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Boise Cascade (BCC)
NYSE:BCC
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.78Last Year’s EPS
$2.44Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -8.44%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging quarter with declines in sales and net income, driven by lower pricing and volumes in key segments. However, the company maintains a strategic focus on capital deployment and anticipates positive long-term housing trends. October performance showed resilience in a volatile market, and the company continues to invest in growth opportunities.Company Guidance
During Boise Cascade's Q3 2024 earnings call, several key metrics and guidance points were discussed. The company reported consolidated third-quarter sales of $1.7 billion, a 7% decrease from Q3 2023, with net income at $91 million or $2.33 per share, down from $143.1 million or $3.58 per share year-over-year. Wood Products sales declined 12% to $453.9 million, with segment EBITDA dropping to $77.4 million from $122.9 million, primarily due to lower EWP and plywood prices and higher conversion costs. Meanwhile, BMD sales fell 6% to $1.6 billion, with segment EBITDA at $87.7 million, down from $104.9 million. The company highlighted a 50 basis point improvement in BMD's gross margin percentage to 15.7%, despite a $7.7 million decrease in gross margin dollars. Looking forward, Boise Cascade expects seasonally lower volumes in Q4 and anticipates capital expenditures between $200 million and $220 million for 2025. The company also increased shareholder returns, with $220 million paid in dividends and $165 million in share repurchases year-to-date.Resilient October Performance
October EWP and plywood volumes were resilient, comparable to third-quarter monthly averages. October sales pace in BMD held strong despite market uncertainties.
Strategic Capital Deployment
Capital expenditures of $136 million in the first 9 months of 2024 with significant spending in Wood Products and BMD. The company also paid $220 million in dividends and repurchased $165 million in shares year-to-date.
General Line Sales Growth
General line product sales increased by 4%, reflecting ongoing growth strategies and investments in product offerings.
Positive Long-term Housing Outlook
The company remains optimistic about medium- and long-term housing fundamentals, expecting modest growth in home improvement spending in 2025.
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BCC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $134.07 | $138.29 | +3.15% |
| Aug 05, 2024 | $119.28 | $124.49 | +4.37% |
| May 06, 2024 | $133.63 | $125.29 | -6.24% |
| Feb 20, 2024 | $130.07 | $119.76 | -7.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Boise Cascade (BCC) report earnings?
Boise Cascade (BCC) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Boise Cascade (BCC) earnings time?
Boise Cascade (BCC) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BCC EPS forecast?
BCC EPS forecast for the fiscal quarter 2024 (Q4) is $1.78.
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