Boise Cascade Co Del Stock Price, News & Analysis

Boise Cascade reported a significant increase in net income to $149.2 million, or $3.76 per share, on $1.8 billion in sales for Q1 2021, compared to $12.2 million, or $0.31 per share, on $1.2 billion in sales for Q1 2020. The surge was driven by higher wood product prices and strong demand in residential construction. Wood Products and Building Materials Distribution segments both saw substantial sales and income growth. With $802.3 million in liquidity, the outlook remains positive despite ongoing supply chain constraints and pandemic impacts.

Boise Cascade Company (NYSE: BCC) announced a quarterly dividend of $0.10 per share, payable on June 15, 2021 to shareholders on record as of June 1, 2021. Future dividends will be determined by the Board of Directors based on legal requirements, company performance, and other financial conditions. Boise Cascade is a major manufacturer of engineered wood products and plywood in North America and a key distributor of building products.

Boise Cascade Company (NYSE: BCC) is set to host a webcast and conference call on May 7, 2021, at 11 a.m. Eastern to discuss its first quarter earnings. Participants can join the call by dialing 844-795-4410 (international 661-378-9637) with passcode 5849652. A replay will be available from May 7 at 2 p.m. Eastern through May 14. Boise Cascade is recognized as a major producer of engineered wood products and plywood in North America and a leading wholesale distributor of building products.

Boise Cascade Company (NYSE: BCC) announced that Frank Elfering, VP & General Manager of Western Region Operations for the Building Materials Distribution (BMD) division, will leave the company effective April 30, 2021. Elfering has served the company for 22 years, contributing to growth in the distribution sector. CEO Nate Jorgensen expressed gratitude for Elfering's service, while EVP Jeff Strom emphasized the company's talent development strategy to ensure leadership continuity. Boise Cascade is a leading producer of engineered wood products and a top wholesale distributor of building products in North America.

Boise Cascade Company (NYSE: BCC) has announced the retirement of Chief Financial Officer (CFO) Wayne Rancourt, effective May 14, 2021. Kelly Hibbs, currently the Vice President and Controller, will take over as CFO and Treasurer upon Rancourt's departure. Rancourt has played a significant role in the company's growth and financial stability since joining in 1983 and serving as CFO since 2009. Hibbs, who has been with Boise Cascade since 1996, is expected to ensure a smooth transition in leadership.

Boise Cascade reported a fourth quarter net income of $26.0 million ($0.66 per share) from $1.5 billion in sales, with full year 2020 net income at $175.0 million ($4.44 per share) on $5.5 billion in sales. Fourth quarter earnings were impacted by $1.10 per share due to pension plan termination and tax-related costs. Highlights include a 78% increase in net income year-over-year in Q4 and a positive outlook for 2021 due to favorable housing market conditions. However, the company faced production disruptions due to COVID-19 and natural disasters.

Boise Cascade Company (NYSE: BCC) has announced a quarterly dividend of $0.10 per share for its common stock. The dividend is scheduled for payment on March 15, 2021, to stockholders recorded as of February 22, 2021. Future dividends will be contingent on various factors, including legal capital requirements, the company’s financial health, and operational performance. Boise Cascade is a significant player in engineered wood products and plywood in North America, also engaged in wholesale distribution of building products.

Boise Cascade Company (NYSE: BCC) will hold a webcast and conference call on February 23, at 11 a.m. Eastern, to discuss its 2020 fourth quarter and full-year earnings. Participants can join by dialing 844-795-4410 or via an online webcast available on the company's Investor Relations page. A replay of the call will be accessible from February 23 at 2 p.m. until March 2. Boise Cascade is a major player in engineered wood products and plywood production in North America.

Boise Cascade Company (NYSE: BCC) has announced the retirement of Nick Stokes, executive vice president of Building Materials Distribution (BMD), effective March 12, 2021, after 42 years of service. Jeff Strom will succeed him, bringing nearly 30 years of industry experience. Stokes has been instrumental in BMD's growth, overseeing the addition of five distribution centers to the existing network of 38 branches and expanding the millwork locations to nine. CEO Nate Jorgensen emphasized the importance of this leadership transition for future growth and service to stakeholders.