Boise Cascade Reports Q4 Earnings Decline, Anticipates Growth

Boise Cascade Company reported a robust full-year net income of $376.4 million for 2024, despite facing challenges in its Wood Products segment due to declining sales and operational disruptions. The company's earnings call highlighted a mixed sentiment, with improvements in the Building Materials Distribution segment's EBITDA margin, which rose to 5.9%. Although overall consolidated sales fell to $1.6 billion, the Laminated Veneer Lumber volumes increased by 11%, indicating strong demand in that area. The company also distributed $220 million to shareholders through dividends and share repurchases, reflecting its commitment to shareholder returns. However, net income per share decreased from the previous year, illustrating the impact of lower sales prices and higher costs. Boise Cascade's strategic investments aimed at enhancing production capacity and addressing market challenges will be critical for future performance.