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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.

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Boise Cascade Company has declared a quarterly dividend of $0.15 per share and a special dividend of $3.00 per share. Dividends will be paid on June 15, 2023, to stockholders of record on June 1, 2023.
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Boise Cascade Company (NYSE: BCC) is set to hold a webcast and conference call on May 5, 2023, at 11 a.m. Eastern to discuss its first quarter earnings for 2023. Investors and analysts can participate by visiting the Investor section of their website.

Boise Cascade is recognized as a top producer of engineered wood products and plywood in North America, as well as a significant wholesale distributor of building products in the U.S. For further details, the archived webcast will also be available on their site.

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Boise Cascade Company (NYSE: BCC) reported a fourth quarter net income of $117.4 million ($2.95 per share) on sales of $1.6 billion, reflecting a 31% decrease in net income year-over-year. For the full year 2022, net income was $857.7 million ($21.56 per share) on sales of $8.4 billion, a 20% increase from 2021. The company faced challenges with a 15% decline in U.S. housing starts, impacting demand for its products. Despite these pressures, Boise Cascade is focused on expanding its distribution capabilities and maintaining a strong balance sheet with $998.3 million in cash and cash equivalents. A quarterly dividend of $0.15 per share was declared, payable March 15, 2023.

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Boise Cascade Company (NYSE: BCC) will host a webcast and conference call on February 22, 2023, at 11 a.m. Eastern to discuss its fourth quarter and full year 2022 earnings. Investors and analysts can join the call through the company’s Investor Relations section. Boise Cascade is a leading producer of engineered wood products and plywood in North America, and a major distributor of building products in the U.S. The archived webcast will also be available on the company website for those unable to attend.

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Boise Cascade Company (NYSE: BCC) has announced a quarterly dividend of $0.15 per share, payable on March 15, 2023, to stockholders of record as of February 22, 2023. Future dividends will be determined by the Board of Directors based on various factors, including the company's financial condition and legal requirements. Boise Cascade is a major producer of engineered wood products and plywood in North America and a significant wholesale distributor of building products.

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Boise Cascade Company (NYSE: BCC) announced the opening of its 10th door shop in Kansas City, set to begin production in June 2023. This new facility covers 150,000 sq. ft. and supports the Building Materials Distribution (BMD) division, which already operates nine similar locations. Boise Cascade continues to collaborate with top brands, including Therma-Tru, Simpson, and Steves & Sons, to enhance product offerings. Executives expressed enthusiasm about improving customer service and product quality through this expansion, reinforcing their commitment to the market and partner relationships.

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Boise Cascade Company (NYSE: BCC) has announced the retirement of Rich Viola, Senior Vice President of Sales and Marketing in the Building Materials Distribution division, effective March 1, 2023. Viola, who began his career in 1980, joined Boise Cascade in 1999 and has played a significant role in expanding the company’s distribution network. Nathan Sikes will succeed Viola, having been with the company since 2006 and having held various leadership roles. CEO Nate Jorgensen praised Viola's contributions to the company, while the transition to Sikes is viewed positively as it utilizes internal talent.

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Boise Cascade’s Building Materials Distribution (BMD) division has expanded its distribution capacity through new acquisitions in Walterboro, SC, and Hondo, TX. The 45-acre site in Walterboro will serve markets around Charleston and Myrtle Beach, while the 34-acre site in Hondo will enhance distribution capabilities in Texas, serving areas including San Antonio and Austin. These new facilities aim to improve customer service and product offerings in high-growth markets. Construction is expected to commence shortly, reinforcing the company's growth strategy in engineered wood products and building materials.

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Boise Cascade reported net income of $219.6 million, or $5.52 per share, for Q3 2022, significantly up from $91.7 million the previous year. Sales rose to $2.2 billion, a 15% increase year-over-year. The Wood Products segment saw a 20% sales increase, primarily due to higher prices for engineered wood products. However, the company notes that demand may decline due to economic conditions affecting the residential construction market. Shareholder returns included a quarterly dividend increase and a special dividend. The company ended Q3 with $867.1 million in cash.

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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 $140.36 as of November 21, 2024.

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

The market cap of Boise Cascade Company (BCC) is approximately 5.4B.

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.

Boise Cascade Company

NYSE:BCC

BCC Rankings

BCC Stock Data

5.38B
38.07M
0.88%
100.36%
2.55%
Building Materials
Wholesale-lumber & Other Construction Materials
Link
United States of America
BOISE