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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) 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.
Boise Cascade Company (NYSE: BCC) announced plans to expand its Ohio Valley Building Materials Distribution network with a new distribution center in Marion, OH. The facility will cover 20 acres and feature a 100,000 sq. ft. warehouse, along with 13 acres for lumber storage. This expansion aims to enhance product offerings for existing customers and improve service capacity, employing 32 associates. Boise Cascade has a strong 20-year presence in the area and plans to break ground in early 2022.
Boise Cascade reported third-quarter 2021 net income of $91.7 million, or $2.31 per share, on $1.9 billion in sales, up 18% from $1.6 billion in Q3 2020. Despite strong wood product sales, net income decreased 11% year-over-year, with adjusted EBITDA down 16%. Wood Products sales surged 37%, while Building Materials Distribution sales rose by 20%, although income plummeted 85%. The company declared a quarterly dividend of $0.12 and a supplemental dividend of $3.00. Looking forward, positive demand for residential construction is anticipated, amidst potential concerns from COVID-19 variants and commodity price volatility.
Boise Cascade Company (NYSE: BCC) has declared a quarterly dividend of $0.12 per share, a 20% increase from the previous amount, along with a supplemental dividend of $3.00 per share. These dividends will be distributed on December 15, 2021, to stockholders of record as of December 1, 2021. CEO Nate Jorgensen emphasized the company's commitment to maintaining a flexible capital allocation strategy while rewarding shareholders. Future dividends will depend on various factors including the company's financial condition and operational performance.
Boise Cascade Company (NYSE: BCC) will host a webcast and conference call to discuss its third quarter 2021 earnings on November 2, 2021, at 11 a.m. Eastern. Investors can participate by calling 844-795-4410 (passcode 1675748) or via the webcast on their Investor Relations page. A replay will be available from November 2 at 2 p.m. Eastern until November 9, with specific numbers for U.S. and international callers. Boise Cascade is a leading producer of engineered wood products and plywood in North America and a major U.S. wholesale distributor of building products.
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