Boise Cascade Q3 net income falls 35%; declares $5 special dividend; completes BROSCO acquisition

BOISE CASCADE Co

2023-Q3 EPS reported $9.69 revenue$5,193,989,000

Net income fell 35% to $143.1M ($3.58 EPS) from $219.6M ($5.52 EPS) a year ago.
Sales decreased 15% to $1.8B; Wood Products income down 36%, BMD down 37%.
Completed acquisition of BROSCO for $168M on Oct 2, 2023, funded with cash.
Board declared $5.00 special dividend and $0.20 quarterly dividend, payable Dec 15.
2023 capex expected $190-210M; end-Q3 cash $1.27B, debt $445M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BOISE CASCADE Co reported the third quarter ended September 30, 2023 results: revenue $1.8 billion, net income $143.1 million, EPS $3.58 per share.

Period: the third quarter ended September 30, 2023
Revenue: $1.8 billion
Net income: $143.1 million
EPS: $3.58 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 $143.1 million, or $3.58 per share, on sales of $1.8 billion for the third quarter ended September 30, 2023, compared with net income of $219.6 million, or $5.52 per share, on sales of $2.2 billion for the third quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001328581-23-000095

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