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Dec 31, 2024
Boise Cascade Q4 2024 Earnings Report
Boise Cascade reported a decline in sales and profitability in Q4 2024, primarily due to lower prices and volumes in key product categories.
Key Takeaways
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.
Q4 2024 revenue decreased 5% YoY to $1.57 billion.
Net income dropped 29% YoY to $68.9 million, with diluted EPS at $1.78.
Lower prices for LVL, I-joists, and plywood impacted performance.
Cash and cash equivalents ended at $713.3 million.
Boise Cascade
Boise Cascade
Boise Cascade Revenue by Segment
Revenue by Segment
Wood Products Revenue
CapyFin.comBuilding Materials Distribution Revenue
CapyFin.com Forward Guidance
Boise Cascade expects continued uncertainty in 2025 due to macroeconomic conditions and residential construction trends, though the company remains well-positioned with a strong balance sheet.
Positive Outlook
- Strong balance sheet supports reinvestment and growth.
- Single-family housing starts increased 7% in 2024, providing stable demand.
- Continued capital investments in production and distribution centers.
- Higher homeowner equity may support home improvement spending.
- Potential stabilization of commodity prices in 2025.
Challenges Ahead
- Overall housing starts declined 6% in Q4 2024.
- Multi-family housing construction remains weak.
- Input costs remain elevated, impacting profitability.
- Market uncertainty due to interest rate environment.
- Competitive pressures may limit margin expansion.