Posted 七月 29, 2016
Boise Cascade Company reported net income of $19.2million, or $0.49 per share, on sales of $1,043.8 million for the 2Q ended June 30, 2016.
“The integration of the Thorsby and Roxboro engineered wood products facilities has gone very well. We are pleased with the additional capabilities the facilities provide as we support the ongoing growth of our customers," stated Tom Corrick, CEO. "Our distribution business had an outstanding 2Q that reflected solid volume growth across its product lines and the benefit of favorable tailwinds on many commodity product prices. We still face oversupply challenges in our plywood business, but did see improvement in pricing compared to the 1Q. We expect modest growth in residential housing construction for the balance of the year, which should drive additional demand for our products and services."
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.