earnings
confidence high
sentiment negative
materiality 0.70
Boise Cascade Q3 net income down 36% to $91M; sales fell 7% to $1.7B
BOISE CASCADE Co
2024-Q3 EPS reported
$7.78
revenue$5,156,814,000
- Diluted EPS of $2.33, down from $3.58 a year ago; adjusted EBITDA $154.5M (-29%).
- Wood Products segment income $53.9M (-46%) on lower plywood/EWP prices and higher costs.
- BMD segment income $74.8M (-23%) as commodity sales fell 12%; gross margin improved to 15.7%.
- Board declared $0.21 quarterly dividend plus authorized 1.4M share repurchase addition.
- 2024 capex guidance $220-240M; 2025 expected $200-220M; industry sees ~1.35M U.S. housing starts.