Boise Cascade Company reports news around its integrated wood products manufacturing and building materials distribution businesses. The company makes engineered wood products and plywood, including laminated veneer lumber, I-joists and laminated beams, and distributes building materials such as OSB, plywood, lumber, siding, composite decking, doors and millwork, metal products, roofing, insulation and engineered wood products.
Recurring updates cover quarterly and annual operating results, commodity pricing and housing-demand conditions, production and inventory alignment, board-authorized dividends, earnings webcasts, and executive leadership changes. Company communications also connect segment performance to its national distribution footprint and manufacturing operations in the U.S. and Canada.
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Boise Cascade Company (NYSE: BCC) is set to hold a webcast and conference call on May 5, 2023, at 11 a.m. Eastern to discuss its first quarter earnings for 2023. Investors and analysts can participate by visiting the Investor section of their website.
Boise Cascade is recognized as a top producer of engineered wood products and plywood in North America, as well as a significant wholesale distributor of building products in the U.S. For further details, the archived webcast will also be available on their site.
Boise Cascade Company (NYSE: BCC) reported a fourth quarter net income of $117.4 million ($2.95 per share) on sales of $1.6 billion, reflecting a 31% decrease in net income year-over-year. For the full year 2022, net income was $857.7 million ($21.56 per share) on sales of $8.4 billion, a 20% increase from 2021. The company faced challenges with a 15% decline in U.S. housing starts, impacting demand for its products. Despite these pressures, Boise Cascade is focused on expanding its distribution capabilities and maintaining a strong balance sheet with $998.3 million in cash and cash equivalents. A quarterly dividend of $0.15 per share was declared, payable March 15, 2023.