Boise Cascade Q3 Profit Slumps 76% on Weak Wood Demand Despite Revenue Beat

Boise Cascade reported mixed third-quarter 2025 results, beating sales expectations with $1.66 billion in revenue but suffering a 76% drop in net profit to $21.8 million, impacted by lower pricing and weaker demand in engineered wood and plywood products. The Wood Products segment experienced a significant loss due to declining prices and volumes, while the Building Materials Distribution division also saw income decline amid flat to slightly down sales. Despite these challenges, Boise Cascade announced a $300 million share buyback program, signaling a focus on shareholder returns as the US housing market remains subdued due to high interest rates and affordability issues. The company's liquidity remains strong with $907 million available, but capital expenditures are expected to decrease slightly in 2026. Stock performance has lagged behind the broader market, with shares down over 40% year-to-date, reflecting investor caution amid ongoing sector headwinds. Overall, Boise Cascade's cautious outlook for housing demand in 2026 suggests continued pressure on construction-related industries and a neutral sector outlook until a housing rebound materializes.