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.
Boise Cascade Company (NYSE: BCC) reported net income of $302.6 million ($7.61 per share) for Q1 2022, a 103% increase from $149.2 million ($3.76 per share) in Q1 2021. Sales rose 28% to $2.3 billion driven by higher product prices and stable demand, particularly for wood products. The company maintains a robust balance sheet with $922.7 million in cash. A quarterly dividend of $0.12 plus a supplemental $2.50 was declared for June 2022. However, potential risks include labor shortages and fluctuating commodity prices impacting future profitability.
Boise Cascade Company (NYSE: BCC) has announced a quarterly dividend of $0.12 per share, along with a supplemental dividend of $2.50 per share. These dividends are set to be paid on June 15, 2022 to stockholders of record on June 1, 2022. The company's future dividend declarations will rely on various factors including legal capital requirements, future operations and earnings, and financial conditions.
Boise Cascade is a major producer of engineered wood products and plywood in North America, and a leading distributor of building products in the U.S.
Boise Cascade Company (NYSE: BCC) announced the election of Craig Dawson and Amy Humphreys to its Board of Directors following its Annual Shareholders’ Meeting on May 5, 2022. Dawson brings leadership experience from Retail Lockbox, Inc. and Unisys Corporation, while Humphreys has 25 years in manufacturing and has held executive roles in various industries. Rick Fleming retired from the Board after nine years, having contributed significantly as CFO of USG Corporation. The new members are expected to enhance the Board's strategic and operational insight.
Boise Cascade Company (NYSE: BCC) has announced the promotion of Joanna Barney to Vice President of Western Operations, Building Materials Distribution, and Troy Little to Vice President of Finance and Commodity Sales, Wood Products division. Both executives have extensive experience within the company, with Barney having joined in 2005 and Little in 1990. CEO Nate Jorgensen expressed confidence that their leadership will drive key initiatives and business growth.
Boise Cascade Company (NYSE: BCC) will host a webcast and conference call on
Boise Cascade Company (BCC) reported a remarkable fourth quarter 2021, achieving a net income of $169.1 million or $4.26 per share, driven by sales of $1.8 billion, a 21% increase from the prior year. For the full year, net income reached $712.5 million (up 307% year-over-year) on sales of $7.9 billion. Strong demand in the housing market and strategic capital allocation enabled these results, despite ongoing supply-side challenges. The company anticipates continued strength in demand for 2022, with capital expenditures projected between $110 million and $130 million.
Boise Cascade Company (NYSE: BCC) announced the promotion of three business leaders: Rob Johnson as Sr. VP of Engineered Wood Products, Chris Seymour as Sr. VP of Manufacturing Operations, and Jim Wickham as VP of Building Materials Distribution, Eastern Operations. Johnson, who joined in 2014, has an extensive background in sales and marketing. Seymour, with over two decades at the company, is experienced in manufacturing operations. Wickham, who has been with Boise Cascade since 2008, has a strong history in distribution management. CEO Nate Jorgensen highlighted their leadership amid challenging times.
Boise Cascade Company (NYSE: BCC) will host a conference call on February 23, 2022, at 11 a.m. Eastern to discuss its fourth quarter and full year earnings for 2021. Investors can participate by dialing 844-795-4410 (international: 661-378-9637) with passcode 1199020. The call will also be available via webcast on the company's website. A replay will be accessible from February 23, 2022, at 2 p.m. Eastern until March 2, 2022. Boise Cascade is a leading producer of engineered wood products and plywood in North America.
Boise Cascade has declared a quarterly dividend of $0.12 per share for stockholders of record on February 22, 2022, with a payment date set for March 15, 2022. The future dividends will depend on various factors, including the company’s operations, earnings, and legal capital requirements. Boise Cascade is a major producer of engineered wood products and plywood in North America and a leading distributor of building products. For more information, visit www.bc.com.
Boise Cascade Company (NYSE: BCC) announced an expansion of its Building Materials Distribution (BMD) operations in Minnesota and Northern Kentucky. The Lakeville, MN branch will add 13 acres, which will enhance the engineered wood products line and increase rail capacity. In Walton, KY, the BMD Cincinnati branch is relocating to a new 200,000 sq. ft. warehouse to improve operational efficiency and product offerings. These initiatives align with the company's growth strategy and aim to better serve markets across Greater Cincinnati and beyond.
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