Boise Cascade Q4 EPS $2.44, net income down 17% YoY; full-year EPS $12.12 vs $21.56; EVP Brown retiring

BOISE CASCADE Co

2023-FY EPS reported $12.12 revenue$6,838,245,000

Q4 net income $97.5M ($2.44 diluted EPS); FY2023 net income $483.7M ($12.12) vs $857.7M ($21.56) in 2022.
Q4 sales $1.64B (+1% YoY); FY sales $6.84B (-18% YoY). Wood Products segment income -41% FY, BMD -46% FY.
Wood Products Q4 segment income $64.1M (vs $75.0M); includes $6.2M accelerated depreciation from Chapman, AL lumber curtailment.
Board declared $0.20/share quarterly dividend (payable March 15). 2024 capex guidance $250-270M, excluding acquisitions.
Mike Brown, EVP Wood Products, to retire May 3; Troy Little appointed EVP Wood Products effective Feb 19. Also Erin Nuxoll retires; Angella Broesch promoted.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Mike Brown

EVP Wood Products

BCC · BOISE CASCADE Co

Effective: 2024-05-03
Successor: Troy Little
Filed: February 20, 2024, 6:59 PM ET

On February 15, 2024, Mike Brown, EVP Wood Products of Boise Cascade Company, notified the Company of his retirement effective May 3, 2024.

Appointed

Troy Little

EVP Wood Products

BCC · BOISE CASCADE Co

Effective: 2024-02-19
Filed: February 20, 2024, 6:59 PM ET

On February 20, 2024, Boise Cascade issued a press release announcing that on February 15, 2024, the Board of Directors of Boise Cascade appointed Troy Little, age 56, as EVP Wood Products, with an effective date of February 19, 2024.

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 fourth quarter ended December 31, 2023 results: revenue $1.6 billion, net income $97.5 million, EPS $2.44 per share.

Period: the fourth quarter ended December 31, 2023
Revenue: $1.6 billion
Net income: $97.5 million
EPS: $2.44 per share
Result: reported results

Exact text from the filing

Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE: BCC) today reported fourth quarter net income of $97.5 million, or $2.44 per share, on sales of $1.6 billion.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BOISE CASCADE Co reported the full year ended December 31, 2023 results: revenue $6.8 billion, net income $483.7 million, EPS $12.12 per share.

Period: the full year ended December 31, 2023
Revenue: $6.8 billion
Net income: $483.7 million
EPS: $12.12 per share
Result: reported results

Exact text from the filing

For the full year 2023, Boise Cascade reported net income of $483.7 million, or $12.12 per share, on sales of $6.8 billion.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mike Brown retired as EVP Wood Products at BOISE CASCADE Co.

Action: retired
Role: EVP Wood Products

Exact text from the filing

On February 15, 2024, Mike Brown, EVP Wood Products of Boise Cascade Company, notified the Company of his retirement effective May 3, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Troy Little was appointed as EVP Wood Products at BOISE CASCADE Co.

Action: appointed
Role: EVP Wood Products

Exact text from the filing

On February 20, 2024, Boise Cascade issued a press release announcing that on February 15, 2024, the Board of Directors of Boise Cascade appointed Troy Little, age 56, as EVP Wood Products, with an effective date of February 19, 2024.

View on SEC.gov

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BOISE CASCADE Co filing history →

Source: SEC EDGAR

accession 0001328581-24-000017

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