Boise Cascade (BCC)
Market Price (8/11/2026): $84.755 | Market Cap: $3.0 BilSector: Industrials | Industry: Building Products
Boise Cascade (BCC)
Market Price (8/11/2026): $84.755Market Cap: $3.0 BilSector: IndustrialsIndustry: Building Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Low stock price volatilityVol 12M is 41% Megatrend and thematic driversMegatrends include Sustainable Resource Management, Sustainable & Green Buildings, and Advanced Materials. Themes include Green Building Materials, Show more. | Weak multi-year price returns2Y Excs Rtn is -77%, 3Y Excs Rtn is -86% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3% Key risksBCC key risks include operational challenges in [1] managing rising conversion costs, Show more. |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include Sustainable Resource Management, Sustainable & Green Buildings, and Advanced Materials. Themes include Green Building Materials, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -77%, 3Y Excs Rtn is -86% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3% |
| Key risksBCC key risks include operational challenges in [1] managing rising conversion costs, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Boise Cascade (BCC) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Boise Cascade outperformed analyst expectations in both fiscal Q1 and Q2 2026 earnings. The company reported diluted earnings per share (EPS) of $0.50 for fiscal Q1 2026 (ended March 31, 2026), exceeding the consensus estimate of $0.43 by $0.07, with revenue of $1.50 billion also topping forecasts by nearly 3%. For fiscal Q2 2026 (ended June 30, 2026), Boise Cascade announced net income of $57.3 million, or $1.63 diluted EPS, on sales of $1.8 billion, surpassing analyst expectations of $1.12 EPS and $1.77 billion in revenue.
2. The company demonstrated a strong commitment to shareholder returns through increased dividends and substantial share repurchases. On July 30, 2026, Boise Cascade's board of directors declared a 5% increase in its quarterly dividend, raising it from $0.22 to $0.23 per share. Furthermore, for the six months ended June 30, 2026, the company repurchased 1,404,815 shares of its common stock for $108.3 million, with approximately $130 million remaining under its existing share repurchase program.
Show more
Boise Cascade (BCC) stock has gained about 5% since 4/30/2026 because of the following key factors:
1. Boise Cascade outperformed analyst expectations in both fiscal Q1 and Q2 2026 earnings. The company reported diluted earnings per share (EPS) of $0.50 for fiscal Q1 2026 (ended March 31, 2026), exceeding the consensus estimate of $0.43 by $0.07, with revenue of $1.50 billion also topping forecasts by nearly 3%. For fiscal Q2 2026 (ended June 30, 2026), Boise Cascade announced net income of $57.3 million, or $1.63 diluted EPS, on sales of $1.8 billion, surpassing analyst expectations of $1.12 EPS and $1.77 billion in revenue.
2. The company demonstrated a strong commitment to shareholder returns through increased dividends and substantial share repurchases. On July 30, 2026, Boise Cascade's board of directors declared a 5% increase in its quarterly dividend, raising it from $0.22 to $0.23 per share. Furthermore, for the six months ended June 30, 2026, the company repurchased 1,404,815 shares of its common stock for $108.3 million, with approximately $130 million remaining under its existing share repurchase program.
3. Positive analyst sentiment and price target upgrades contributed to investor confidence. Wall Street analysts generally hold a "Moderate Buy" to "Buy" consensus rating for Boise Cascade, with an average price target ranging from $92.33 to $92.80. This implies a significant potential upside of 11.91% to 22.49% from recent trading prices. Additionally, the company's stock received three upgrades from analysts within the 90 days prior to August 3, 2026.
4. Resilient long-term industry fundamentals provided underlying support despite macroeconomic headwinds. While the company acknowledged ongoing profitability pressures and uncertainty from housing demand softness and elevated mortgage rates, the stock benefited from supportive long-term trends in the building products industry. These include an undersupply of housing, favorable demographic shifts driving household formation, and an aging housing stock which fuels renovation and repair markets. Boise Cascade's Building Materials Distribution segment, which accounted for 93% of net sales in fiscal Q1 2026, and its Engineered Wood Products segment are well-positioned to capitalize on these enduring demands.
Show less
Stock Movement Drivers
Fundamental Drivers
The 7.3% change in BCC stock from 4/30/2026 to 8/10/2026 was primarily driven by a 28.9% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8102026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.02 | 84.75 | 7.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,405 | 6,458 | 0.8% |
| Net Income Margin (%) | 2.1% | 1.6% | -21.1% |
| P/E Multiple | 21.9 | 28.2 | 28.9% |
| Shares Outstanding (Mil) | 37 | 35 | 4.6% |
| Cumulative Contribution | 7.3% |
Market Drivers
4/30/2026 to 8/10/2026| Return | Correlation | |
|---|---|---|
| BCC | 7.3% | |
| Market (SPY) | 7.6% | 34.7% |
| Sector (XLI) | 5.7% | 50.6% |
Fundamental Drivers
The 5.5% change in BCC stock from 1/31/2026 to 8/10/2026 was primarily driven by a 81.4% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8102026 | Change |
|---|---|---|---|
| Stock Price ($) | 80.34 | 84.75 | 5.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,512 | 6,458 | -0.8% |
| Net Income Margin (%) | 3.0% | 1.6% | -44.8% |
| P/E Multiple | 15.6 | 28.2 | 81.4% |
| Shares Outstanding (Mil) | 37 | 35 | 6.2% |
| Cumulative Contribution | 5.5% |
Market Drivers
1/31/2026 to 8/10/2026| Return | Correlation | |
|---|---|---|
| BCC | 5.5% | |
| Market (SPY) | 12.0% | 35.4% |
| Sector (XLI) | 11.9% | 53.0% |
Fundamental Drivers
The 2.3% change in BCC stock from 7/31/2025 to 8/10/2026 was primarily driven by a 180.1% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8102026 | Change |
|---|---|---|---|
| Stock Price ($) | 82.87 | 84.75 | 2.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,615 | 6,458 | -2.4% |
| Net Income Margin (%) | 4.7% | 1.6% | -65.4% |
| P/E Multiple | 10.1 | 28.2 | 180.1% |
| Shares Outstanding (Mil) | 38 | 35 | 8.0% |
| Cumulative Contribution | 2.3% |
Market Drivers
7/31/2025 to 8/10/2026| Return | Correlation | |
|---|---|---|
| BCC | 2.3% | |
| Market (SPY) | 23.3% | 31.0% |
| Sector (XLI) | 22.7% | 51.1% |
Fundamental Drivers
The -8.8% change in BCC stock from 7/31/2023 to 8/10/2026 was primarily driven by a -79.8% change in the company's Net Income Margin (%).| (LTM values as of) | 7312023 | 8102026 | Change |
|---|---|---|---|
| Stock Price ($) | 92.90 | 84.75 | -8.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,143 | 6,458 | -9.6% |
| Net Income Margin (%) | 8.1% | 1.6% | -79.8% |
| P/E Multiple | 6.4 | 28.2 | 344.3% |
| Shares Outstanding (Mil) | 40 | 35 | 12.7% |
| Cumulative Contribution | -8.8% |
Market Drivers
7/31/2023 to 8/10/2026| Return | Correlation | |
|---|---|---|
| BCC | -8.8% | |
| Market (SPY) | 74.8% | 45.9% |
| Sector (XLI) | 74.1% | 58.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BCC Return | 62% | 2% | 107% | -4% | -37% | 18% | 142% |
| Peers Return | 74% | -21% | 55% | 2% | -22% | 1% | 73% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| BCC Win Rate | 58% | 50% | 67% | 58% | 33% | 62% | |
| Peers Win Rate | 62% | 47% | 53% | 52% | 35% | 48% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BCC Max Drawdown | -34% | -35% | -24% | -25% | -48% | -28% | |
| Peers Max Drawdown | -24% | -35% | -27% | -22% | -35% | -30% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WY, BLDR, UFPI, LPX, WFG. See BCC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/10/2026 (YTD)
How Low Can It Go
| Event | BCC | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.8% | -6.7% |
| % Gain to Breakeven | 27.8% | 7.1% |
| Time to Breakeven | 68 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -19.2% | -24.5% |
| % Gain to Breakeven | 23.7% | 32.4% |
| Time to Breakeven | 45 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -46.7% | -33.7% |
| % Gain to Breakeven | 87.8% | 50.9% |
| Time to Breakeven | 116 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -36.1% | -19.2% |
| % Gain to Breakeven | 56.4% | 23.8% |
| Time to Breakeven | 298 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -31.0% | -3.7% |
| % Gain to Breakeven | 45.0% | 3.9% |
| Time to Breakeven | 97 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -56.4% | -12.2% |
| % Gain to Breakeven | 129.3% | 13.9% |
| Time to Breakeven | 568 days | 62 days |
In The Past
Boise Cascade's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | BCC | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.8% | -6.7% |
| % Gain to Breakeven | 27.8% | 7.1% |
| Time to Breakeven | 68 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -46.7% | -33.7% |
| % Gain to Breakeven | 87.8% | 50.9% |
| Time to Breakeven | 116 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -36.1% | -19.2% |
| % Gain to Breakeven | 56.4% | 23.8% |
| Time to Breakeven | 298 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -31.0% | -3.7% |
| % Gain to Breakeven | 45.0% | 3.9% |
| Time to Breakeven | 97 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -56.4% | -12.2% |
| % Gain to Breakeven | 129.3% | 13.9% |
| Time to Breakeven | 568 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -38.4% | -6.8% |
| % Gain to Breakeven | 62.4% | 7.3% |
| Time to Breakeven | 435 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -26.7% | -0.2% |
| % Gain to Breakeven | 36.4% | 0.2% |
| Time to Breakeven | 134 days | 1 days |
In The Past
Boise Cascade's stock fell 0.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Boise Cascade (BCC)
Boise Cascade Company (BCC) is a key participant in the North American building materials sector, primarily involved in both manufacturing specialized wood products and distributing a broad range of building materials across the United States and Canada.
The company's Wood Products segment is responsible for manufacturing essential engineered wood products, including laminated veneer lumber (LVL), laminated beams, and I-joists, which are critical components for headers, beams, and residential and commercial flooring and roofing systems. This segment also produces structural and industrial plywood panels, alongside ponderosa pine lumber. These products primarily serve new residential construction, the residential repair-and-remodeling market, light commercial construction, and various industrial applications. Customers for these manufactured goods include wholesalers, home improvement centers, retail lumberyards, and industrial converters.
In parallel, the Building Materials Distribution segment acts as a significant distributor of building supplies. This segment distributes foundational items such as oriented strand board (OSB), plywood, and lumber, as well as a comprehensive line of general construction materials including siding, composite decking, doors, metal products, insulation, and roofing, in addition to engineered wood products. Its extensive distribution network caters to a wide customer base that includes dealers, home improvement centers, and specialty distributors.
AI Analysis | Feedback
Here are 1-2 brief analogies to describe Boise Cascade:
-
Think of them as a major wholesale supplier and manufacturer for the construction and home improvement industries, essentially the upstream engine for companies like Home Depot and Lowe's.
-
Similar to Builders FirstSource (BLDR), but Boise Cascade also manufactures its own engineered wood products such as laminated beams and I-joists.
AI Analysis | Feedback
- Laminated Veneer Lumber (LVL) & Laminated Beams: Engineered wood products primarily used in headers and beams.
- I-Joists: Engineered wood products designed for residential and commercial flooring, roofing, and other structural applications.
- Plywood Panels: Manufactures and distributes structural, appearance, and industrial grade plywood panels.
- Lumber: Produces ponderosa pine lumber and distributes various other lumber products.
- Oriented Strand Boards (OSB): A widely used engineered wood panel product.
- General Building Materials: Distributes a comprehensive range of building materials including siding, composite decking, doors, metal products, insulation, and roofing.
AI Analysis | Feedback
Boise Cascade (BCC) sells primarily to other companies.
Its major customers fall into categories identified in its business segments, including:
- Wholesalers
- Home improvement centers
- Retail lumberyards
- Industrial converters
- Dealers
- Specialty distributors
While the company description does not explicitly name specific customer companies, based on the category of "home improvement centers," major public companies that are highly likely to be significant customers for a building materials manufacturer and distributor include:
- The Home Depot, Inc. (HD)
- Lowe's Companies, Inc. (LOW)
AI Analysis | Feedback
AI Analysis | Feedback
Jeff Strom
Chief Executive Officer
Mr. Strom assumed the role of Chief Executive Officer effective March 3, 2026, succeeding Nate Jorgensen upon his retirement. He has over 34 years of experience in the building materials industry. Mr. Strom joined Boise Cascade in 2006 and has held various key leadership positions within the Company. Prior to his appointment as CEO, he served as Chief Operating Officer and previously as Executive Vice President of the Building Materials Distribution (BMD) division. He also held the position of Vice President and General Manager for the BMD Eastern Region. Mr. Strom holds a bachelor's degree in management from the Georgia Institute of Technology and serves on the board of trustees for the Boise Valley Habitat for Humanity.
Kelly Hibbs
Senior Vice President, Chief Financial Officer, and Treasurer
Mr. Hibbs was promoted to Senior Vice President, Chief Financial Officer, and Treasurer effective May 14, 2021. He joined Boise Cascade in 1996. His previous roles within the Company include Vice President, Controller (since 2011) and Director of Strategic Planning and Internal Audit. Mr. Hibbs is a Certified Public Accountant (CPA) and earned a bachelor's degree in accounting from Boise State University. He previously served as President & Director for the Downtown Boise Association, Inc.
Joanna Barney
Executive Vice President, Building Materials Distribution
Ms. Barney was appointed Executive Vice President of Building Materials Distribution, effective February 17, 2025. In this role, she is responsible for overseeing the Company's more than 40 distribution facilities, including millwork and door shops, across the U.S. Ms. Barney joined Boise Cascade in 2005 and has held a series of progressively responsible positions, including director of BMD sales and marketing.
Troy Little
Executive Vice President, Wood Products
Mr. Little was promoted to Executive Vice President of Wood Products, effective May 3, 2024. He has 33 years of service with Boise Cascade. His experience spans finance, strategy, commodity sales, and operational leadership, including serving as Region Manager for six manufacturing facilities in Oregon. Mr. Little was promoted to Vice President in 2021 and Senior Vice President in 2023.
Jill Twedt
Senior Vice President, General Counsel and Corporate Secretary
Ms. Twedt serves as the Senior Vice President, General Counsel, and Corporate Secretary for Boise Cascade. No additional background details were readily available in the provided search results regarding prior company management, sales, or private equity involvement.
AI Analysis | Feedback
Key Risks to Boise Cascade (BCC)
Cyclicality of the Construction and Housing Markets
Boise Cascade's business is highly dependent on new residential construction, residential repair-and-remodeling markets, and light commercial construction in the United States and Canada. Both its Wood Products and Building Materials Distribution segments derive significant demand from these sectors. A downturn in the housing market, rising interest rates, or a general economic slowdown could lead to decreased demand for its manufactured wood products and distributed building materials, significantly impacting revenues and profitability.
Volatility of Commodity Wood Product Prices
The prices of commodity wood products, such as lumber, plywood, and oriented strand board, are subject to significant fluctuations due to factors like supply and demand dynamics, economic conditions, trade policies, and weather. As a manufacturer and distributor of these materials, Boise Cascade's profitability can be materially affected by changes in both the cost of raw materials (timber) and the selling prices of its finished products. Sustained periods of declining prices or increased input costs could compress profit margins.
Reliance on Raw Material Supply and Environmental Regulations
As a manufacturer of wood products, Boise Cascade relies on a consistent and cost-effective supply of timber and other raw materials. Factors such as environmental regulations (e.g., restrictions on logging), natural disasters (e.g., wildfires, insect infestations), and competition for timber resources can impact the availability and cost of these essential inputs. Disruptions to the raw material supply chain or increased compliance costs due to stricter environmental regulations could adversely affect production capabilities and financial performance.
AI Analysis | Feedback
AI Analysis | Feedback
Boise Cascade Company (BCC) operates within several addressable markets across the United States and Canada, primarily related to wood products and building materials distribution. These markets encompass engineered wood products, plywood, softwood lumber, and the broader residential construction and remodeling sectors.
Addressable Markets for Boise Cascade's Main Products and Services:
- Engineered Wood Products (EWP): The North America engineered wood market was valued at more than USD 66 billion in 2023. This market includes products like plywood, oriented strand boards (OSB), glulam, cross-laminated timber (CLT), and laminated veneer lumber (LVL). North America is the largest market for engineered wood products, holding approximately 45% of the global market share. The United States is the largest contributor within North America.
- Laminated Veneer Lumber (LVL): The North America laminated veneer lumber market was valued at USD 2.29 billion in 2024 and is anticipated to reach USD 2.69 billion by 2033, growing at a CAGR of 1.81% from 2025 to 2033. The U.S. market accounted for 82.3% of the North American LVL market in 2024, with Canada holding 14.3%. Another source indicates the North America LVL market size as USD 2.24 billion in 2024, projected to reach 2.64 million cubic meters by 2033. The global LVL market was valued at USD 4.72 billion in 2025 and is expected to reach USD 8.09 billion by 2033, with North America dominating with about 40% of the revenue share in 2025.
- I-Joists: The global I-joist market size was estimated at USD 2.77 billion in 2025 and is expected to reach USD 4.30 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2025 to 2032. North America is expected to dominate the I-joist market, holding an estimated 38.5% share in 2025. Another report states the global I-Joist market size was USD 5.70 billion in 2025 and is expected to reach USD 12.41 billion by 2033. Specifically for North America, the I-joist market is forecast to increase by USD 1.27 billion at a CAGR of 6.4% between 2023 and 2028.
- Plywood/Structural Panels: The North America plywood market was valued at USD 22.10 billion in 2025 and is projected to reach USD 36.15 billion by 2034, growing at a CAGR of 5.62% from 2026 to 2034. Softwood plywood was the strongest segment in this market, accounting for 68.3% of total consumption as of 2024. Another source indicates the North American plywood market is projected to reach USD 30,000 million by December 2025. The market volume for plywood in North America was 15 million cubic meters (valued at USD 10.2 billion) in 2024.
- Softwood Lumber: The North America softwood lumber market is estimated to reach USD 6.1 billion by 2030, growing at a CAGR of 5.0% during the forecast period 2024-2030. North America accounts for approximately 45% of the global softwood lumber market share. The United States and Canada are the leading countries in this market. The global softwood lumber market size was valued at USD 640.35 billion in 2024 and is projected to reach USD 872.74 billion by 2033, growing at a CAGR of 3.5% from 2026–2033. North America holds a strong position in this market, driven by robust construction activity. As per another study, North America's softwood lumber market held 37.30% of the global market revenue of USD 343.5 billion in 2025.
End-Use Markets for Boise Cascade's Products:
- U.S. Residential Construction Market: The U.S. residential construction market size is estimated at USD 1.41 trillion in 2026 and is forecast to reach USD 1.76 trillion by 2031, growing at a CAGR of 4.53% over 2026-2031. Another report valued the U.S. residential construction market at USD 231 billion based on a five-year historical analysis. The broader U.S. construction market was valued at USD 2.2 trillion in 2025, with the residential construction segment holding 54.3% of the market share.
- Canada Residential Construction Market: The Canada residential construction market size is USD 217.59 billion in 2026, rising to USD 265.64 billion by 2031, with a CAGR of 4.09% over 2026-2031. In 2025, the residential construction segment dominated the overall Canada construction market with a 58.4% share, which was valued at USD 280.30 billion. The value of residential construction in Canada is projected to reach USD 166.4 billion in 2026.
- U.S. Residential Remodeling Market: The U.S. residential remodeling market size was estimated at USD 527.36 billion in 2023 and is projected to grow at a CAGR of 4.6% from 2024 to 2030. Another source states the market was valued at USD 517.61 million (likely a typo, should be billion) in 2023 and is anticipated to grow to USD 754.75 million (likely billion) by 2032. Home improvement and repair spending in the U.S. was expected to remain above USD 600 billion through 2025.
- Canada Home Remodeling Market: The Canada home remodeling market size, valued at USD 27.52 billion in 2024, is expected to expand to USD 44.71 billion by 2033, expanding at a CAGR of 5.54% from 2026–2033. In 2024, renovations accounted for 56% of all residential investment in Canada, totaling USD 103 billion, compared to USD 86 billion for new housing. Residential renovation expenditure in Canada is projected to reach USD 61.0 billion in 2025.
AI Analysis | Feedback
Boise Cascade (BCC) is expected to drive future revenue growth over the next 2-3 years through several key factors:
- Strategic Acquisitions: The company anticipates growth within its Building Materials Distribution (BMD) segment, significantly bolstered by the recent acquisition of Holden Humphrey. This acquisition is projected to contribute an additional 2%-3% to 2026 sales.
- Favorable Commodity Pricing and Market Stability: Boise Cascade has indicated a positive outlook for commodity pricing, expecting stabilization in engineered wood products (EWP) pricing and a positive trajectory for lumber and oriented strand board (OSB) prices. This trend is likely to positively impact both its Wood Products and Building Materials Distribution segments.
- Sustained Demand from Housing and Remodeling Markets: Management anticipates that a persistent housing shortage and resilient remodeling activity will drive long-term demand for its products. The aging of U.S. homes (over 40 years old on average) and record-high home equity levels are expected to continue fueling remodeling activity.
- Growth in Building Materials Distribution (BMD) General Line Sales: The Building Materials Distribution segment is well-positioned for growth, evidenced by a 3% year-over-year increase in general line sales. This growth reflects the company's strong vendor relationships and efforts to capture market share.
- Strategic Investments in Manufacturing and Distribution: Boise Cascade is making strategic investments in both its distribution and Engineered Wood Products (EWP) manufacturing businesses. These investments are aimed at enhancing capabilities and capacity, positioning the company to capitalize on opportunities as housing starts recover.
AI Analysis | Feedback
Share Repurchases
- Boise Cascade repurchased $181.4 million of its common stock in 2025.
- In January and February 2026, the company repurchased an additional $39 million of common stock.
- As of October 30, 2025, a new share repurchase program was authorized for up to $300 million, replacing the prior authorization. Approximately $200 million remained available under the existing program as of February 2026.
Outbound Investments
- In December 2025, Boise Cascade completed the acquisition of Holden Humphrey, a distributor of building materials, to expand its presence in the US Northeast.
- In October 2023, the company acquired Brockway-Smith Company (BROSCO), a wholesale distributor specializing in doors and millwork, for $168 million.
- In 2022, Boise Cascade completed the acquisition of Coastal Plywood Company, including its manufacturing operations in Havana, Florida, and Chapman, Alabama, expanding its capacity.
Capital Expenditures
- Capital expenditures totaled $241 million in 2025, with $105 million allocated to Building Materials Distribution (BMD) operations and $136 million to Wood Products. These investments were aimed at solidifying and expanding the national distribution presence and supporting Engineered Wood Products (EWP) production capabilities.
- For 2026, expected capital expenditures are approximately $150 million to $170 million, excluding potential acquisition spending. The spending is anticipated for business improvement and efficiency projects, replacement projects, and ongoing environmental compliance.
- In 2024, the company used approximately $229.6 million for purchases of property and equipment, focusing on multi-year capacity expansion projects in EWP and greenfield distribution centers in Texas and South Carolina.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 73.19 |
| Mkt Cap | 5.4 |
| Rev LTM | 6,346 |
| Op Inc LTM | 237 |
| FCF LTM | 41 |
| FCF 3Y Avg | 196 |
| CFO LTM | 385 |
| CFO 3Y Avg | 554 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -7.0% |
| Rev Chg 3Y Avg | -6.4% |
| Rev Chg Q | -3.6% |
| QoQ Delta Rev Chg LTM | -1.0% |
| Op Inc Chg LTM | -59.1% |
| Op Inc Chg 3Y Avg | -35.1% |
| Op Mgn LTM | 3.8% |
| Op Mgn 3Y Avg | 7.1% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 7.1% |
| CFO/Rev 3Y Avg | 9.4% |
| FCF/Rev LTM | 0.4% |
| FCF/Rev 3Y Avg | 4.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.4 |
| P/S | 0.9 |
| P/Op Inc | 18.2 |
| P/EBIT | 17.5 |
| P/E | 33.4 |
| P/CFO | 10.4 |
| Total Yield | 3.6% |
| Dividend Yield | 1.6% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.5% |
| 3M Rtn | 9.4% |
| 6M Rtn | -12.0% |
| 12M Rtn | -2.1% |
| 3Y Rtn | -10.4% |
| 1M Excs Rtn | 4.2% |
| 3M Excs Rtn | 3.5% |
| 6M Excs Rtn | -24.9% |
| 12M Excs Rtn | -25.5% |
| 3Y Excs Rtn | -82.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Building Materials Distribution | 5,941 | 6,166 | 6,179 | 7,644 | 7,174 |
| Wood Products | 1,613 | 1,832 | 1,933 | 2,116 | 1,971 |
| Intersegment eliminations | -1,150 | -1,275 | -1,273 | -1,372 | -1,219 |
| Total | 6,405 | 6,724 | 6,838 | 8,387 | 7,926 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Building Materials Distribution | 222 | 303 | 336 | 627 | 481 |
| Wood Products | 6 | 231 | 337 | 575 | 531 |
| Unallocated corporate costs | -45 | -45 | -49 | -44 | -41 |
| Total | 183 | 490 | 624 | 1,158 | 972 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Building Materials Distribution | 1,580 | 1,524 | 1,440 | 1,076 | 1,192 |
| Wood Products | 1,183 | 1,146 | 1,084 | 1,120 | 721 |
| Corporate | 478 | 700 | 935 | 1,045 | 659 |
| Total | 3,242 | 3,369 | 3,459 | 3,241 | 2,573 |
Price Behavior
| Market Price | $84.75 | |
| Market Cap ($ Bil) | 3.0 | |
| First Trading Date | 02/06/2013 | |
| Distance from 52W High | -6.4% | |
| 50 Days | 200 Days | |
| DMA Price | $75.42 | $75.82 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 12.4% | 11.8% |
| 3M | 1YR | |
| Volatility | 45.8% | 40.6% |
| Downside Capture | 86.25 | 108.59 |
| Upside Capture | 159.31 | 88.42 |
| Correlation (SPY) | 36.9% | 33.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.81 | 0.64 | 0.84 | 0.90 | 0.88 | 1.12 |
| Up Beta | -3.04 | -0.98 | -0.15 | 1.00 | 1.28 | 1.23 |
| Down Beta | 2.33 | 1.68 | 1.74 | 1.23 | 0.76 | 0.75 |
| Up Capture | 135% | 110% | 63% | 60% | 54% | 119% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 10 | 19 | 27 | 55 | 107 | 356 |
| Down Capture | 156% | 44% | 97% | 91% | 95% | 107% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 12 | 24 | 36 | 71 | 145 | 396 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BCC | |
|---|---|---|---|---|
| BCC | 3.0% | 40.5% | 0.17 | - |
| Sector ETF (XLI) | 23.9% | 17.0% | 1.09 | 52.3% |
| Equity (SPY) | 23.4% | 12.8% | 1.37 | 33.2% |
| Gold (GLD) | 28.7% | 28.4% | 0.88 | 4.5% |
| Commodities (DBC) | 37.2% | 20.1% | 1.46 | -34.3% |
| Real Estate (VNQ) | 12.4% | 13.8% | 0.60 | 42.1% |
| Bitcoin (BTCUSD) | -44.9% | 43.0% | -1.27 | 5.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BCC | |
|---|---|---|---|---|
| BCC | 17.2% | 41.3% | 0.50 | - |
| Sector ETF (XLI) | 14.1% | 17.6% | 0.63 | 60.1% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 50.5% |
| Gold (GLD) | 18.9% | 18.6% | 0.83 | 4.3% |
| Commodities (DBC) | 9.2% | 19.6% | 0.36 | 3.9% |
| Real Estate (VNQ) | 2.1% | 18.9% | 0.01 | 48.4% |
| Bitcoin (BTCUSD) | 10.6% | 52.9% | 0.39 | 20.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BCC | |
|---|---|---|---|---|
| BCC | 16.7% | 41.8% | 0.51 | - |
| Sector ETF (XLI) | 14.2% | 20.0% | 0.62 | 60.0% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 54.6% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | 7.0% |
| Commodities (DBC) | 7.7% | 18.1% | 0.34 | 14.4% |
| Real Estate (VNQ) | 4.6% | 20.7% | 0.18 | 49.7% |
| Bitcoin (BTCUSD) | 58.3% | 66.2% | 0.98 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | 4.2% | 2.1% | |
| 5/4/2026 | -3.0% | -6.9% | -7.3% |
| 2/23/2026 | 7.6% | 0.1% | -8.7% |
| 11/3/2025 | 3.0% | 2.2% | 9.0% |
| 8/4/2025 | 4.9% | -2.4% | 1.8% |
| 5/5/2025 | -5.4% | 0.7% | -5.1% |
| 2/20/2025 | -8.1% | -11.8% | -14.4% |
| 11/4/2024 | 3.2% | 6.6% | 9.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 17 | 14 |
| # Negative | 10 | 8 | 10 |
| Median Positive | 4.2% | 2.1% | 9.3% |
| Median Negative | -6.6% | -3.3% | -8.2% |
| Max Positive | 7.6% | 14.9% | 20.5% |
| Max Negative | -20.9% | -11.8% | -14.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/3/2026 | 4.2% | 2.1% | |
| 5/4/2026 | -3.0% | -6.9% | -7.3% |
| 2/23/2026 | 7.6% | 0.1% | -8.7% |
| 11/3/2025 | 3.0% | 2.2% | 9.0% |
| 8/4/2025 | 4.9% | -2.4% | 1.8% |
| 5/5/2025 | -5.4% | 0.7% | -5.1% |
| 2/20/2025 | -8.1% | -11.8% | -14.4% |
| 11/4/2024 | 3.2% | 6.6% | 9.6% |
| 8/5/2024 | 4.4% | 1.9% | 5.3% |
| 5/6/2024 | -6.2% | -3.0% | -4.0% |
| 2/20/2024 | -7.9% | -2.0% | 6.2% |
| 10/30/2023 | -0.2% | 9.9% | 20.5% |
| 7/31/2023 | 3.2% | 8.0% | 5.4% |
| 5/4/2023 | 3.7% | 8.4% | 14.7% |
| 2/21/2023 | 6.2% | 1.0% | -11.2% |
| 10/31/2022 | 0.2% | 0.5% | 12.6% |
| 8/1/2022 | -4.4% | 1.3% | -9.7% |
| 5/5/2022 | -6.9% | -3.6% | 5.0% |
| 2/22/2022 | -20.9% | -2.4% | -7.8% |
| 11/1/2021 | 4.6% | 14.9% | 13.9% |
| 8/2/2021 | 5.7% | 8.2% | 17.7% |
| 5/6/2021 | 1.4% | 1.2% | -8.7% |
| 2/22/2021 | -11.0% | 0.7% | 6.5% |
| 10/30/2020 | 6.4% | 12.4% | 11.8% |
| 7/31/2020 | 1.5% | -4.1% | -1.5% |
| SUMMARY STATS | |||
| # Positive | 15 | 17 | 14 |
| # Negative | 10 | 8 | 10 |
| Median Positive | 4.2% | 2.1% | 9.3% |
| Median Negative | -6.6% | -3.3% | -8.2% |
| Max Positive | 7.6% | 14.9% | 20.5% |
| Max Negative | -20.9% | -11.8% | -14.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/04/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/31/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/04/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/05/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 07/31/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/21/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 08/01/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
| 09/30/2021 | 11/01/2021 | 10-Q |
| 06/30/2021 | 08/02/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/22/2021 | 10-K |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/24/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Recent Forward Guidance
Updated 8/4/2026Latest: Q2 2026 Earnings Reported 8/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | 150.00 Mil | 160.00 Mil | 170.00 Mil | 0 | Affirmed | Guidance: 160.00 Mil for 2026 | |
| Q3 2026 BMD EBITDA | 53.00 Mil | 60.50 Mil | 68.00 Mil | -16.6% | Lower New | Guidance: 72.50 Mil for Q2 2026 | |
| Q3 2026 Wood Products EBITDA | 42.00 Mil | 49.50 Mil | 57.00 Mil | 25.3% | Higher New | Guidance: 39.50 Mil for Q2 2026 | |
| Q3 2026 Unallocated Corporate Costs | -13.00 Mil | -12.00 Mil | -11.00 Mil | -7.7% | Higher New | Guidance: -13.00 Mil for Q2 2026 | |
| Q3 2026 Total Company Adjusted EBITDA | 82.00 Mil | 98.00 Mil | 114.00 Mil | -1.0% | Lower New | Guidance: 99.00 Mil for Q2 2026 | |
Prior: Q1 2026 Earnings Reported 5/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 BMD EBITDA | 65.00 Mil | 72.50 Mil | 80.00 Mil | ||||
| Q2 2026 Wood Products EBITDA | 32.00 Mil | 39.50 Mil | 47.00 Mil | ||||
| Q2 2026 Unallocated Corporate Costs | -14.00 Mil | -13.00 Mil | -12.00 Mil | ||||
| Q2 2026 Total Company Adjusted EBITDA | 83.00 Mil | 99.00 Mil | 115.00 Mil | ||||
| 2026 Capital Expenditures | 150.00 Mil | 160.00 Mil | 170.00 Mil | 0 | Affirmed | Guidance: 160.00 Mil for 2026 | |
Q4 2025 Earnings Reported 2/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | 150.00 Mil | 160.00 Mil | 170.00 Mil | 0 | Affirmed | Guidance: 160.00 Mil for 2026 | |
Q3 2025 Earnings Reported 11/3/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Capital Expenditures | 230.00 Mil | 240.00 Mil | 250.00 Mil | 4.3% | Raised | Guidance: 230.00 Mil for 2025 | |
| 2026 Capital Expenditures | 150.00 Mil | 160.00 Mil | 170.00 Mil | ||||
Insider Activity
Updated 8/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Matula, Kristopher J | Direct | Sell | 8062026 | 84.58 | 1,930 | 163,239 | 1,182,598 | Form | |
| 2 | Twedt, Jill | SVP General Counsel & Corp Sec | Direct | Sell | 5142026 | 66.45 | 6,070 | 403,352 | 1,763,918 | Form |
| 3 | Strom, Jeffrey Robert | COO | Direct | Sell | 8262025 | 91.06 | 1,000 | 91,063 | 3,371,713 | Form |
| 4 | Little, Troy | EVP, Wood Products | Direct | Sell | 8072025 | 83.10 | 2,033 | 168,947 | 1,055,482 | Form |
| 5 | Twedt, Jill | SVP General Counsel & Corp Sec | Direct | Sell | 8062025 | 83.97 | 1,782 | 149,635 | 2,759,842 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Matula, Kristopher J | Direct | Sell | 8062026 | 84.58 | 1,930 | 163,239 | 1,182,598 | Form | |
| 2 | Twedt, Jill | SVP General Counsel & Corp Sec | Direct | Sell | 5142026 | 66.45 | 6,070 | 403,352 | 1,763,918 | Form |
| 3 | Strom, Jeffrey Robert | COO | Direct | Sell | 8262025 | 91.06 | 1,000 | 91,063 | 3,371,713 | Form |
| 4 | Little, Troy | EVP, Wood Products | Direct | Sell | 8072025 | 83.10 | 2,033 | 168,947 | 1,055,482 | Form |
| 5 | Twedt, Jill | SVP General Counsel & Corp Sec | Direct | Sell | 8062025 | 83.97 | 1,782 | 149,635 | 2,759,842 | Form |
Investor Activity (13F)
Updated Aug 11, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Building Products Resources |
| Building Design+Construction |
| Construction Dive |
| Architectural Record |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.