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Boise Cascade Company - BCC STOCK NEWS

Welcome to our dedicated page for Boise Cascade Company news (Ticker: BCC), a resource for investors and traders seeking the latest updates and insights on Boise Cascade Company stock.

Boise Cascade Company (NYSE: BCC) is a leader in the wood products industry with a robust nationwide distribution network. Headquartered in Boise, Idaho, the company excels in manufacturing and distributing quality wood products that help customers enhance their own businesses. Boise Cascade’s operations are divided into two primary segments: Wood Products and Building Materials Distribution.

The Wood Products segment specializes in engineered wood products (EWP) including laminated veneer lumber (LVL), I-joists, and laminated beams. Additionally, the company produces plywood and particleboard, maintaining a reputation for quality and innovation in the wood products market.

The Building Materials Distribution segment focuses on the wholesale distribution of a broad line of building materials. This includes not only Boise Cascade's own wood products but also externally sourced items such as plywood, OSB, siding, doors, metal products, insulation, and roofing. This segment is the company's primary revenue generator, highlighting Boise Cascade’s significance in the building materials distribution industry.

Boise Cascade has a proven track record of providing superior wood products and building materials to its customers. The company’s strategic partnerships and continual investments in product development ensure a competitive edge in both segments. Recent achievements include expanding their distribution network and enhancing product offerings to meet the evolving needs of the construction industry.

Investors eyeing Boise Cascade can look forward to the company’s commitment to growth and innovation, bolstered by a strong financial standing and a focus on sustainable practices. With its stock traded publicly on the New York Stock Exchange, Boise Cascade remains a significant player in the construction and building materials sector.

News

Boise Cascade Announces Leadership Transitions

Rhea-AI Summary
Boise Cascade Company (BCC) announces executive leadership transitions with Mike Brown and Erin Nuxoll retiring, and Troy Little and Angella Broesch being promoted. The transitions aim for a smooth succession plan and are praised for strategic leadership development.
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Boise Cascade Company Reports Fourth Quarter and Full Year 2023 Results

Rhea-AI Summary
Boise Cascade Company (BCC) reported a strong fourth quarter with a net income of $97.5 million and full-year 2023 net income of $483.7 million. Sales for the year were $6.8 billion. The CEO highlighted strong financial performance, growth strategies, and returns to shareholders.
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Boise Cascade Company Fourth Quarter and Full Year 2023 Earnings Webcast and Conference Call

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Boise Cascade Company (NYSE: BCC) will host a webcast and conference call to discuss 2023 fourth quarter and full year earnings on February 21, 2024. Analysts and investors can join the webcast and Q&A session, with the archived webcast available on the company's website.
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Boise Cascade Company Announces Quarterly Dividend of $0.20 Per Share

Rhea-AI Summary
Boise Cascade Company (BCC) has declared a quarterly dividend of $0.20 per share to holders of its common stock. The dividend will be paid on March 15, 2024, to stockholders of record on February 23, 2024. Future dividend declarations will depend on legal capital requirements, the company's operations and earnings, financial condition, cash requirements, and other relevant factors.
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Boise Cascade to Invest Additional $140MM to Support EWP Growth Strategy

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Boise Cascade Company (BCC) has announced new investments in Alabama and Louisiana to support its engineered wood products (EWP) growth strategy. The investments include adding I-joist production capabilities and converting a plywood layup line to a parallel laminated veneer line at the Chapman plywood facility in Alabama. The Chapman plywood facility extended employment opportunities to approximately 50 of the 80 associates affected by the recently announced Chapman lumber operations curtailment. In Louisiana, major projects planned include the upgrade and redesign of the log utilization center, a new veneer dryer and press, and modification of an existing veneer dryer. The total estimated capital expenditures for 2024 are $250 million to $270 million, which includes the investments in Alabama and Louisiana, as well as spending on greenfield distribution centers in Texas and South Carolina.
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Boise Cascade announces retirement of senior executive Tom Hoffmann

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Boise Cascade Company (BCC) announced the retirement of Tom Hoffmann, Senior Vice President of Purchasing, Building Materials Distribution (BMD) division, effective March 1, 2024. Tom joined Boise Cascade in 1981 and held various leadership positions. The company is reorganizing functional responsibilities to provide growth opportunities for emerging leaders. CEO Nate Jorgensen expressed gratitude for Tom's 43 years of service and dedication.
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Boise Cascade curtails lumber operations in Chapman, AL

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Boise Cascade Company (Boise Cascade) (NYSE: BCC) has announced an indefinite curtailment of its lumber production in Chapman, AL, affecting approximately 80 positions. The plywood operations at the Chapman location are not part of the curtailment. Operations will cease on January 28, 2024, due to required future investments and overall profitability challenges. The decision was difficult but necessary after evaluating various factors over the past year.
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Boise Cascade Moves Distribution Location to Modesto, CA

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Boise Cascade Company (BCC) completes purchase of 20-acre property in Modesto, CA, for its Building Materials Distribution (BMD) division. The new facility includes office space, 190,000 sq. ft. warehouse served by rail. The move aims to better serve the market and aligns with the company's growth strategy.
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Boise Cascade Company Reports Third Quarter 2023 Results

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Boise Cascade Company reported net income of $143.1 million, or $3.58 per share, on sales of $1.8 billion for Q3 2023, compared to net income of $219.6 million, or $5.52 per share, on sales of $2.2 billion for Q3 2022. The company recently completed the acquisition of BROSCO and expects to navigate market uncertainties as demand for new residential construction evolves.
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Boise Cascade Company Announces Quarterly and Special Dividends

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Boise Cascade Company has declared a quarterly dividend of $0.20 per share and a special dividend of $5.00 per share to its common stockholders. The dividends will be paid on December 15, 2023.
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FAQ

What is the current stock price of Boise Cascade Company (BCC)?

The current stock price of Boise Cascade Company (BCC) is $137.41 as of November 20, 2024.

What is the market cap of Boise Cascade Company (BCC)?

The market cap of Boise Cascade Company (BCC) is approximately 5.3B.

What does Boise Cascade Company do?

Boise Cascade manufactures engineered wood products, plywood, lumber, and particleboard. It also distributes building materials nationwide.

Where is Boise Cascade headquartered?

Boise Cascade is headquartered in Boise, Idaho.

What products are included in the Building Materials Distribution segment?

The Building Materials Distribution segment includes plywood, OSB, siding, doors, metal products, insulation, roofing, and engineered wood products.

Which segment generates the majority of Boise Cascade's revenue?

The Building Materials Distribution segment generates the majority of Boise Cascade's revenue.

On which stock exchange is Boise Cascade listed?

Boise Cascade is listed on the New York Stock Exchange under the symbol BCC.

What are engineered wood products (EWP)?

Engineered wood products (EWP) include laminated veneer lumber (LVL), I-joists, and laminated beams, which are known for their strength and versatility.

Does Boise Cascade have a nationwide distribution network?

Yes, Boise Cascade has a nationwide distribution network for its building materials.

How does Boise Cascade contribute to the construction industry?

Boise Cascade contributes by providing high-quality wood products and a broad range of building materials, helping enhance the operations of its customers.

What recent achievements has Boise Cascade made?

Recent achievements include expanding their distribution network and enhancing product offerings to meet industry demands.

Why should investors be interested in Boise Cascade?

Investors should be interested due to Boise Cascade's strong financial standing, commitment to growth, innovation, and sustainable practices in the wood products and building materials sectors.

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Boise Cascade Company

NYSE:BCC

BCC Rankings

#1259 Ranked by Market Cap
#1967 Ranked by Dividends

BCC Stock Data

5.28B
38.07M
0.88%
100.36%
2.55%
Building Materials
Wholesale-lumber & Other Construction Materials
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United States of America
BOISE