Wood products maker Boise Cascade Q3 sales beat estimates

Boise Cascade

03/11/2025 21:40

Overview

Boise Cascade Q3 sales beat analyst expectations despite subdued demand and pricing challenges

Net income for Q3 2025 fell 76% yr/yr due to lower sales prices and volumes

Company authorized up to $300 mln stock repurchase, replacing prior authorization

Outlook

Company expects 2026 housing starts to be consistent with 2025 levels

Boise Cascade anticipates gradual market improvement in late 2026

Company plans downtime at facilities to align production with demand

Result Drivers

WOOD PRODUCTS DECLINE - Lower sales prices and volumes for EWP and plywood drove a 13% decrease in Wood Products sales

BMD SALES DECLINE - Building Materials Distribution sales fell 1% due to decreased sales prices, with flat sales volumes

DEMAND CHALLENGES - Subdued demand and commodity pricing headwinds affected earnings, per CEO Nate Jorgensen

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$1.66 bln
$1.62 bln (7 Analysts)
Q3 EPS
$0.58
Q3 Net Income
$21.76 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 $95.50, about 26.2% above its October 31 closing price of $70.49

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBwCy6Cya

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)