Boise Cascade Co Del Stock Price, News & Analysis

Boise Cascade has declared a quarterly dividend of $0.12 per share for stockholders of record on February 22, 2022, with a payment date set for March 15, 2022. The future dividends will depend on various factors, including the company’s operations, earnings, and legal capital requirements. Boise Cascade is a major producer of engineered wood products and plywood in North America and a leading distributor of building products. For more information, visit www.bc.com.

Boise Cascade Company (NYSE: BCC) announced an expansion of its Building Materials Distribution (BMD) operations in Minnesota and Northern Kentucky. The Lakeville, MN branch will add 13 acres, which will enhance the engineered wood products line and increase rail capacity. In Walton, KY, the BMD Cincinnati branch is relocating to a new 200,000 sq. ft. warehouse to improve operational efficiency and product offerings. These initiatives align with the company's growth strategy and aim to better serve markets across Greater Cincinnati and beyond.

Boise Cascade Company (NYSE: BCC) announced plans to expand its Ohio Valley Building Materials Distribution network with a new distribution center in Marion, OH. The facility will cover 20 acres and feature a 100,000 sq. ft. warehouse, along with 13 acres for lumber storage. This expansion aims to enhance product offerings for existing customers and improve service capacity, employing 32 associates. Boise Cascade has a strong 20-year presence in the area and plans to break ground in early 2022.

Boise Cascade reported third-quarter 2021 net income of $91.7 million, or $2.31 per share, on $1.9 billion in sales, up 18% from $1.6 billion in Q3 2020. Despite strong wood product sales, net income decreased 11% year-over-year, with adjusted EBITDA down 16%. Wood Products sales surged 37%, while Building Materials Distribution sales rose by 20%, although income plummeted 85%. The company declared a quarterly dividend of $0.12 and a supplemental dividend of $3.00. Looking forward, positive demand for residential construction is anticipated, amidst potential concerns from COVID-19 variants and commodity price volatility.

Boise Cascade Company (NYSE: BCC) has declared a quarterly dividend of $0.12 per share, a 20% increase from the previous amount, along with a supplemental dividend of $3.00 per share. These dividends will be distributed on December 15, 2021, to stockholders of record as of December 1, 2021. CEO Nate Jorgensen emphasized the company's commitment to maintaining a flexible capital allocation strategy while rewarding shareholders. Future dividends will depend on various factors including the company's financial condition and operational performance.

Boise Cascade Company (NYSE: BCC) will host a webcast and conference call to discuss its third quarter 2021 earnings on November 2, 2021, at 11 a.m. Eastern. Investors can participate by calling 844-795-4410 (passcode 1675748) or via the webcast on their Investor Relations page. A replay will be available from November 2 at 2 p.m. Eastern until November 9, with specific numbers for U.S. and international callers. Boise Cascade is a leading producer of engineered wood products and plywood in North America and a major U.S. wholesale distributor of building products.

Boise Cascade reported a strong second quarter 2021, with net income rising to $302.6 million or $7.62 per share, compared to $33.6 million or $0.85 per share in Q2 2020. Sales surged 97% to $2.4 billion, driven by robust housing starts and higher commodity prices. Wood Products and Building Materials Distribution segments both showed significant revenue and income increases. However, the company faces challenges from declining commodity prices and potential impacts on construction activity as home improvement demand wanes.

Boise Cascade Company (NYSE: BCC) has promoted Tom Hoffmann to senior vice president, acknowledging his 40-year tenure and leadership in the Building Materials Distribution division. Hoffmann began as a sales trainee and has held multiple roles, including vice president of operations since 2016. CEO Nate Jorgensen praised his commitment to operational excellence and safety, emphasizing strong relationships built with associates, customers, and suppliers. This move signals a reinforcement of leadership as the company continues to enhance its market position in engineered wood products and building materials.

Boise Cascade Company (NYSE: BCC) has declared a quarterly dividend of $0.10 per share for common stockholders. The payment will occur on September 15, 2021, for those recorded as stockholders on September 1, 2021. Future dividend declarations will depend on various factors, including the Company’s operations, earnings, legal requirements, and existing contractual obligations. Boise Cascade is a major player in engineered wood products and plywood production in North America, as well as a leading distributor of building products.