors who want to participate in the Q&A session will need to register for the call separately. The webcast recording will be made available in the Investors section of the website after the event.

Boise Cascade (NYSE: BCC) has announced the promotion of Nathan Sikes to Senior Vice President of Western Operations for their Building Materials Distribution (BMD) division, effective February 24, 2025. In this role, Sikes will oversee BMD's facilities and door shops in the Western and Pacific Regions.

Sikes, who joined Boise Cascade in 2006, has progressed through various leadership positions including vice president of BMD sales and marketing, southwest region manager, branch manager, sales manager, and general line product manager. He holds a business administration degree from the University of Texas at Arlington and serves on the board of directors for the Lumbermen's Association of Texas.

Boise Cascade (NYSE: BCC) reported Q4 2024 net income of $68.9 million ($1.78 per share) on sales of $1.6 billion, and full-year 2024 net income of $376.4 million ($9.57 per share) on sales of $6.7 billion.

The Wood Products segment saw Q4 sales decrease 7% to $419.7 million, with segment income dropping to $33.6 million from $64.1 million year-over-year. Building Materials Distribution (BMD) Q4 sales declined 4% to $1,438.8 million, though segment income slightly increased to $70.7 million.

The company ended Q4 2024 with strong liquidity of $1,109.0 million, including $713.3 million in cash. During 2024, BCC returned significant capital to shareholders through $228.8 million in dividends and $194.9 million in share repurchases. The company plans capital expenditures of $220-240 million for 2025, focusing on I-joist production expansion and distribution center development.

Boise Cascade (NYSE: BCC) has announced the promotion of Joanna (Jo) Barney to Executive Vice President of Building Materials Distribution, effective February 17, 2025. In her new role, Barney will oversee more than 40 distribution facilities, including millwork and door shops across the U.S.

Barney, who joined the company in 2005, previously served as Senior Vice President of BMD Western Operations and held various leadership positions including General Manager of BMD Western Operations and Branch Manager for BMD's Salt Lake City location. She holds a business finance degree from the University of Utah and is a two-time all-American athlete.

Both COO Jeff Strom and CEO Nate Jorgensen praised Barney's leadership capabilities and commitment to company values, highlighting her track record in delivering exceptional service to customers and suppliers.

Boise Cascade (NYSE: BCC) has announced its Board of Directors has declared a quarterly dividend of $0.21 per share for common stockholders. The dividend will be paid on March 19, 2025, to shareholders of record as of February 24, 2025.

The company noted that future dividend declarations will be determined by various factors, including legal capital requirements, surplus, operations and earnings, financial condition, cash requirements, credit facility restrictions, and applicable laws.

Boise Cascade Company (NYSE: BCC) has announced it will host a webcast and conference call to discuss its fourth quarter and full year 2024 financial results. The event is scheduled for Friday, February 21, 2025, at 11 a.m. Eastern. Investors and analysts can access the webcast through the company's website at www.bc.com/investors under the Event Calendar section. Those wishing to participate in the Q&A session must register separately for the call. An archived version of the webcast will be made available in the Investors section of the website following the event.

Boise Cascade (NYSE: BCC) has appointed Jeff Strom as its new Chief Operating Officer, effective January 20, 2025. In this newly created role, Strom will oversee operations for both the Wood Products and Building Materials Distribution (BMD) divisions.

Strom, who joined the company in 2006, has held various leadership positions, most recently serving as Executive Vice President of BMD. He holds a management degree from Georgia Institute of Technology and serves on the board of trustees for Boise Valley Habitat for Humanity.

CEO Nate Jorgensen stated this appointment is part of their strategic succession planning process and aims to achieve greater operational excellence across both businesses. Board Chair Tom Carlile emphasized Strom's alignment with company values and his potential to enhance service delivery to customers, suppliers, and shareholders.