Overview

• Building materials distributor's Q4 sales slightly beat analyst expectations

• Q4 net income declinedyr/yr, impacted by legal proceedings

• EPS for Q4 was $0.24, reflecting a significant yr/yr decline

Outlook

• Boise Cascade expects single-family housing starts to be flat or modestly down in 2026

• Company anticipates flat home improvement spending in 2026 due to high borrowing costs

• Boise Cascade plans capital expenditures of $150 mln to $170 mln in 2026

Result Drivers

• HOUSING STARTS DECLINE - Decrease in U.S. single-family housing starts by 7% contributed to lower demand for Boise Cascade's products

• LOWER SALES PRICES - Declines in sales prices for EWP and plywood negatively affected Wood Products segment income

• LEGAL ACCRUAL IMPACT - Earnings were negatively affected by a $6 mln accrual for legal proceedings in the Building Materials Distribution segment

Company press release: ID:nBw22mJJla

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

• Wall Street's median 12-month price target for Boise Cascade Co is $93.50, about 13.8% above its February 20 closing price of $82.13

• The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)