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 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)?
