Boise Cascade Q2 sales beat estimates on BMD higher volumes, price increase

Boise Cascade

03/08/2026 21:29

Overview
U.S. building materials distributor's Q2 sales rose 5% yr/yr, beating analyst expectations
Adjusted EPS for Q2 declined slightly yr/yr
Company expanded nationwide distribution partnership with James Hardie

Outlook
Company expects Q3 2026 Adjusted EBITDA between $82 mln and $114 mln
Boise Cascade sees Q3 2026 BMD EBITDA of $53 mln to $68 mln
Company says residential construction remains subdued amid affordability constraints and low consumer sentiment

Result Drivers
BMD SALES MIX - Segment sales rose on higher volumes and prices for general line and commodity products, but EWP sales declined
BMD INCOME PRESSURE - Segment income fell due to higher selling, distribution, and depreciation expenses, and absence of prior-year property sale gains
WOOD PRODUCTS GAINS - Segment income rose on higher plywood sales prices and volumes, and lower per-unit OSB costs, offset by weaker EWP sales and higher conversion costs

Company press release: ID:nBwM4wTha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.83 bln
$1.77 bln (7 Analysts)
Q2 EPS
 
$1.63
 
Q2 Net Income
 
$57.34 mln
 

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 $94.50, about 23.7% above its July 31 closing price of $76.38
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 3 - CNH raises annual profit forecast on improving construction equipment demand
Aug 3 - Douglas Dynamics Q2 sales rise 10% on strong pre-season orders at unit
Aug 3 - JPMorgan aims to funnel $750 billion into housing through 2035

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.)