Overview

• Boise Cascade Q3 sales beat analyst expectations despite subdued demand and pricing challenges

• Net income for Q3 2025 fell 76% yr/yr due to lower sales prices and volumes

• Company authorized up to $300 mln stock repurchase, replacing prior authorization

Outlook

• Company expects 2026 housing starts to be consistent with 2025 levels

• Boise Cascade anticipates gradual market improvement in late 2026

• Company plans downtime at facilities to align production with demand

Result Drivers

• WOOD PRODUCTS DECLINE - Lower sales prices and volumes for EWP and plywood drove a 13% decrease in Wood Products sales

• BMD SALES DECLINE - Building Materials Distribution sales fell 1% due to decreased sales prices, with flat sales volumes

• DEMAND CHALLENGES - Subdued demand and commodity pricing headwinds affected earnings, per CEO Nate Jorgensen

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "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 $95.50, about 26.2% above its October 31 closing price of $70.49

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

Press Release: ID:nBwCy6Cya

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