earnings
confidence high
sentiment positive
materiality 0.80
Boise Cascade Q3 net income $219.6M ($5.52 EPS) on sales $2.2B; declares special and quarterly dividends
BOISE CASCADE Co
2022-Q3 EPS reported
$18.62
revenue$6,759,001,000
- Net income $219.6M vs $91.7M YoY; diluted EPS $5.52 vs $2.31; sales $2.15B, up 15%.
- Wood Products segment income $156.0M (+28% YoY) on EWP price increases; BMD income $154.4M (+832%) on commodity margin improvement.
- Quarterly dividend $0.15/share and special dividend $1.00/share, payable Dec. 15, 2022 to holders of record Dec. 1.
- Credit facility increased to $400M from $350M; LIBOR replaced with SOFR; total liquidity $1.26B.
- Outlook: expects housing starts to decline 15-20% in 2023; 2022 capex guidance $100-120M, 2023 $120-140M.