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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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