earnings
confidence high
sentiment negative
materiality 0.85
Boise Cascade Q2 net income falls 28% to $218M; completes $517M Coastal Plywood buy
BOISE CASCADE Co
2022-Q2 EPS reported
$13.10
revenue$4,604,354,000
- Diluted EPS $5.49 vs $7.62 YoY; sales $2.3B (-7% from $2.4B).
- Wood Products income down 28% to $154M; plywood prices fell 35% YoY.
- BMD segment income down 25% to $154M; gross margin contracted to 13.9%.
- Completed acquisition of Coastal Plywood on July 25 for $517M cash.
- Board authorized repurchase of 1.5M shares; total auth ~2.0M shares (~5% outstanding).