Boise Cascade Company reported 4Q 2019 net income of $14.6 million, or $0.37 per share, on sales of $1.1 billion. For the full year 2019, Boise Cascade reported net income of $80.9 million, or $2.06 per share, on sales of $4.6 billion.

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Boise Cascade reports 4Q sales of $1.1 billion

Boise Cascade Company reported 4Q 2019 net income of $14.6 million, or $0.37 per share, on sales of $1.1 billion. In the 4Q 2019, total U.S. housing starts increased 20% compared to the same period last year. Single-family starts, the primary driver of company's sales volumes, also increased 15%.

For the full year 2019, Boise Cascade reported net income of $80.9 million, or $2.06 per share, on sales of $4.6 billion.

For the full year 2019, total and single-family housing starts increased 3% and 1%, respectively, from the same period in 2018.

“We had stronger than expected financial performance in the quarter as favorable weather allowed homebuilders to maintain solid activity levels, driving product demand. Our full year results illustrate our strategic progress since our initial public offering in 2013. Both businesses performed well given limited residential construction growth and persistent weakness in commodity wood products pricing. Our continued progress towards growing our engineered wood products and distribution businesses has increased our earnings stability,” commented Tom Corrick, CEO.

Boise Cascade 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.