Boise Cascade Company manufactures wood products and distributes building materials in the United States and Canada. It operates through two segments, Wood Products and Building Materials Distribution. The Wood Products segment manufactures laminated veneer lumber and laminated beams used in headers and beams; I-joists for residential and commercial flooring and roofing systems, and other structural applications; structural, appearance, and industrial plywood panels; and ponderosa pine lumber products. This segment's products are used in new residential construction, residential repair-and-remodeling markets, light commercial construction, and industrial applications. It sells its products to wholesalers, home improvement centers, retail lumberyards, and industrial converters. The Building Materials Distribution segment distributes a line of building materials, including oriented strand boards, plywood, and lumber; general line items, such as siding, composite decking, doors, metal products, insulation, and roofing; and engineered wood products. This segment sells its products to dealers, home improvement centers, and specialty distributors. The company was founded in 2004 and is headquartered in Boise, Idaho.
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- Sysco for the building materials industry.
- The 'Intel Inside' for wood-framed homes, providing essential engineered wood products and lumber.
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- Plywood: A widely used wood panel product made by gluing together thin layers of wood veneer, valued for its strength and versatility in construction.
- Lumber: Milled timber products, primarily dimension lumber and studs, used as structural framing components in residential and commercial construction.
- Engineered Wood Products (EWP): High-performance structural wood components, including I-joists, Laminated Veneer Lumber (LVL), and Glued Laminated Timber (Glulam), designed for superior strength and predictability.
- Building Materials Distribution: This segment provides a full-service distribution channel for a comprehensive range of building materials, including their own manufactured products and third-party goods, to construction customers across North America.
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Boise Cascade (symbol: BCC) primarily sells its products to **other companies** within the building materials and construction industry.
According to its public filings, Boise Cascade does not disclose specific major customers by name, as no single customer accounted for more than 10% of its sales in 2023, 2022, or 2021. This indicates a diversified customer base. However, the company serves various types of business customers. Based on their business segments (Wood Products and Building Materials Distribution), Boise Cascade's primary customer types include:
- Large building materials distributors and lumberyards: These companies are crucial intermediaries, purchasing a wide range of building products, including Boise Cascade's engineered wood products and plywood, for resale to home builders, contractors, and remodelers. An example of a public company in this category that operates at a national scale is:
- Builders FirstSource (symbol: BFS)
- Home improvement retailers: While a significant portion of Boise Cascade's product moves through distributors, large national retailers may source directly for certain product lines. These retailers then sell to both professional contractors and individual consumers. Examples of public companies in this category include:
- The Home Depot (symbol: HD)
- Lowe's Companies (symbol: LOW)
- Industrial manufacturers: These customers utilize Boise Cascade's wood products as components in their own manufacturing processes. This includes producers of recreational vehicles, manufactured housing, and other industrial applications.
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<p>Nate Jorgensen, Chief Executive Officer</p>
<p>Nate Jorgensen was appointed CEO of Boise Cascade Company in March 2020. He joined Boise Cascade in 2015, and prior to becoming CEO, he served as Chief Operating Officer from January 2019 and Senior Vice President of the Engineered Wood Products sales and marketing organization. Before joining Boise Cascade, he spent 28 years with Weyerhaeuser, where he held various leadership roles, including vice president of distribution operations. He holds a bachelor's degree in civil and environmental engineering from the University of Wisconsin and attended the Tuck School of Business Executive Education Program at Dartmouth University. Jorgensen also serves on the board of directors for the American Wood Council (AWC), IDACORP, Inc., and Idaho Power.</p>
<p>Kelly Hibbs, Senior Vice President, Chief Financial Officer and Treasurer</p>
<p>Kelly Hibbs was promoted to Senior Vice President, Chief Financial Officer, and Treasurer in May 2021. She joined Boise Cascade in 1996, and her previous roles include VP, Controller and Director of Strategic Planning and Internal Audit. Hibbs is a Certified Public Accountant (CPA) and earned a bachelor's degree in accounting from Boise State University. Her career began at Coopers And Lybrand, where she developed her auditing skills. She was also previously employed as a President and Director by Downtown Boise Association, Inc.</p>
<p>Jeff Strom, Chief Operating Officer; Executive Vice President - Building Materials Distribution Division</p>
<p>Jeff Strom serves as the Chief Operating Officer and Executive Vice President for the Building Materials Distribution Division, holding a senior management position since 2025.</p>
<p>Mike Brown, Executive Vice President, Wood Products</p>
<p>Mike Brown serves as the Executive Vice President, overseeing the Wood Products division of Boise Cascade Company.</p>
<p>Jill Twedt, Senior Vice President, General Counsel and Corporate Secretary</p>
<p>Jill Twedt holds the position of Senior Vice President, General Counsel, and Corporate Secretary, having been in senior management since 2020. She previously served as VP, Legal & Secretary and took on the role of VP, General Counsel and Secretary in 2019.</p>
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Boise Cascade (BCC) operates in several addressable markets related to wood products manufacturing and building materials distribution. The main products and services include engineered wood products, plywood, lumber, and a broad line of distributed building materials. The market sizes for these offerings, primarily within the U.S. and North America, are as follows:
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Engineered Wood Products (EWP): The global engineered wood market was valued at approximately USD 354.40 billion in 2023 and is forecast to reach about USD 572 billion by 2032, with a compound annual growth rate (CAGR) of 6.17%. North America is expected to experience some of the fastest growth in the engineered wood market. The global engineered wood market size is forecast to increase by USD 7.46 billion, at a CAGR of 7.1% between 2024 and 2029.
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Plywood: The U.S. plywood market size was valued at USD 32.75 billion in 2024 and is anticipated to reach USD 50.87 billion by 2033, growing at a CAGR of 5.44% from 2025 to 2033. Globally, the plywood market size was valued at USD 90.66 billion in 2024 and is predicted to reach approximately USD 162.66 billion by 2034, with a CAGR of 6.02%.
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Lumber: The U.S. lumber market demand is projected to reach $51.0 billion (68.8 billion board feet) by 2025. The market size of Lumber Wholesaling in the U.S. was $148.9 billion in 2024 and is projected to be $150.7 billion in 2025. The global lumber market size was USD 469.5 million in 2024, with North America holding more than 40% of the global revenue. The global lumber market size is projected to reach $493.373 billion by 2033, growing at a CAGR of 3.371% from 2025 to 2033.
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Building Materials Distribution: The building materials distribution industry in the U.S. generates about $323.6 billion annually. The building materials distribution market across North America and Europe totals over $800 billion. The U.S. construction materials market was valued at USD 146.8 billion in 2022 and is projected to grow at a CAGR of 3.7% during the forecast period. The global building materials market size was approximately USD 1.35 trillion in 2024, anticipated to reach around USD 1.41 trillion by 2025, and is expected to be worth approximately USD 2 trillion by 2034, growing at a CAGR of 4% from 2025 to 2034.
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Here are 3-5 expected drivers of future revenue growth for Boise Cascade (BCC) over the next 2-3 years:
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Growth in Residential Construction and Single-Family Housing: Boise Cascade is strategically positioned to benefit from the long-term demand in residential construction, particularly within the single-family housing segment. The company aims to capture market share due to underlying generational tailwinds and an existing undersupply of housing units.
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Expansion of Building Materials Distribution (BMD) Network: The company is actively investing in and expanding its distribution capabilities. This includes establishing new greenfield distribution centers, such as the one in Hondo, Texas, to better serve growing markets like Austin and San Antonio, and making strategic acquisitions of wholesale distributors like BROSCO in 2023. These efforts broaden Boise Cascade's market reach and diversify its revenue streams.
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Increased Sales of General Line Products and Strategic Partnerships: Boise Cascade has demonstrated growth in its general line product sales, with a reported 6% year-over-year increase. This growth is supported by strategic capacity expansions and notable market share gains in sectors like decking and multifamily housing. Furthermore, expanding strategic partnerships, such as the one with James Hardie in the Baltimore market for decking, is expected to introduce new revenue streams and enhance market presence.
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Strategic Investments in Engineered Wood Products (EWP) Production: The company is making significant capital investments in its EWP production facilities, including multi-year investments at its Thorsby EWP mill and Oakdale veneer and plywood mill. These investments are aimed at improving operational efficiency, enhancing product quality, and increasing manufacturing capacity for its core engineered wood products.
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Share Repurchases
- Boise Cascade repurchased approximately 1.5 million shares of its common stock for $194.9 million during the full year 2024.
- For the nine months ended September 30, 2025, the company paid $111.0 million for the repurchase of 1,128,752 shares of common stock, with an additional $9 million used to repurchase 120,000 shares in October 2025.
- The Board of Directors authorized a new share repurchase program of up to $300 million, replacing a prior authorization.
Capital Expenditures
- Boise Cascade's actual capital expenditures for 2024 were $230 million.
- Expected capital expenditures for 2025 are projected to be between $230 million and $250 million, excluding potential acquisition spending.
- The primary focus of these capital expenditures is multi-year investments in Engineered Wood Products (EWP) production capabilities, including adding I-joist production at its Thorsby, Alabama, facility and significant modernization projects at its Oakdale/Hopedale, Louisiana, veneer and plywood mills, as well as new greenfield distribution centers in Texas and South Carolina.
