Description

Boise Cascade: Product Variety, Inventory Depth, & Partner Alignment—A High-Impact Distribution Strategy!

Boise Cascade reported a mixed performance for the third quarter of 2025, reflecting broader industry challenges and internal operational dynamics. The company saw a year-over-year decline in consolidated sales, dropping by 3% to $1.7 billion. Net income was significantly lower at $21.8 million, or $0.58 per share, compared to $91 million, or $2.33 per share, a year ago. These decreases were primarily due to lower engineered wood products (EWP) and plywood sales prices, reduced sales volumes, and higher per-unit conversion costs. In Wood Products, sales fell by 13% year-over-year, with segment EBITDA declining from $77.4 million to $14.5 million. The decrease in profitability was influenced by weaker pricing and volumes in EWP and plywood, compounded by higher costs resulting from decreased production rates. The Building Materials Distribution (BMD) segment showed a smaller contraction, with sales down by 1% to $1.6 billion, and EBITDA dropping from $87.7 million to $69.8 million.