BOISE CASCADE Co BCC
Boise Cascade is one of the largest U.S. wholesale distributors of building materials and a leading manufacturer of engineered wood products (EWP) and plywood in North America. As used in this Form 10-K, the terms "Boise Cascade," "we," and "our" refer to Boise Cascade Company and its consolidated subsidiaries. As a leading distributor and manufacturer of building materials, we bring people, products, and services together to build strong homes, businesses, and communities that stand the test of time.
Our two reportable segments, Building Materials Distribution and Wood Products, operate with a high degree of integration. Our Building Materials Distribution segment (BMD) operates a nationwide network of distribution facilities that sell a broad line of building materials, including oriented strand board (OSB), plywood, and lumber (collectively referred to as commodities); general line items such as siding, composite decking, doors and millwork, metal products, roofing, and insulation; and EWP. In our Wood Products segment, we manufacture laminated veneer lumber (LVL), I-joists, and laminated beams, which are collectively referred to as EWP. In addition, we manufacture structural, appearance, and industrial grade plywood panels, and ponderosa pine lumber. BMD is the largest customer of our Wood Products segment. Substantially all of BMD's EWP is sourced from our Wood Products segment, with the remaining products we distribute sourced from a broad vendor base of third-party suppliers ranging from large manufacturers to small regional producers.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Building Materials Distribution
- Wood Products
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Building Materials Distribution | $5.94B | $6.17B | $6.18B |
| Wood Products | $463.3M | $557.8M | $659.7M |
As the company reported it, from the “Segment Information - Analysis of Operations by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.40B | $6.72B | $6.84B | $8.39B | $7.93B | $5.47B | $4.64B | $5.00B | $4.43B | $3.91B |
| SG&A | $99.7M | $102.3M | $114.4M | $103.8M | $83.2M | $78.6M | $71.1M | $68.8M | $63.0M | $59.8M |
| Total operating expenses | $6.22B | $6.23B | $6.21B | $7.23B | $6.95B | $5.14B | $4.51B | $4.92B | $4.29B | $3.83B |
| Operating income | $183.3M | $490.0M | $624.4M | $1.16B | $971.8M | $335.0M | $136.5M | $72.0M | $141.4M | $84.7M |
| Interest expense | $21.8M | $24.1M | $25.5M | $25.4M | $24.8M | $26.2M | $26.1M | $26.2M | $25.4M | $26.7M |
| Pre-tax income | $180.0M | $501.8M | $645.0M | $1.15B | $948.9M | $286.3M | $108.2M | $22.1M | $117.6M | $43.3M |
| Income tax | $47.1M | $125.4M | $161.4M | $288.7M | $236.4M | $111.3M | $27.3M | $1.6M | $34.6M | $5.0M |
| Net income | $132.8M | $376.4M | $483.7M | $857.7M | $712.5M | $175.0M | $80.9M | $20.5M | $83.0M | $38.3M |
| EPS, basic | 3.54 | 9.63 | 12.20 | 21.70 | 18.07 | 4.45 | 2.07 | 0.53 | 2.15 | 0.99 |
| EPS, diluted | 3.53 | 9.57 | 12.12 | 21.56 | 17.97 | 4.44 | 2.06 | 0.52 | 2.12 | 0.98 |
| Shares, diluted (wtd. avg.) | 37.6M | 39.3M | 39.9M | 39.8M | 39.6M | 39.4M | 39.2M | 39.4M | 39.1M | 38.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $477.2M | $713.3M | $949.6M | $998.3M | $748.9M | $405.4M | $285.2M | $191.7M | $177.1M | $104.0M |
| Receivables | — | — | — | $297.2M | $444.3M | $375.9M | $215.9M | $214.3M | $246.5M | $199.2M |
| Inventory | $795.7M | $803.3M | $712.4M | $697.6M | $660.7M | $503.5M | $497.6M | $533.0M | $476.7M | $433.5M |
| Total current assets | $1.65B | $1.89B | $2.06B | $2.06B | $1.89B | $1.31B | $1.02B | $985.8M | $932.6M | $760.5M |
| Property, plant and equipment | $1.16B | $1.05B | $932.6M | $770.0M | $495.2M | $461.5M | $476.9M | $487.2M | $565.8M | $568.7M |
| Goodwill | $185.4M | $171.9M | $170.3M | $138.0M | $60.4M | $60.4M | $60.4M | $59.2M | $55.4M | $55.4M |
| Other intangibles | $159.7M | $173.0M | $190.7M | $161.4M | $15.4M | $16.6M | $17.8M | $16.9M | $15.1M | $15.5M |
| Total assets | $3.24B | $3.37B | $3.46B | $3.24B | $2.57B | $1.97B | $1.69B | $1.58B | $1.61B | $1.44B |
| Total current liabilities | $493.1M | $564.0M | $594.1M | $545.8M | $640.7M | $524.0M | $385.0M | $369.8M | $381.6M | $312.9M |
| Long-term debt | $445.4M | $446.2M | $445.3M | $444.4M | $444.6M | $443.8M | $440.5M | $439.4M | $438.3M | $437.6M |
| Retained earnings | $1.50B | $1.93B | $1.78B | $1.65B | $948.9M | $452.3M | $356.7M | $330.1M | $361.2M | $281.1M |
| Total equity | $2.07B | $2.15B | $2.20B | $2.06B | $1.35B | $850.8M | $701.3M | $672.6M | $674.5M | $580.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $254.1M | $438.3M | $687.5M | $1.04B | $667.0M | $294.5M | $245.6M | $163.6M | $151.6M | $151.9M |
| Depreciation and amortisation | $158.2M | $144.1M | $132.5M | $101.6M | $80.8M | $95.2M | $80.1M | $146.8M | $80.4M | $72.8M |
| Stock-based compensation | $12.1M | $15.5M | $15.4M | $11.9M | $7.9M | $7.8M | $8.0M | $8.8M | $9.7M | $8.2M |
| Capital expenditure | $241.4M | $229.6M | $215.4M | $114.1M | $106.5M | $79.4M | $82.7M | $80.0M | $75.5M | $83.6M |
| Investing cash flow | -$263.3M | -$237.8M | -$375.6M | -$625.5M | -$105.6M | -$78.7M | -$94.1M | -$89.3M | -$73.2M | -$298.8M |
| Financing cash flow | -$226.9M | -$436.8M | -$360.7M | -$166.3M | -$217.9M | -$95.7M | -$58.0M | -$59.8M | -$5.2M | $66.4M |
| Dividends paid | $34.6M | $228.8M | $346.5M | $159.6M | $213.7M | $79.2M | $54.0M | $50.6M | $2.7M | $0 |
| Buybacks | $183.1M | $194.9M | $6.4M | $0 | $0 | $0 | $0 | $4.9M | $0 | $10.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001328581-26-000006.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.91B | $4.43B | $5.00B | $4.64B | $5.47B | $7.93B | $8.39B | $6.84B | $6.72B | $6.40B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $38.3M | $83.0M | $20.5M | $80.9M | $175.0M | $712.5M | $857.7M | $483.7M | $376.4M | $132.8M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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