Boise Cascade Company reported 4Q 2020 net income of $26 million, or $0.66 per share, on sales of $1.5 billion.
For the full year 2020, Boise Cascade reported net income of $175 million, or $4.44 per share, on sales of $5.5 billion.
Fourth quarter and full year earnings per share were negatively impacted by $1.10 per share and $1.69 per share, respectively.
“In the face of many challenges presented by extraordinary market conditions and the pandemic, I am proud that we delivered the best safety performance in our Company’s history in 2020. Our associates showed great resilience, and we fully leveraged our proven values to provide direction and clarity to our team during these unprecedented times,” commented Nate Jorgensen, CEO. “We reinvested in our businesses through door shop expansions in Texas, facility expansions in a few key distribution markets, and the log utilization center project at our Florien mill. We also provided dividends to our shareholders and supported our team and communities in response to natural disasters in Louisiana and Oregon. I am optimistic and confident about 2021 and the future of Boise Cascade.”
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.