Market DemandWith housing demand off to a slow start, uncertainty around the extent of demand uptick during the busy spring/summer season, and price pressure in EWP, the case to buy the stock today isn't obvious.
Pricing And MarginsThere are some risks on the pricing and margin front in Wood Products, particularly if the recently slower activity persists into 2025.
Sales And MarginsSales per day in Building Materials Distribution are currently down 8% versus 4Q levels, with BMD EBITDA margins expected to be below 5% for 1Q.