Quarterly ResultMay 4, 2026, 04:28 PM
Boise Cascade Q1 Net Income $17.8M, down 56%; Sales $1.5B
AI Summary
Boise Cascade reported Q1 2026 net income of $17.8 million, a 56% decrease year-over-year, with diluted EPS of $0.50. Sales remained flat at $1.5 billion, while Adjusted EBITDA fell 27% to $66.6 million. The company's annual shareholders' meeting also took place, where ten directors were elected, and proposals for executive compensation and auditor ratification were approved.
Key Highlights
- Q1 2026 Net Income $17.8M, down 56% YoY; Diluted EPS $0.50, down 53% YoY.
- Q1 2026 Sales $1.5B, down 2% YoY; Adjusted EBITDA $66.6M, down 27% YoY.
- Building Materials Distribution sales decreased 1% to $1.39B; income decreased 32% to $32.9M.
- Wood Products sales decreased 4% to $398.2M; income decreased 52% to $8.5M.
- Board declared a quarterly dividend of $0.22 per share, payable June 17, 2026.
- Repurchased $65.5M of common stock in Q1 2026 and an additional $25M in April 2026.
- Shareholders elected ten directors and approved executive compensation and auditor ratification.
- Projected 2026 capital expenditures are $150M to $170M.