Edition:
India

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. 

Company Quote

39.76
0.83 +2.13%
20 Oct 2020