Boise Cascade Co Del Stock Price, News & Analysis

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 An archived version of the webcast will be made available in the Investors section of the website following the event.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.

Boise Cascade Company (NYSE: BCC) has acquired the assets of Parksite's door shop in Lakeland, Florida. The transaction, which only involves the Florida door shop among Parksite's 22 locations, makes this Boise Cascade's 15th millwork facility. The acquired facility specializes in premium entry and decorative glass doors with Therma-Tru® PrismaGuard® premium finish options.

Boise Cascade plans to expand the product offerings to include Simpson® and interior flush and molded doors. Together with their Milton, Florida facility, this acquisition enables the company to provide Therma-Tru products throughout Florida. The company currently operates 14 millwork locations in fast-growing markets, offering exterior and interior doors, frames, hardware, and pre-finishing options.

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.