Boise Cascade Q2 net income falls 23% to $112M; declares $5 special dividend

BOISE CASCADE Co

2024-Q2 EPS reported $5.44 revenue$3,443,090,000

Net income $112.3M ($2.84 diluted EPS) vs $146.3M ($3.67) YoY; sales flat at $1.8B.
Wood Products sales down 8% to $490M; segment income fell 30% to $72.8M on lower EWP pricing and higher costs.
BMD sales up 1% to $1.66B; income down 13% due to higher selling and distribution expenses.
Board declared a $0.21 quarterly dividend and a $5.00 special dividend, payable Sept. 16, 2024.
Cash and liquidity $1.32B; capex guidance $250-270M for 2024; $88.9M share repurchases in H1 2024.

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