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.
Boise Cascade Company (NYSE: BCC) has announced a quarterly dividend of $0.12 per share, to be paid on September 15, 2022 for stockholders of record on September 1, 2022. Future dividends will depend on various factors including legal capital requirements and the company’s financial condition. Boise Cascade is a leading producer of engineered wood products and plywood in North America.
Boise Cascade Company (NYSE: BCC) has successfully completed its acquisition of Coastal Plywood Company, which includes manufacturing operations in Havana, Florida, and Chapman, Alabama. This strategic move aims to enhance Boise Cascade's capacity in producing engineered wood products and plywood, further strengthening its position as a leading distributor of building products in North America. CEO Nate Jorgensen expressed enthusiasm about integrating the new team and expanding service capabilities for customers.
Boise Cascade Company (NYSE: BCC) will conduct a webcast and conference call to discuss its 2022 second quarter earnings on August 2, 2022, at 11 a.m. Eastern.
Investors can access the event through the Investor Relations section at www.bc.com. Questions can be submitted by registered participants during the Q&A session. An archived version of the webcast will also be available on their website.
Harris Williams, a global investment bank, is advising Coastal Forest Resources Company on the sale of its subsidiary, Coastal Plywood Company, to Boise Cascade Company (NYSE: BCC). Coastal, a prominent supplier of plywood and treated wood products in the U.S. Southeast, has approximately 750 employees. The transaction awaits customary closing conditions, including antitrust approval. Boise Cascade is a major North American producer of engineered wood products and plywood. Harris Williams is part of the PNC Financial Services Group (NYSE: PNC).
Boise Cascade Company (NYSE: BCC) has announced its agreement to acquire Coastal Plywood Company for $512 million, enhancing its plywood and engineered wood products capacity. The acquisition, expected to close in Q3 2022, includes two manufacturing locations in Havana, Florida, and Chapman, Alabama, employing around 750 people. Boise Cascade plans to invest $50 million over three years to expand production capabilities. This strategic acquisition aims to optimize existing assets and strengthen Boise Cascade's position in the market.
Boise Cascade Company (NYSE: BCC) reported net income of $302.6 million ($7.61 per share) for Q1 2022, a 103% increase from $149.2 million ($3.76 per share) in Q1 2021. Sales rose 28% to $2.3 billion driven by higher product prices and stable demand, particularly for wood products. The company maintains a robust balance sheet with $922.7 million in cash. A quarterly dividend of $0.12 plus a supplemental $2.50 was declared for June 2022. However, potential risks include labor shortages and fluctuating commodity prices impacting future profitability.
Boise Cascade Company (NYSE: BCC) has announced a quarterly dividend of $0.12 per share, along with a supplemental dividend of $2.50 per share. These dividends are set to be paid on June 15, 2022 to stockholders of record on June 1, 2022. The company's future dividend declarations will rely on various factors including legal capital requirements, future operations and earnings, and financial conditions.
Boise Cascade is a major producer of engineered wood products and plywood in North America, and a leading distributor of building products in the U.S.
Boise Cascade Company (NYSE: BCC) announced the election of Craig Dawson and Amy Humphreys to its Board of Directors following its Annual Shareholders’ Meeting on May 5, 2022. Dawson brings leadership experience from Retail Lockbox, Inc. and Unisys Corporation, while Humphreys has 25 years in manufacturing and has held executive roles in various industries. Rick Fleming retired from the Board after nine years, having contributed significantly as CFO of USG Corporation. The new members are expected to enhance the Board's strategic and operational insight.
Boise Cascade Company (NYSE: BCC) has announced the promotion of Joanna Barney to Vice President of Western Operations, Building Materials Distribution, and Troy Little to Vice President of Finance and Commodity Sales, Wood Products division. Both executives have extensive experience within the company, with Barney having joined in 2005 and Little in 1990. CEO Nate Jorgensen expressed confidence that their leadership will drive key initiatives and business growth.
Boise Cascade Company (NYSE: BCC) will host a webcast and conference call on May 6, 2022, at 11 a.m. Eastern to discuss its 2022 first quarter earnings. Participants can join by calling 844-795-4410 (international: 661-378-9637) with passcode 4607268. The webcast is available on the company's Investor Relations page at www.bc.com. A replay of the call will be accessible from 2 p.m. on May 6 until May 13 at 2 p.m.