Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates in two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; and structural, appearance, and industrial plywood panels. This segment's products are used in new residential construction, residential repair-and-remodeling markets, light commercial construction, and industrial applications. It sells its products to wholesalers, home improvement centers, retail lumberyards, and industrial converters. The Building Materials Distribution segment distributes a line of building materials, including oriented strand boards, plywood, and lumber; general line items, such as siding, composite decking, doors, metal products, insulation, and roofing; and engineered wood products. This segment sells its products to retail lumberyards, home improvement centers, and specialty distributors. The company was founded in 2004 and is headquartered in Boise, Idaho.
IPO Year: 2013
Exchange: NYSE
Website: bc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $155.00 | Buy | Loop Capital |
| 10/16/2023 | $111.00 | Neutral → Underperform | BofA Securities |
| 7/10/2023 | Underperform → Neutral | BofA Securities | |
| 6/28/2023 | $66.00 → $100.00 | Hold → Buy | Truist |
| 10/13/2022 | Neutral → Underperform | BofA Securities | |
| 6/29/2022 | $64.00 | Hold | Truist |
| 6/23/2022 | $71.00 | Buy → Neutral | BofA Securities |
| 5/10/2022 | Buy → Hold | The Benchmark Company | |
| 2/24/2022 | $80.00 → $82.00 | Neutral → Buy | DA Davidson |
| 1/21/2022 | $77.00 | Sell → Neutral | Goldman Sachs |
Boise Cascade Company (Boise Cascade) (NYSE:BCC) today announced the retirement of Tom Hoffmann, Senior Vice President of Purchasing, Building Materials Distribution (BMD) division, effective March 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240115997907/en/Tom Hoffmann, Senior Vice President of Purchasing, Boise Cascade Company (Photo: Business Wire) Tom joined Boise Cascade in 1981. He served in many key roles and leadership positions over the years, including Division Operations Manager, Pacific Region Manager, and Denver Branch Manager. Tom holds a bachelor's degree in business with a dual major in management and
Boise Cascade Company's (NYSE:BCC) Building Materials Distribution (BMD) division announced today that it has completed the purchase of a 20-acre property in Modesto, CA. The Company's current operations in Lathrop, CA, will relocate to this new facility, which includes office space and 190,000 sq. ft. enclosed warehouse served by rail. "We are very excited to join the Modesto community," said Bill Carr, Branch Manager. "This move will better enable us to serve our entire market today as well as put us in a fantastic position for the future." "The purchase in Modesto aligns with our growth strategy in the markets we currently serve to expand product depth and service for our customers
Boise Cascade Company (Boise Cascade) (NYSE:BCC) today announced the retirement of Rich Viola, Senior Vice President of Sales and Marketing, Building Materials Distribution (BMD) division, effective March 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230117006063/en/Rich Viola, Senior Vice President, Boise Cascade (Photo: Business Wire) Rich began his career at Billerica, Massachusetts-based Furman Lumber in 1980 after earning his bachelor's degree in marketing from Northeastern University in Boston. In 1999, Rich joined Boise Cascade when it acquired Furman. He steadily advanced through various sales and marketing role
BOISE, Idaho, Feb. 12, 2021 (GLOBE NEWSWIRE) -- US Ecology, Inc. (“US Ecology” or the “Company”) [NASDAQ-GS:ECOL] is pleased to announce the appointment of Mack L. Hogans as a new independent director of its Board of Directors (the “Board”), increasing the number of directors to ten (10), nine of whom are independent. Jeffrey R. Feeler, Chairman and Chief Executive Officer, commented, “We are pleased to have Mack join our Board. His extensive experience in leadership, strategy, M&A, governance and ESG programs, combined with extensive public board experience, will be a welcomed addition to our Board, complementing the talent of our existing Board members. We welcome Mack's immediate contr
BOISE, Idaho--(BUSINESS WIRE)--Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced today that Nick Stokes, executive vice president of the Company’s Building Materials Distribution (BMD) business, has elected to retire on March 12, 2021, with 42 years of service. The board of directors has appointed Jeff Strom to the role of executive vice president of the BMD division. A veteran company and industry leader, Mr. Stokes joined Boise Cascade in 1979 after earning a bachelor’s degree in both management and marketing from the University of Utah. He held positions of increasing responsibility, including all areas of branch operations and sales, before being promoted to vice pres
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE:BCC) today reported net income of $91.0 million, or $2.33 per share, on sales of $1.7 billion for the third quarter ended September 30, 2024, compared with net income of $143.1 million, or $3.58 per share, on sales of $1.8 billion for the third quarter ended September 30, 2023. "In what has proven to be a moderate demand environment, once again, we were able to deliver good financial results in the third quarter. We could not have done this without the tremendous efforts of our associates and our unique combination of best-in-class engineered wood products and an unmatched nationwide wholesale distribution network
Boise Cascade Company's (Boise Cascade or the Company) (NYSE:BCC) Board of Directors declared a quarterly dividend of $0.21 per share to holders of its common stock. The dividend will be paid on December 18, 2024 to stockholders of record on December 2, 2024. Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus, the Company's future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our asset-based credit facility and the indenture governing our senior notes, applicable laws, and oth
Boise Cascade Company (NYSE:BCC) will host a webcast and conference call to discuss 2024 third quarter earnings on Tuesday, November 5, 2024, at 10 a.m. Eastern. To join the webcast, go to the Investors section of our website at www.bc.com/investors and select the Event Calendar link. Analysts and investors who wish to ask questions during the Q&A session can register for the call here. The archived webcast will be available in the Investors section of Boise Cascade's website. About Boise Cascade Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, pleas
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE:BCC) today reported net income of $112.3 million, or $2.84 per share, on sales of $1.8 billion for the second quarter ended June 30, 2024, compared with net income of $146.3 million, or $3.67 per share, on sales of $1.8 billion for the second quarter ended June 30, 2023. "Our team delivered solid financial performance in the second quarter while operating in a somewhat tepid demand environment influenced by elevated mortgage rates and economic uncertainties. In addition, spending on our organic growth projects progressed as expected and returns of capital to our shareholders were again in clear focus, including t
Boise Cascade Company's (Boise Cascade or the Company) (NYSE:BCC) Board of Directors has declared a quarterly dividend of $0.21 per share, an increase of $0.01 per share or 5%, as well as a special dividend of $5.00 per share, to holders of its common stock. The dividends will be paid on September 16, 2024 to stockholders of record on September 3, 2024. Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus, the Company's future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our a
Boise Cascade Company (NYSE:BCC) will host a webcast and conference call to discuss 2024 second quarter earnings on Tuesday, August 6, 2024, at 11 a.m. Eastern. To join the webcast, go to the Investors section of our website at www.bc.com/investors and select the Event Calendar link. Analysts and investors who wish to ask questions during the Q&A session can register for the call here. The archived webcast will be available in the Investors section of Boise Cascade's website. About Boise Cascade Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, pl
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE:BCC) today reported net income of $104.1 million, or $2.61 per share, on sales of $1.6 billion for the first quarter ended March 31, 2024, compared with net income of $96.7 million, or $2.43 per share, on sales of $1.5 billion for the first quarter ended March 31, 2023. "I am pleased with the strong financial results that our team delivered during the first quarter. As expected, it was a period influenced by seasonal factors and the relative strength of new single-family starts," stated Nate Jorgensen, CEO. "As we enter the second quarter, economic and geopolitical uncertainties are prevalent, and the extent of t
Boise Cascade Company's (Boise Cascade or the Company) (NYSE:BCC) Board of Directors has declared a quarterly dividend of $0.20 per share to holders of its common stock. The dividend will be paid on June 17, 2024 to stockholders of record on June 3, 2024. Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus, the Company's future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our asset-based credit facility and the indenture governing our senior notes, applicable laws, and other
Boise Cascade Company (NYSE:BCC) will host a webcast and conference call to discuss 2024 first quarter earnings on Tuesday, May 7, 2024, at 11 a.m. Eastern. To join the webcast, go to the Investors section of our website at www.bc.com/investors and select the Event Calendar link. Analysts and investors who wish to ask questions during the Q&A session can register for the call here. The archived webcast will be available in the Investors section of Boise Cascade's website. About Boise Cascade Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, please
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE:BCC) today reported fourth quarter net income of $97.5 million, or $2.44 per share, on sales of $1.6 billion. For the full year 2023, Boise Cascade reported net income of $483.7 million, or $12.12 per share, on sales of $6.8 billion. For 2022 comparative results, see the table below. "We closed out 2023 with a fourth quarter that delivered strong financial performance, further execution of our growth strategies through organic and acquisition initiatives, and meaningful returns to our shareholders through share price gains and dividends. I remain humbled and grateful for our team as we continue to execute on stra
Trex Company (NYSE:TREX), the world's largest manufacturer of high-performance, wood-alternative decking and railing, has strengthened its relationship with Boise Cascade (NYSE:BCC), the leading national distributor of building products. Moving forward, Trex will be the only brand of composite decking and deck railings sold and distributed by Boise locations participating in the Trex program across the country, including incremental Trex distribution that Boise is gaining in New Jersey and the surrounding region. This increased commitment to Trex correlates with the brand's expanded product offering. After bolstering its decking portfolio with introductions like Trex Signature® and Trex T
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE:BCC) today reported net income of $91.0 million, or $2.33 per share, on sales of $1.7 billion for the third quarter ended September 30, 2024, compared with net income of $143.1 million, or $3.58 per share, on sales of $1.8 billion for the third quarter ended September 30, 2023. "In what has proven to be a moderate demand environment, once again, we were able to deliver good financial results in the third quarter. We could not have done this without the tremendous efforts of our associates and our unique combination of best-in-class engineered wood products and an unmatched nationwide wholesale distribution network
Boise Cascade Company's (Boise Cascade or the Company) (NYSE:BCC) Board of Directors declared a quarterly dividend of $0.21 per share to holders of its common stock. The dividend will be paid on December 18, 2024 to stockholders of record on December 2, 2024. Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus, the Company's future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our asset-based credit facility and the indenture governing our senior notes, applicable laws, and oth
Boise Cascade Company (NYSE:BCC) will host a webcast and conference call to discuss 2024 third quarter earnings on Tuesday, November 5, 2024, at 10 a.m. Eastern. To join the webcast, go to the Investors section of our website at www.bc.com/investors and select the Event Calendar link. Analysts and investors who wish to ask questions during the Q&A session can register for the call here. The archived webcast will be available in the Investors section of Boise Cascade's website. About Boise Cascade Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, pleas
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE:BCC) today reported net income of $112.3 million, or $2.84 per share, on sales of $1.8 billion for the second quarter ended June 30, 2024, compared with net income of $146.3 million, or $3.67 per share, on sales of $1.8 billion for the second quarter ended June 30, 2023. "Our team delivered solid financial performance in the second quarter while operating in a somewhat tepid demand environment influenced by elevated mortgage rates and economic uncertainties. In addition, spending on our organic growth projects progressed as expected and returns of capital to our shareholders were again in clear focus, including t
Boise Cascade Company's (Boise Cascade or the Company) (NYSE:BCC) Board of Directors has declared a quarterly dividend of $0.21 per share, an increase of $0.01 per share or 5%, as well as a special dividend of $5.00 per share, to holders of its common stock. The dividends will be paid on September 16, 2024 to stockholders of record on September 3, 2024. Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus, the Company's future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our a
Boise Cascade Company (NYSE:BCC) will host a webcast and conference call to discuss 2024 second quarter earnings on Tuesday, August 6, 2024, at 11 a.m. Eastern. To join the webcast, go to the Investors section of our website at www.bc.com/investors and select the Event Calendar link. Analysts and investors who wish to ask questions during the Q&A session can register for the call here. The archived webcast will be available in the Investors section of Boise Cascade's website. About Boise Cascade Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, pl
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE:BCC) today reported net income of $104.1 million, or $2.61 per share, on sales of $1.6 billion for the first quarter ended March 31, 2024, compared with net income of $96.7 million, or $2.43 per share, on sales of $1.5 billion for the first quarter ended March 31, 2023. "I am pleased with the strong financial results that our team delivered during the first quarter. As expected, it was a period influenced by seasonal factors and the relative strength of new single-family starts," stated Nate Jorgensen, CEO. "As we enter the second quarter, economic and geopolitical uncertainties are prevalent, and the extent of t
Boise Cascade Company ("Boise Cascade" or the "Company") (NYSE:BCC) today announced the promotion of Chris Forrey to Vice President, Finance and Investor Relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240502936610/en/Chris Forrey, Boise Cascade, Vice President, Finance & Investor Relations (Photo: Business Wire) Chris joined Boise Cascade in 2005 and was promoted to his most recent role of Senior Finance Director in March 2022, where he has led the tax, financial reporting, accounts payable, and financial systems teams. He has also been a key contributor to the investor relations and M&A efforts for the Company. Chr
Boise Cascade Company's (Boise Cascade or the Company) (NYSE:BCC) Board of Directors has declared a quarterly dividend of $0.20 per share to holders of its common stock. The dividend will be paid on June 17, 2024 to stockholders of record on June 3, 2024. Future dividend declarations, including amount per share, record date and payment date, will be made by the board of directors and will depend upon, among other things, legal capital requirements and surplus, the Company's future operations and earnings, general financial condition, material cash requirements, restrictions imposed by our asset-based credit facility and the indenture governing our senior notes, applicable laws, and other
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Boise Cascade's (NYSE:BCC) short percent of float has fallen 5.15% since its last report. The company recently reported that it has 988 thousand shares sold short, which is 3.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.01 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Truist Securities analyst Michael Roxland maintains Boise Cascade (NYSE:BCC) with a Buy and lowers the price target from $175 to $159.
Goldman Sachs analyst Susan Maklari maintains Boise Cascade (NYSE:BCC) with a Neutral and lowers the price target from $140 to $122.
Boise Cascade's (NYSE:BCC) short percent of float has fallen 33.56% since its last report. The company recently reported that it has 1.04 million shares sold short, which is 3.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.96 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Boise Cascade (NYSE:BCC) reported quarterly earnings of $2.61 per share which beat the analyst consensus estimate of $2.28 by 14.47 percent. The company reported quarterly sales of $1.645 billion which beat the analyst consensus estimate of $1.563 billion by 5.22 percent. This is a 6.54 percent increase over sales of $1.544 billion the same period last year.
Boise Cascade's (NYSE:BCC) short percent of float has fallen 15.29% since its last report. The company recently reported that it has 1.16 million shares sold short, which is 4.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.24 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Loop Capital initiated coverage of Boise Cascade with a rating of Buy and set a new price target of $155.00
BofA Securities downgraded Boise Cascade from Neutral to Underperform and set a new price target of $111.00
BofA Securities upgraded Boise Cascade from Underperform to Neutral
Truist upgraded Boise Cascade from Hold to Buy and set a new price target of $100.00 from $66.00 previously
BofA Securities downgraded Boise Cascade from Neutral to Underperform
Truist initiated coverage of Boise Cascade with a rating of Hold and set a new price target of $64.00
BofA Securities downgraded Boise Cascade from Buy to Neutral and set a new price target of $71.00
The Benchmark Company downgraded Boise Cascade from Buy to Hold
DA Davidson upgraded Boise Cascade from Neutral to Buy and set a new price target of $82.00 from $80.00 previously
Goldman Sachs upgraded Boise Cascade from Sell to Neutral and set a new price target of $77.00