Boise Cascade reported Q4 2024 revenue of $1.57 billion, a 5% decline from Q4 2023. Net income dropped 29% year-over-year to $68.9 million, with diluted EPS at $1.78. Lower prices for laminated veneer lumber (LVL), I-joists, and plywood, coupled with decreased sales volume, contributed to the decline. The company's operating income stood at $92.7 million, while cash and cash equivalents ended at $713.3 million.
Boise Cascade reported a 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. This compares to a 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.
Boise Cascade reported a net income of $112.3 million on sales of $1.8 billion for Q2 2024, compared to a net income of $146.3 million on sales of $1.8 billion for the same quarter in 2023. The company highlighted solid financial performance despite a tepid demand environment.
Boise Cascade reported a 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. This compares to a net income of $96.7 million, or $2.43 per share, on sales of $1.5 billion for the same period in 2023.
Boise Cascade Company reported Q4 2023 net income of $97.5 million, or $2.44 per share, on sales of $1.6 billion. The company is optimistic about new single-family residential construction activity in 2024 and remains committed to a balanced approach to capital allocation.
Boise Cascade reported 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, compared with net income of $219.6 million, or $5.52 per share, on sales of $2.2 billion for the third quarter ended September 30, 2022.
Boise Cascade reported a 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. While these figures are lower compared to the second quarter of 2022, the company demonstrated resilience amidst economic uncertainties, particularly in the residential construction market.
Boise Cascade reported a 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. This is compared to a net income of $302.6 million, or $7.61 per share, on sales of $2.3 billion for the first quarter ended March 31, 2022.
Boise Cascade Company reported Q4 2022 net income of $117.4 million, or $2.95 per share, on sales of $1.6 billion. The results reflect a decrease in both net income and sales compared to the fourth quarter of 2021, driven by lower sales volumes in the Wood Products segment and decreased sales in the Building Materials Distribution segment.
Boise Cascade reported net income of $219.6 million, or $5.52 per share, on sales of $2.2 billion for the third quarter ended September 30, 2022, compared with net income of $91.7 million, or $2.31 per share, on sales of $1.9 billion for the third quarter ended September 30, 2021.
Boise Cascade Company reported net income of $218.1 million, or $5.49 per share, on sales of $2.3 billion for the second quarter ended June 30, 2022, compared with net income of $302.6 million, or $7.62 per share, on sales of $2.4 billion for the second quarter ended June 30, 2021.
Boise Cascade reported a strong first quarter in 2022, with net income of $302.6 million and sales of $2.3 billion. Both the Wood Products and Building Materials Distribution businesses delivered tremendous financial results. The company is focused on deploying capital to create shareholder value, including execution of growth strategies.
Boise Cascade reported a net income of $169.1 million, or $4.26 per share, on sales of $1.8 billion for the fourth quarter of 2021. The company benefited from strong demand and supply-side constraints, leading to an unprecedented year. They also returned capital to shareholders and advanced growth strategies.
Boise Cascade Company reported a decrease in net income for Q3 2021 compared to Q3 2020, with net income at $91.7 million versus $103.2 million, despite an increase in sales from $1.6 billion to $1.9 billion. The results were influenced by strong engineered wood and general line product sales mitigating the impact of commodity product pricing declines.
Boise Cascade Company reported exceptional second quarter 2021 results, with net income of $302.6 million and sales of $2.4 billion, driven by strong residential construction and favorable commodity wood products pricing.
Boise Cascade reported a significant increase in net income and sales for the first quarter of 2021 compared to the same period in 2020. Net income reached $149.2 million, or $3.76 per share, on sales of $1.8 billion, driven by strong demand and higher commodity prices.
Boise Cascade reported Q4 net income of $26.0 million, or $0.66 per share, on sales of $1.5 billion. The results were negatively impacted by non-cash items, including pension settlement charges and income tax expense related to the elimination of the defined benefit pension plan.
Boise Cascade reported net income of $103.2 million, or $2.61 per share, on sales of $1.6 billion for the third quarter ended September 30, 2020. The results reflect significant increases compared to the third quarter of 2019, driven by extraordinary market conditions and strong execution.
Boise Cascade Company reported net income of $33.6 million, or $0.85 per share, on sales of $1.2 billion for the second quarter ended June 30, 2020. Both Wood Products and Building Materials Distribution delivered strong financial results.
Boise Cascade reported a net income of $12.2 million, or $0.31 per share, on sales of $1.2 billion for the first quarter ended March 31, 2020. The results include pre-tax accelerated depreciation and other curtailment related costs of $15.0 million and $1.7 million respectively, due to the permanent curtailment of I-joist production at the Roxboro, North Carolina, facility.
Boise Cascade reported Q4 net income of $14.6 million, or $0.37 per share, on sales of $1.1 billion. The company's performance was driven by favorable weather conditions that allowed homebuilders to maintain solid activity levels, leading to increased product demand.