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Boise Cascade Co (BCC.N)

BCC.N on New York Stock Exchange

38.40USD
25 Sep 2020
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$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Boise Cascade Q1 Earnings Per Share $0.31
Friday, 8 May 2020 

May 7 (Reuters) - Boise Cascade Co ::MPANY REPORTS FIRST QUARTER 2020 RESULTS AND PROVIDES COVID-19 BUSINESS UPDATE.Q1 EARNINGS PER SHARE $0.31.Q1 SALES $1.2 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.09 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.46 -- REFINITIV IBES DATA.BOISE CASCADE -BELIEVE CASH FLOWS FROM OPERATIONS, CASH LEVELS, BORROWING CAPACITY, TO BE ADEQUATE TO FUND DEBT SERVICE REQUIREMENTS, PROVIDE CASH, PAY DIVIDENDS OVER 12 MONTHS.EXPECT TO FUND OUR SEASONAL AND INTRA-MONTH WORKING CAPITAL REQUIREMENTS IN 2020 FROM CASH ON HAND.IDENTIFIED A NUMBER OF OTHER CASH SAVING MEASURES THAT MAY BE IMPLEMENTED IN NEAR TERM.EXPECT TO CONTINUE TEMPORARY CURTAILMENT OF CERTAIN OPERATIONS UNTIL MARKET CONDITIONS IMPROVE.WOOD PRODUCTS SEGMENT HAS IMPLEMENTED CHANGES TO REDUCE VOLUME OF EWP AND PLYWOOD IT WILL PRODUCE.IN APRIL 2020, TEMPORARILY CURTAILED/REDUCED OPERATING SCHEDULES AT ESSENTIALLY ALL MANUFACTURING FACILITIES.EXPECT ECONOMIC CONSEQUENCES OF COVID-19 TO NEGATIVELY IMPACT RESIDENTIAL CONSTRUCTION.CURRENT COMPOSITE PANEL AND LUMBER PRICES ARE APPROXIMATELY 15% BELOW PEAKS OF MID-MARCH 2020.ANTICIPATE THAT COMMODITY PRODUCTS PRICING IN Q2 OF 2020 WILL REMAIN AT CURRENT LOW LEVELS.  Full Article

Boise Cascade Provides Covid-19 Business Update
Monday, 6 Apr 2020 

April 6 (Reuters) - Boise Cascade Co ::BOISE CASCADE PROVIDES COVID-19 BUSINESS UPDATE.BOISE CASCADE - PLANNING REDUCTIONS IN PLYWOOD PRODUCTION OF 25-35% AND IN EWP VOLUMES OF 20-40% DEPENDING ON LOCATION, IN COMPARISON TO Q1 LEVELS.BOISE CASCADE CO - BUILDING MATERIALS DISTRIBUTION DIVISION WILL LIKELY EXPERIENCE REDUCED SALES AND EARNINGS AS A RESULT OF COVID-19.BOISE CASCADE CO - EXPECTS TO REPORT CASH IN EXCESS OF $200 MILLION AS OF MARCH 31, 2020.BOISE CASCADE CO - HAS REDUCED ITS PLANNED CAPITAL SPENDING FOR 2020 FROM ITS PREVIOUSLY EXPECTED RANGE OF $85-TO-$95 MILLION TO $50-TO-$70 MILLION.BOISE CASCADE CO - CLOSELY SCRUTINIZING ALL DISCRETIONARY SPENDING IN RESPONSE TO COVID-19 IMPACT.BOISE CASCADE CO - EXPECTS TO REPORT CASH IN EXCESS OF $200 MILLION AS OF MARCH 31, 2020.  Full Article

Boise Cascade Posts Quarterly Earnings Per Share Of $0.37
Tuesday, 25 Feb 2020 

Feb 24 (Reuters) - Boise Cascade Co ::MPANY REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 EARNINGS PER SHARE $0.37.Q4 SALES $1.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.1 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.20 -- REFINITIV IBES DATA.ON FEBRUARY 20, MADE DECISION TO PERMANENTLY CURTAIL I-JOIST PRODUCTION AT ROXBORO, NORTH CAROLINA FACILITY BY MARCH 31, 2020.EXPECT TO RECORD APPROXIMATELY $18 MILLION OF CHARGES DURING Q1 2020.EXPECT WORKING CAPITAL INCREASES TO USE CASH IN Q1 OF 2020.EXPECT CAPITAL SPENDING, EXCLUDING ACQUISITIONS, TO BE $85-$95 MILLION IN 2020.2019 FINANCIAL RESULTS WERE IMPACTED BY LOWER LUMBER, OSB, AND PLYWOOD PRICING COMPARED TO PRICING IN 2018.  Full Article

Boise Cascade Company Q3 Earnings Per Share $0.69
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Boise Cascade Co ::MPANY REPORTS THIRD QUARTER 2019 NET INCOME OF $27.2 MILLION ON SALES OF $1.3 BILLION.Q3 EARNINGS PER SHARE $0.69.Q3 SALES $1.3 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.26 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.68 -- REFINITIV IBES DATA.IN Q3 2019, TOTAL U.S. HOUSING STARTS INCREASED 4%.QTRLY RESULTS INCLUDED IMPAIRMENT AND SALES RELATED LOSSES OF $11.0 MILLION.EXPECT TO EXPERIENCE SEASONALLY SLOWER DEMAND GROWTH FOR PRODUCTS CO MANUFACTURE AND DISTRIBUTE IN Q4 2019.EXPECT NEAR-TERM RESIDENTIAL CONSTRUCTION GROWTH TO BE FLAT TO SLIGHTLY DOWN DUE TO CONSTRAINTS FACED BY BUILDERS.WEAK COMMODITY PRODUCTS PRICING EXPERIENCED IN FIRST HALF OF 2019 CONTINUED THROUGHOUT Q3 2019.EXPECT CAPITAL SPENDING, EXCLUDING ACQUISITIONS, TO BE $85-$95 MILLION IN 2019.BOISE CASCADE - ANTICIPATE COMMODITY PRODUCTS PRICING IN Q4 WILL REMAIN AT LOW ABSOLUTE, ALTHOUGH MORE STABLE, LEVELS.EXPECT Q4 2019 FINANCIAL RESULTS TO BE IMPROVED COMPARED WITH Q4 2018.IN ADDITION, EXPECT CAPITAL SPENDING, EXCLUDING ACQUISITIONS, TO ALSO BE $85-$95 MILLION IN 2020.BOISE CASCADE - WEAKER YTD RESIDENTIAL CONSTRUCTION ACTIVITY, ADDITIONAL INDUSTRY CAPACITY BROUGHT IN 2018 HAVE LED TO SUPPLY, DEMAND IMBALANCES.  Full Article

Boise Cascade Q1 Earnings Per Share $0.29
Tuesday, 7 May 2019 

Boise Cascade Co ::MPANY REPORTS FIRST QUARTER 2019 NET INCOME OF $11.4 MILLION ON SALES OF $1.0 BILLION.Q1 EARNINGS PER SHARE $0.29.Q1 SALES $1.0 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.11 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.23 -- REFINITIV IBES DATA."EXPECT TO EXPERIENCE SLOWER DEMAND GROWTH FOR PRODUCTS WE MANUFACTURE AND DISTRIBUTE IN 2019".EXPECT CAPITAL SPENDING, EXCLUDING ACQUISITIONS, TO BE $85-$95 MILLION IN 2019.EXPECT YEAR-OVER-YEAR FINANCIAL COMPARISONS TO AGAIN BE NEGATIVE IN Q2 OF 2019.  Full Article

Boise Cascade Reaches Agreement To Acquire American Lumber Distributors
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Boise Cascade Co ::BOISE CASCADE REACHES AGREEMENT TO ACQUIRE AMERICAN LUMBER DISTRIBUTORS.  Full Article

Boise Cascade Reaches Agreement To Acquire American Lumber Distributors
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Boise Cascade Co ::BOISE CASCADE REACHES AGREEMENT TO ACQUIRE AMERICAN LUMBER DISTRIBUTORS.BOISE CASCADE CO - ACQUISITION IS EXPECTED TO BE COMPLETED IN Q2 OF 2019.  Full Article

Boise Cascade Co Q4 Loss Per Share $1.85
Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - Boise Cascade Co ::MPANY REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 LOSS PER SHARE $1.85.Q4 SALES $1.1 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.09 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.01 -- REFINITIV IBES DATA.EXPECT TO EXPERIENCE SLOWER DEMAND GROWTH FOR PRODUCTS CO MANUFACTURES AND DISTRIBUTES IN 2019.BOISE CASCADE - EXPECT CAPITAL SPENDING, EXCLUDING ACQUISITIONS, TO BE $85 MILLION-$95 MILLION IN 2019.Q4 RESULTS INCLUDED $24.0 MILLION OF PRE-TAX IMPAIRMENT AND SALE RELATED LOSSES RELATED TO PENDING SALE OF HARDWOOD PLYWOOD FACILITY.EXPECT NEAR-TERM U.S. RESIDENTIAL CONSTRUCTION GROWTH TO BE FLAT OR ONLY MODESTLY IMPROVING.RESULTS FOR Q4 REFLECT SEASONALLY WEAKER HOUSING DATA & ONGOING CHALLENGES OF DECLINING COMMODITY PRICES.  Full Article

Reg-Boise Cascade Company Reports 2018 Third Quarter Net Income Of $13.8 Mln On Sales Of $1.3 Bln
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Boise Cascade Co ::REG-BOISE CASCADE COMPANY REPORTS 2018 THIRD QUARTER NET INCOME OF $13.8 MILLION ON SALES OF $1.3 BILLION.Q3 REVENUE $1.3 BILLION VERSUS I/B/E/S VIEW $1.33 BILLION.WILL RECORD CURTAILMENT-RELATED CHARGES IN Q4.Q3 EPS $0.35.IN Q3 2018, TOTAL U.S. HOUSING STARTS INCREASED 4% COMPARED TO SAME PERIOD LAST YEAR.EXPECT TO RECORD APPROXIMATELY $60 MILLION OF CHARGES DURING Q4 2018.ROXBORO WILL CONTINUE TO PRODUCE I-JOISTS AND ANTICIPATE NO IMPACT ON CO'S CUSTOMERS FROM LAMINATED VENEER LUMBER CURTAILMENT.Q3 RESULTS INCLUDE $21.7 MILLION OF PRE-TAX LOSSES FROM A SETTLEMENT CHARGE & IMPAIRMENT LOSS ON AN ASSET SALE."EXPECT TO EXPERIENCE SEASONALLY SLOWER DEMAND IN Q4 2018"."ECONOMIC BACKDROP WAS CHALLENGING" GIVEN SHARP DECLINES IN COMMODITY PRICES & FLATTENING HOUSING DATA DURING QUARTER.CHARGE DUE TO DECISION TO PERMANENTLY CURTAIL LAMINATED VENEER LUMBER PRODUCTION AT ROXBORO FACILITY."IMPACT OF A FALLING PRICE ENVIRONMENT WAS MOST NOTABLE IN OUR DISTRIBUTION BUSINESS" IN QUARTER.EXPECT TO RECORD ABOUT $60 MILLION OF CHARGES DURING Q4.BOISE CASCADE -IN Q4, SEES "ONLY MODEST RESIDENTIAL CONSTRUCTION GROWTH" DUE TO CONSTRAINTS SUCH AS AVAILABILITY OF LABOR & BUILDING LOTS.BOISE CASCADE - COMMODITY PRODUCT PRICES SHARPLY DECLINED DURING Q3 AND CONTINUED TO TREND DOWNWARD DURING OCT.EXPECT CAPITAL SPENDING, EXCLUDING ACQUISITIONS, TO BE $75-$85 MILLION DURING 2018.EXPECT CAPITAL SPENDING, EXCLUDING ACQUISITIONS, TO BE $85-$95 MILLION IN 2019.  Full Article

Boise Cascade Announces Quarterly Dividend
Saturday, 3 Nov 2018 

Nov 2 (Reuters) - Boise Cascade Co ::BOISE CASCADE COMPANY ANNOUNCES QUARTERLY DIVIDEND OF $0.09 PER SHARE, A 29% INCREASE.  Full Article