Boise Cascade Company reports 1Q net income of $10 million on sales of $974.4 million

Market: Panels
Posted May 3, 2017
Boise Cascade Company reported net income of $10 million, or $0.26 per share, on sales of $974.4 million for the 1Q ended March 31, 2017.

“We reported another quarter with strong engineered wood products sales growth from the combined capabilities of our manufacturing and distribution businesses. We continue to believe that our expanded manufacturing footprint allows us to support the growth of our customers in both businesses and provides a unique value proposition in the marketplace," commented Tom Corrick, CEO. "We remain focused on growing our internal veneer production and using an increasing percentage of our veneer for high-value EWP production. Beyond EWP, the overall demand and commodity price environment provided some tailwinds in the 1Q, and I am pleased with the financial results.”

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.



Topics: Finance

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