Boise Cascade Q1 net income $302.6M ($7.61 EPS); declares $2.50 supplemental dividend

BOISE CASCADE Co

2022-Q1 EPS reported $7.61 revenue$2,326,282,000

Net income of $302.6M ($7.61 diluted EPS) vs $149.2M ($3.76) in Q1 2021; sales $2.326B up 28% YoY.
Wood Products segment income $190.1M (+96% YoY) on higher EWP and plywood pricing.
BMD segment income $225.9M (+88% YoY) driven by improved gross margins across product lines.
Board declares $0.12 quarterly and $2.50 supplemental dividend, payable June 15 to holders of record June 1.
Cash and cash equivalents $922.7M; total available liquidity $1.27B; capex guidance $110-130M for 2022.

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