Mar 11, 2013. /Lesprom Network/. Boise Cascade Company reported financial results for the quarter and year ended December 31, 2012. Total sales in 4Q 2012 were $694.6 million, compared with $547.4 million in 4Q 2011, as the company said in a press release received by Lesprom Network. Total sales for the full year improved by 24% to $2,779.1 million: growth of 23% in its Building Materials Distribution (BMD) segment and 32% in Wood Products segment. Net income was $1.3 million in 4Q 2012, compared with a net loss of $13.8 million in the same period last year. Net income improved to $41.5 million for the full year 2012, compared with a net loss of $46.4 million in 2011. Earnings before interest, taxes, depreciation, and amortization (EBITDA) were $17 million for the 4Q 2012 and $96.6 million for the full year. "We experienced a fourth consecutive quarter of positive income from operations, underscored by strong plywood prices and improved demand for the products we manufacture and distribute. We are pleased with our successful initial public offering (IPO) completed on February 11, 2013. The IPO, together with our debt refinancing in early fourth quarter 2012, provides the Company with a strong liquidity position to take advantage of continued improvement in the markets, execute strategic initiatives within our existing operations, and evaluate growth opportunities," stated Tom Carlile, CEO. Wood Products segment sales in the 4Q were $230.5 million, up 28% from the same quarter a year ago. The sales increase was attributable primarily to 28% higher plywood sales prices and 19% higher plywood sales volumes, 18% higher laminated veneer lumber (LVL) sales volumes, 31% higher I-joist sales volumes, and 28% higher lumber sales volumes. The segment reported $13.2 million of EBITDA for the quarter, compared with $2.2 million of EBITDA reported in 4Q 2011. The main factors contributing to the improved financial performance were improved plywood pricing and lower per-unit manufacturing costs resulting from higher sales volumes for engineered wood products (EWP) and plywood. For the full year 2012, Wood Products reported sales of $943.3 million and EBITDA of $80.2 million. This compares with 2011 sales of $712.5 million and EBITDA of $13.3 million. Boise Cascade Company is a leading U.S. wholesale distributor of building products and one of the largest producers of engineered wood products and plywood in North America.