The earnings call reflected a mixed sentiment with strong full-year financial performance and improvements in specific segments like BMD and LVL volumes, alongside challenges in declining sales and income, particularly in wood products, and operational disruptions due to weather.
Company Guidance
In the fourth quarter of 2024, Boise Cascade reported a net income of $68.9 million or $1.78 per share, compared to $97.5 million or $2.44 per share in the same quarter the previous year. This decline was partly due to a decrease in total sales to $1.6 billion, down 5% from the fourth quarter of 2023. The Wood Products segment saw a 7% decline in sales to $419.7 million, with segment EBITDA dropping to $56.6 million from $92.7 million, primarily due to lower sales prices for EWP and plywood. The Building Materials Distribution (BMD) segment, despite a 4% decrease in sales to $1.4 billion, reported an increase in segment EBITDA to $84.5 million from $80.6 million, aided by a 60 basis point rise in gross margin percentage. Looking ahead, Boise Cascade anticipates modest increases in EWP volumes but expects sequential declines in pricing for the first quarter of 2025. Capital expenditures for 2025 are projected between $220 million and $240 million, including investments in EWP production capabilities and new distribution centers. The company also highlighted its balanced capital allocation strategy, returning $220 million to shareholders through dividends and repurchasing 1.75 million shares in 2024.
Strong Full-Year Financial Performance
Reported full-year net income of $376.4 million or $9.57 per diluted share, showcasing solid financial performance for 2024.
BMD Segment Margin Improvement
BMD's fourth quarter EBITDA margin was 5.9%, up from 5.4% in the prior year quarter and up 30 basis points sequentially, despite a 4% sales decline.
LVL Volume Growth
Fourth quarter volumes for LVL increased by an impressive 11% year-over-year, outperforming the 4% decline in single-family starts.
Shareholder Returns
Paid $220 million in regular and special dividends and repurchased approximately 1.75 million shares or 4.5% of outstanding shares for $225 million.
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Boise Cascade (BCC) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BCC Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 20, 2025
$116.48
$107.00
-8.14%
Nov 04, 2024
$134.07
$138.29
+3.15%
Aug 05, 2024
$119.28
$124.49
+4.37%
May 06, 2024
$133.63
$125.29
-6.24%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Boise Cascade (BCC) report earnings?
Boise Cascade (BCC) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Boise Cascade (BCC) earnings time?
Boise Cascade (BCC) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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