Boise Cascade Q2 net income falls 33% to $146.3M; sales down 20% to $1.8B

BOISE CASCADE Co

2023-Q2 EPS reported $6.10 revenue$3,359,548,000

Diluted EPS of $3.67 vs $5.49 in Q2 2022; sales of $1.815B vs $2.278B.
Wood Products segment income dropped 32% to $104M; BMD income down 36% to $98.6M.
Adjusted EBITDA fell 30% to $221M; single-family housing starts down 14% YoY.
FY2023 capex guidance $120M-$140M; quarterly dividend of $0.20/share declared.
Cash+undrawn credit total liquidity $1.477B; outlook uncertain for H2 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BOISE CASCADE Co reported second quarter ended June 30, 2023 results: revenue $1.8 billion, net income $146.3 million, EPS $3.67 per share.

Period: second quarter ended June 30, 2023
Revenue: $1.8 billion
Net income: $146.3 million
EPS: $3.67 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 $146.3 million, or $3.67 per share, on sales of $1.8 billion for the second quarter ended June 30, 2023, compared with net income of $218.1 million, or $5.49 per share, on sales of $2.3 billion for the second quarter ended June 30, 2022.

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Source: SEC EDGAR

accession 0001328581-23-000069

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