Boise Cascade Q1 net income falls 68% YoY to $96.7M; declares $3.00 special dividend

BOISE CASCADE Co

2023-Q1 EPS reported $2.43 revenue$1,544,329,000

Net income of $96.7M ($2.43 diluted EPS) vs $302.6M ($7.61) in Q1 2022; sales $1.5B down 34%.
Adjusted EBITDA $158.7M, down 63% from $426.1M; Wood Products segment income fell 63% to $69.4M.
Building Materials Distribution segment income fell 69% to $69.7M as sales declined 35%.
Board declared $0.15 quarterly plus $3.00 special dividend, payable June 15 to holders of record June 1.
2023 capex guidance $120M-$140M; housing starts forecast 1.2M-1.4M units.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BOISE CASCADE Co reported the first quarter ended March 31, 2023 results: revenue $1.5 billion, net income $96.7 million, EPS $2.43 per share.

Period: the first quarter ended March 31, 2023
Revenue: $1.5 billion
Net income: $96.7 million
EPS: $2.43 per share
Result: reported results

Exact text from the filing

Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE: BCC) today reported net income of $96.7 million, or $2.43 per share, on sales of $1.5 billion for the first quarter ended March 31, 2023, compared with net income of $302.6 million, or $7.61 per share, on sales of $2.3 billion for the first quarter ended March 31, 2022.

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Source: SEC EDGAR

accession 0001328581-23-000059

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