Boise Cascade Q3 sales rise, beat estimates

Boise Cascade

Mon 21:29

Overview
US building materials distributor's Q3 sales rose 8% yr/yr, beating analyst expectations
Q3 net income increased 67% yr/yr to $36.4 mln; diluted EPS rose to $1.04
Company attributed results to higher sales prices and volumes despite softer housing starts

Outlook
Boise Cascade expects Q4 2026 total EBITDA of $32 mln to $54 mln
Company sees Q4 2026 BMD EBITDA at $35 mln to $45 mln and Wood Products EBITDA at $10 mln to $20 mln
Company expects Q4 activity levels to decelerate due to typical seasonality

Result Drivers
HIGHER SALES PRICES - Co said overall sales increase was driven by net sales price increases in Building Materials Distribution and higher plywood sales prices in Wood Products
HIGHER OPERATING EXPENSES - Co said increased selling and distribution expenses offset some gains in Building Materials Distribution segment income

Company press release: ID:nBw1pQVH2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.80 bln
$1.76 bln (7 Analysts)
Q3 EPS
 
$1.04
 
Q3 Net Income
 
$36.39 mln
 

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 $91.00, about 15.4% above its October 30 closing price of $78.83
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
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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.)