Boise Cascade Company reported 4Q 2017 net income of $19.1 million, or $0.49 per share, on sales of $1.1 billion. For the full year 2017, Boise Cascade reported net income of $83 million, or $2.12 per share, on sales of $4.4 billion.
In the 4Q 2017, total U.S. housing starts were flat compared to the same period last year. Consistent with the trend in 2017, 4Q single-family starts increased from the comparative period, growing by 7%, whereas multi-family starts decreased by 13%. Single-family residential construction is the primary demand driver of its sales.
For the full year 2017, total U.S. housing starts improved 2% compared to 2016, driven by an approximate 9% increase in single-family starts, offset by an approximate 10% decrease in multi-family starts.
Boise Cascade Company is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products.
