Boise Cascade Reports Q4 Profit Drop, Misses Revenue Estimates

Boise Cascade's shares hit a new 52-week low following a disappointing fourth-quarter earnings report, with profits declining 29% to $68.9 million and revenues falling 5% to $1.57 billion, aligning with analysts' expectations. The company's earnings per share of $1.78 fell short of the anticipated $1.79, reflecting a challenging environment for home construction as U.S. housing starts dropped 4% overall. CEO Nate Jorgensen noted that uncertainties in the economy and residential construction would significantly impact future demand. Despite a decline in sales for their wood products segment, volumes for laminated veneer lumber and plywood saw slight increases. For 2025, Boise Cascade anticipates modest growth in home improvement spending, alongside capital expenditures projected between $220 million and $240 million, aiming for expansion in engineered wood product capacity. The firm ended 2024 with $713 million in cash and remains focused on strategic investments to drive future growth.