8-K
filed May 6, 2024, 7:59 PM ET
ticker BCC
CIK 0001328581
earnings
confidence high
sentiment positive
materiality 0.60
Boise Cascade Q1 net income up 8% to $104M; sales up 7% to $1.65B
BOISE CASCADE Co
2024-Q1 EPS reported
$2.61
revenue$1,645,420,000
- Diluted EPS $2.61 vs $2.43 in prior year; adjusted EBITDA $168.5M up 6%.
- Wood Products segment income $71.2M (+3%) on higher EWP volumes; LVL volumes +31%, I-joists +46%.
- BMD sales $1.505B (+9%) driven by 12% volume growth; gross margin improved to 15.1% from 14.8%.
- Cash and liquidity $1.286B; board declared $0.20/share quarterly dividend, payable June 17.
- Repurchased ~206K shares for $27M in Q1; FY2024 capex guided $250-270M.
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 first quarter ended March 31, 2024 results: revenue $1.6 billion, net income $104.1 million, EPS $2.61 per share.
- Period
- first quarter ended March 31, 2024
- Revenue
- $1.6 billion
- Net income
- $104.1 million
- EPS
- $2.61 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 $104.1 million, or $2.61 per share, on sales of $1.6 billion for the first quarter ended March 31, 2024, compared with 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.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BOISE CASCADE Co shareholders approved Ratification of Independent Accountant for 2024 at the 2024-05-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-02
Exact text from the filing
Proposal No. 3 - Ratification of Independent Accountant for 2024 The proposal requesting ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024, as described in the Proxy Statement was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BOISE CASCADE Co shareholders approved Advisory Vote to Approve Executive Compensation at the 2024-05-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-02
Exact text from the filing
Proposal No. 2 - Advisory Vote to Approve Executive Compensation The nonbinding advisory proposal to approve the compensation of our named executive officers as described in the Proxy Statement was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BOISE CASCADE Co shareholders approved Election of Eleven Directors at the 2024-05-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-02
Exact text from the filing
Proposal No. 1 - Election of Eleven Directors Shareholders elected eleven directors: Thomas Carlile, Steven Cooper, Craig Dawson, Karen Gowland, David Hannah, Amy Humphreys, Nate Jorgensen, Kristopher Matula, Duane McDougall, Christopher McGowan, and Sue Taylor, each to serve a one-year term expiring at the Company’s annual meeting in 2025. The final voting results with respect to each director-nominee are set forth below:
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.