Welcome to our dedicated page for Boise Cascade Co Del news (Ticker: BCC), a resource for investors and traders seeking the latest updates and insights on Boise Cascade Co Del stock.
Boise Cascade Company (BCC) maintains leadership in engineered wood manufacturing and building materials distribution. This news hub provides investors and industry professionals with essential updates on corporate developments, market strategies, and operational milestones.
Key resources include: Earnings reports detailing financial performance across wood products and distribution segments, announcements about manufacturing innovations in LVL and structural components, and strategic partnerships enhancing supply chain efficiency. Regular updates cover sustainability initiatives and market expansion efforts within the construction materials sector.
Bookmark this page to monitor BCC's position in competitive building materials landscapes. Our curated news collection helps stakeholders analyze trends in engineered wood demand, distribution network developments, and construction industry dynamics through verified corporate communications.
Boise Cascade (NYSE: BCC) reported Q3 2024 net income of $91.0 million ($2.33 per share) on sales of $1.7 billion, compared to net income of $143.1 million ($3.58 per share) on sales of $1.8 billion in Q3 2023. Wood Products sales decreased 12% to $453.9 million, while Building Materials Distribution sales declined 6% to $1,567.5 million. The company ended Q3 with $761.6 million in cash and total available liquidity of $1,157.3 million. The board declared a quarterly dividend of $0.21 per share and authorized the repurchase of an additional 1.4 million shares.
Boise Cascade (NYSE: BCC) announced a quarterly dividend of $0.21 per share, payable on December 18, 2024, to stockholders of record on December 2, 2024. The company's Board also approved an additional 1.4 million shares for repurchase under its existing program. From January to October 2024, BCC repurchased 1.28 million shares for approximately $165 million. The total repurchase authorization now stands at 2 million shares, representing about 5% of outstanding shares. The repurchase program has no set expiration date and will be executed through various transaction methods.
Boise Cascade Company (NYSE: BCC) has announced its upcoming 2024 third quarter earnings webcast and conference call. The event is scheduled for Tuesday, November 5, 2024, at 10 a.m. Eastern. Interested parties can join the webcast by visiting the Investors section of the company's website at www.bc.com/investors and selecting the Event Calendar link. Analysts and investors who wish to participate in the Q&A session can register for the call through a provided link. Following the live event, an archived version of the webcast will be made available in the Investors section of Boise Cascade's website for those unable to attend the live presentation.
Boise Cascade Company (NYSE: BCC) reported Q2 2024 results with net income of $112.3 million, or $2.84 per share, on sales of $1.8 billion. This represents a 23% decrease in net income compared to Q2 2023. Key highlights include:
- Wood Products sales decreased 8% to $489.8 million
- Building Materials Distribution sales increased 1% to $1,655.2 million
- Total available liquidity of $1,317.8 million
- Declared quarterly dividend of $0.21 per share and special dividend of $5.00 per share
- Repurchased 677,845 shares for $88.9 million in first half of 2024
The company expects capital expenditures of $250-270 million in 2024. Despite a tepid demand environment, Boise Cascade remains confident in delivering quality results through the second half of the year.
Boise Cascade Company (NYSE: BCC) has announced a 5% increase in its quarterly dividend to $0.21 per share, along with a special dividend of $5.00 per share. Both dividends will be paid on September 16, 2024 to stockholders of record as of September 3, 2024. This move demonstrates the company's commitment to returning value to shareholders. However, future dividend declarations will depend on various factors, including legal capital requirements, financial conditions, and restrictions imposed by the company's credit facility and senior notes indenture. The Board of Directors will consider these factors when making future dividend decisions.
Boise Cascade Company (NYSE: BCC) has announced its upcoming second quarter 2024 earnings webcast and conference call, scheduled for Tuesday, August 6, 2024, 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 link. Those wishing to participate in the Q&A session must register for the call separately. Following the live event, an archived version of the webcast will be made available in the Investors section of the Boise Cascade website for later viewing.
Boise Cascade Company reported positive financial results for the first quarter of 2024, with net income of $104.1 million, or $2.61 per share, on sales of $1.6 billion, showing growth compared to the same quarter in 2023. The CEO highlighted strong performance driven by new single-family starts and seasonal factors. Total U.S. housing starts and single-family housing starts increased year-over-year. The Wood Products segment saw increased sales due to higher sales volumes for I-joists and LVL. Building Materials Distribution segment also experienced sales growth, driven by increased sales volumes. Boise Cascade ended the quarter with strong liquidity and declared a quarterly dividend. The outlook remains positive, supported by new residential construction demand.
Boise Cascade Company announced the promotion of Chris Forrey to Vice President, Finance and Investor Relations. Chris, with extensive experience at Boise Cascade since 2005, has been a key player in tax, financial reporting, accounts payable, financial systems, investor relations, and M&A efforts. With a master's degree in accountancy/taxation and a bachelor's degree in business administration, Chris brings a strong business intellect and curiosity to his new role. He will lead investor relations activities while overseeing his previous responsibilities.
Boise Cascade Company (NYSE: BCC) has announced a quarterly dividend of $0.20 per share for its common stock, payable on June 17, 2024, to stockholders of record on June 3, 2024. The future dividend declarations will depend on various factors such as legal capital requirements, the Company's financial condition, cash requirements, and other relevant factors.
FAQ
What is the current stock price of Boise Cascade Co Del (BCC)?
What is the market cap of Boise Cascade Co Del (BCC)?
