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Boise Cascade (BCC)
NYSE:BCC
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Boise Cascade
(NYSE:BCC)
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Rating:64Neutral
Price Target:
$77.00
▲(2.98% Upside)
Boise Cascade's overall stock score reflects a challenging financial environment with declining revenue and profitability, despite a strong balance sheet. Technical indicators suggest a bearish trend, while valuation metrics indicate reasonable pricing. The earnings call revealed strategic initiatives but highlighted significant financial declines.
Positive Factors
Strong Balance Sheet
A strong balance sheet with low leverage provides Boise Cascade with financial stability and flexibility to navigate challenging market conditions.
Strategic Acquisitions
The acquisition of Holden Humphrey aligns with Boise Cascade's growth strategy, enhancing its footprint and product line in the northeast, supporting long-term growth.
Leadership Transition
The planned CEO transition reflects strong succession planning, ensuring leadership continuity and strategic focus, which is crucial for long-term operational stability.
Negative Factors
Declining Profitability
The decline in profitability indicates challenges in maintaining margins, which could impact long-term financial health if not addressed effectively.
Cash Flow Challenges
Significant decline in cash flow growth suggests potential liquidity issues, which could constrain future investments and operational flexibility.
Wood Products Segment Decline
The decline in the Wood Products segment reflects market challenges and pricing pressures, which may affect Boise Cascade's revenue base and growth prospects.
Boise Cascade (BCC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.77B
Dividend Yield1.15%
Average Volume (3M)490.94K
Price to Earnings (P/E)14.8
Beta (1Y)1.04
Revenue Growth-4.25%
EPS Growth-50.60%
CountryUS
Employees7,670
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.58
Shares Outstanding37,043,070
10 Day Avg. Volume618,307
30 Day Avg. Volume490,945
Financial Highlights & Ratios
PEG Ratio-0.59
Price to Book (P/B)2.16
Price to Sales (P/S)0.69
P/FCF Ratio22.26
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue0.45
Enterprise Value/Gross Profit2.70
Enterprise Value/Ebitda6.66
Forecast
1Y Price Target
$90.25Price Target Upside20.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)3.42
Revenue Forecast (FY)$6.39B
Boise Cascade Business Overview & Revenue Model
Company DescriptionBoise Cascade Company (BCC) is a leading manufacturer and distributor of engineered wood products and building materials, headquartered in Boise, Idaho. The company operates primarily through two segments: Wood Products and Building Materials Distribution. Its core offerings include plywood, engineered wood products, lumber, and a wide range of building materials that cater to both residential and commercial construction markets.
How the Company Makes MoneyBoise Cascade generates revenue primarily through the sale of its wood products and building materials. The Wood Products segment contributes significantly by manufacturing and selling engineered wood products, such as plywood and laminated veneer lumber, which are essential for construction projects. The Building Materials Distribution segment further enhances revenue through the distribution of a diverse array of building materials, including roofing, insulation, and siding, to contractors and retailers. Key revenue streams include direct sales to contractors and homebuilders, as well as partnerships with retail home improvement stores. Additionally, fluctuations in housing starts and construction activity, along with trends in the residential and commercial building sectors, significantly influence the company's earnings.
Boise Cascade Earnings Call Summary
Earnings Call Date:Nov 03, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 24, 2026
Earnings Call Sentiment Negative
The earnings call highlighted strategic expansions and partnerships, along with a focus on general line product growth and shareholder returns. However, these were overshadowed by significant declines in key financial metrics, including net income and Wood Products segment performance, amidst a challenging pricing environment.Q3-2025 Updates
Positive Updates
General Line Product Growth
The general line product sales increased 6% year-over-year, with notable market share gains in decking and multifamily business, aided by strategic capacity expansions.
Strategic Partnerships Expansion
Boise Cascade expanded its partnership with James Hardie in the Baltimore market, adding a new revenue stream in decking, which represents net new revenue for the company.
Capital Allocation and Shareholder Returns
The company repurchased approximately $120 million of common stock through October 2025 and announced a new $300 million share repurchase program, showing commitment to returning capital to shareholders.
New Distribution Centers
Opening of a new greenfield distribution center in Hondo, Texas, to better serve key markets like Austin and San Antonio, aligning with the strategic goal to expand market-leading national distribution presence.
Negative Updates
Decline in Wood Products Segment
Wood Products sales were down 13% year-over-year, with segment EBITDA dropping from $77.4 million to $14.5 million, attributed to lower sales prices, volumes, and higher conversion costs.
Decreased Net Income
Net income for the third quarter was $21.8 million, significantly down from $91 million in the same period last year, reflecting a challenging pricing environment in key product segments.
EWP and Plywood Pricing Pressures
EWP volumes were down 15% sequentially with prices declining 6% due to competitive pressures. Plywood pricing also faced challenges, with a 5% sequential decline.
Increased Costs and Lower Margins
Selling and distribution expenses increased by $7.8 million, and BMD's EBITDA margin fell from 5.6% to 4.5% year-over-year due to commodity price headwinds and competitive pricing pressures.
Company Guidance
During the Boise Cascade Third Quarter 2025 Earnings Conference Call, the company provided several key metrics and guidance for the future. The third quarter consolidated sales were reported at $1.7 billion, a 3% decrease from the same period in 2024. Net income was $21.8 million or $0.58 per share, down from $91 million or $2.33 per share in the prior year. The Wood Products segment saw sales of $396.4 million, a 13% decline, with segment EBITDA falling to $14.5 million from $77.4 million. The Building Materials Distribution (BMD) segment's sales were $1.6 billion, a 1% decrease, with segment EBITDA of $69.8 million compared to $87.7 million in the previous year. Looking ahead, Boise Cascade estimates fourth quarter EBITDA for Wood Products to range from breakeven to $15 million and for BMD from $40 million to $55 million. The company reported capital expenditures of $187 million for the first nine months of 2025, with expectations for 2025 capital spending between $230 million and $250 million, and plans for 2026 between $150 million and $170 million. Additionally, the Board of Directors approved a $0.22 per share quarterly dividend and authorized up to $300 million in common stock repurchases.Boise Cascade Financial Statement Overview
Summary
Boise Cascade faces a challenging financial environment with declining revenue and profitability. Despite this, the company maintains a strong balance sheet with low leverage, providing stability. Cash flow challenges are evident, but operational efficiencies and a solid capital structure offer some resilience.Income Statement
Boise Cascade's income statement shows a decline in revenue and profitability over the TTM period. The gross profit margin decreased from 20.9% in 2023 to 18.2% in TTM 2025, and the net profit margin fell from 7.1% to 4.0%. Revenue growth has been negative, indicating a challenging market environment. However, the company maintains positive EBIT and EBITDA margins, suggesting operational efficiency despite the downturn.65
Positive
Balance Sheet
The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.24 in TTM 2025, indicating conservative leverage. The return on equity has decreased from 22.0% in 2023 to 12.3% in TTM 2025, reflecting reduced profitability. The equity ratio remains strong, suggesting a solid capital structure.75
Positive
Cash Flow
Cash flow analysis reveals a significant decline in free cash flow growth, down by 76.2% in TTM 2025. The operating cash flow to net income ratio has also decreased, indicating potential cash flow challenges. However, the company still maintains a positive free cash flow to net income ratio, suggesting some resilience in cash generation.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.51B | 6.72B | 6.84B | 8.39B | 7.93B | 5.47B |
| Gross Profit | 1.08B | 1.33B | 1.43B | 1.91B | 1.63B | 938.79M |
| EBITDA | 437.05M | 673.23M | 805.96M | 1.28B | 1.06B | 409.67M |
| Net Income | 193.00M | 376.35M | 483.66M | 857.66M | 712.49M | 174.98M |
Balance Sheet | ||||||
| Total Assets | 3.40B | 3.37B | 3.46B | 3.24B | 2.57B | 1.97B |
| Cash, Cash Equivalents and Short-Term Investments | 511.77M | 713.26M | 949.57M | 998.34M | 748.91M | 405.38M |
| Total Debt | 523.61M | 516.22M | 529.79M | 523.08M | 531.79M | 542.88M |
| Total Liabilities | 1.26B | 1.22B | 1.26B | 1.18B | 1.22B | 1.11B |
| Stockholders Equity | 2.14B | 2.15B | 2.20B | 2.06B | 1.35B | 850.80M |
Cash Flow | ||||||
| Free Cash Flow | 15.50M | 208.75M | 472.02M | 927.10M | 560.47M | 215.09M |
| Operating Cash Flow | 217.70M | 438.32M | 687.46M | 1.04B | 666.98M | 294.52M |
| Investing Cash Flow | -274.07M | -237.82M | -375.55M | -625.46M | -105.59M | -78.72M |
| Financing Cash Flow | -193.46M | -436.81M | -360.68M | -166.33M | -217.87M | -95.66M |
Boise Cascade Technical Analysis
Negative
74.77
Price Trends
72.15
Positive
77.43
Negative
84.28
Negative
Market Momentum
1.13
Negative
51.84
Neutral
65.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BCC, the sentiment is Negative. The current price of 74.77 is below the 20-day moving average (MA) of 74.85, above the 50-day MA of 72.15, and below the 200-day MA of 84.28, indicating a neutral trend. The MACD of 1.13 indicates Negative momentum. The RSI at 51.84 is Neutral, neither overbought nor oversold. The STOCH value of 65.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BCC.
Boise Cascade Risk Analysis
Boise Cascade disclosed 28 risk factors in its most recent earnings report. Boise Cascade reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Boise Cascade Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $38.57B | 34.69 | 13.56% | 0.67% | 6.54% | 32.48% | |
74 Outperform | $929.03M | 14.95 | 16.04% | 5.19% | 9.24% | 24.01% | |
74 Outperform | $2.35B | 13.14 | 26.21% | 1.12% | 15.70% | 19.92% | |
73 Outperform | $38.23B | 33.40 | 11.63% | 0.51% | 1.99% | -41.08% | |
64 Neutral | $2.77B | 14.79 | 9.05% | 1.15% | -4.25% | -50.60% | |
63 Neutral | $1.59B | 40.05 | 5.06% | ― | -33.99% | -61.41% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
BCC
Boise Cascade
74.77
-46.28
-38.23%
CPAC
Cementos Pacasmayo SAA
10.63
5.67
114.31%
MLM
Martin Marietta Materials
633.94
105.22
19.90%
VMC
Vulcan Materials
291.87
30.94
11.86%
TGLS
Tecnoglass
50.51
-28.74
-36.26%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
12.62
0.77
6.50%
Boise Cascade Corporate Events
Executive/Board Changes
Boise Cascade Announces CEO Retirement and Successor
Neutral
Dec 4, 2025
Boise Cascade announced the retirement of its CEO, Nate Jorgensen, effective March 2, 2026, with Jeff Strom set to succeed him as CEO on March 3, 2026. The transition is part of the company’s long-term succession planning, aiming to maintain stability and momentum in its operations, with Strom bringing over 34 years of industry experience to the role.
Stock BuybackDividends
Boise Cascade Announces Dividend and Share Buyback
Positive
Oct 30, 2025
On October 30, 2025, Boise Cascade announced a quarterly dividend of $0.22 per share, payable on December 17, 2025, to stockholders of record on December 1, 2025. Additionally, the company authorized a new share repurchase program of up to $300 million, replacing the previous authorization, after repurchasing 1.25 million shares for approximately $120 million earlier in the year.
Business Operations and StrategyFinancial Disclosures
Boise Cascade Releases Q3 2025 Outlook Presentation
Positive
Sep 15, 2025
On September 15, 2025, Boise Cascade released updated presentation materials for its third quarter 2025 outlook, which were posted on its website for the investment community. The presentation highlights the company’s strategic focus on growth through acquisitions and market expansion, emphasizing its strong market positioning and operational efficiency in the building materials sector.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.