Sales, including sales to Building Materials Distribution (BMD), decreased $11.1 million, or 3%, to $339.9 million for the three months ended June 30, 2015, from $351 million for the three months ended June 30, 2014. The decrease in sales was driven primarily by decreases in plywood sales volumes and lumber sales prices of 5% and 16%, respectively.
Wood Products EBITDA decreased $7.2 million to $34.1 million for the three months ended June 30, 2015, from $41.3 million for the three months ended June 30, 2014. The decline in EBITDA was due primarily to lower lumber sales prices, as well as higher per-unit labor and other manufacturing costs due to lower plywood sales volumes, offset partially by higher I-joist sales prices.
Building Materials Distribution sales increased $3.7 million to $762.1 million for the three months ended June 30, 2015, from $758.4 million for the three months ended June 30, 2014. Compared with the same quarter in the prior year, the overall increase in sales was driven by sales volume increases of 3%, offset by a decrease in sales prices of 3%. By product line, commodity sales decreased 7%, general line product sales increased 10%, and sales of engineered wood products (substantially all of which are sourced through its Wood Products segment) increased 2%.
BMD EBITDA increased $0.7 million to $22.5 million for the three months ended June 30, 2015, from $21.8 million for the three months ended June 30, 2014.
Boise Cascade Company is one of the largest producers of plywood and engineered wood products in North America and a leading U.S. wholesale distributor of building products.
