Boise Cascade reports Q2 net income of $19.2 mln

Thursday, 28 Jul 2016 

Boise Cascade Co : Boise Cascade Company reports 2016 second quarter net income of $19.2 million on sales of $1,043.8 million . Q2 earnings per share $0.49 . Q2 revenue $1.044 billion versus I/B/E/S view $1.03 billion . Q2 earnings per share view $0.38 -- Thomson Reuters I/B/E/S . Expects its capital expenditures during 2016 to be $85 million to $95 million . "We still face oversupply challenges in our plywood business" . "We expect modest growth in residential housing construction for balance of year" . "Expect to continue to experience modest demand growth for products we manufacture and distribute in 2016" . "Future commodity product pricing could be volatile in response to industry operating rates, net import and export activity" . Expect to manage production levels to sales demand, which will likely result in operating some of our facilities below their capacity .Managing production levels could also include temporary plant curtailments such as those recently taken in plywood operations. 

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