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 (NYSE: BCC) is described in its public disclosures as one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. The BCC news page on Stock Titan aggregates company press releases, partner announcements, and other coverage so readers can follow developments affecting its Wood Products and Building Materials Distribution segments.
Recent Boise Cascade news has featured topics such as quarterly earnings results, capital allocation decisions, acquisitions, and leadership changes. Earnings releases discuss sales and income for the Wood Products and Building Materials Distribution segments, demand trends tied to residential construction and repair-and-remodeling activity, and the impact of commodity pricing on margins. Capital allocation updates include quarterly dividend declarations and share repurchase authorizations, which are also reported through Form 8-K filings.
Strategic transactions and partnerships are another focus of BCC news. Boise Cascade has announced an agreement to purchase, and subsequent completion of the acquisition of, Humphrey Company, Inc. (doing business as Holden Humphrey), a two-step distributor of building materials in Massachusetts, describing the deal as a way to enhance its distribution footprint and product lines in the northeast region. In addition, a joint announcement with James Hardie Building Products outlines an expanded distribution partnership in which Boise Cascade’s network of distribution locations will carry AZEK Exteriors and TimberTech decking and railing products in selected U.S. markets, alongside Hardie-branded products.
Governance and leadership updates also appear in Boise Cascade news. The company has disclosed a planned CEO transition, with the current Chief Executive Officer notifying the company of his retirement as CEO and the board electing a successor CEO with an effective date following that retirement. For investors, analysts, and industry participants, the BCC news feed offers a centralized view of these earnings updates, distribution agreements, acquisitions, and executive changes as they are publicly announced.
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.
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.