Latest news with #BoiseCascade
Yahoo
2 days ago
- Business
- Yahoo
Boise Cascade Names Rob Johnson Senior Vice President of Manufacturing for Wood Products
BOISE, Idaho, June 13, 2025--(BUSINESS WIRE)--Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced today that Rob Johnson is stepping into a new role as Senior Vice President of Manufacturing for their Wood Products division, effective June 16, 2025. This move will backfill the role previously filled by Chris Seymour, who left the organization earlier in June. In this role, Rob will oversee the operations for the company's 18+ manufacturing facilities across the U.S. He will continue to report to Troy Little, Executive Vice President of Wood Products. Rob joined Boise Cascade in 2014 as a Business Optimization Engineer in Wood Products and has held a series of progressive leadership roles since then, including the Eastern Region Manager. Most recently, he was the Senior Vice President of Sales and Marketing for Engineered Wood Products. Prior to joining Boise Cascade, Rob accumulated more than 20 years of broad industry experience in manufacturing and distribution. Rob holds a bachelor's degree in finance from the University of Oregon. He also served in the U.S. Marine Corps. "Rob's extensive experience in manufacturing operations, strong leadership, and commitment to our Company's Values make him the right person to lead our manufacturing team," said Troy Little, Executive Vice President of Wood Products. "I am excited to see the positive influence Rob brings to our Wood Products division in his new role." About Boise Cascade Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, visit the company's website at Forward-Looking Statements This press release contains statements that are "forward looking" within the Private Securities Litigation Reform Act of 1995. These statements speak only as of the date of this press release. While they are based on the current expectations and beliefs of management, they are subject to a number of uncertainties and assumptions that could cause actual events to differ from the expectations expressed in this release. Factors that could cause actual events to differ materially from forward-looking statements are discussed in greater detail in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. We undertake no obligation to revise them in light of new information. Finally, we undertake no obligation to review or confirm analyst expectations or estimates that might be derived from this release. View source version on Contacts Investor relations contact Chris Forreyinvestor@ Media relations contact Amy Evansmediarelations@
Business Wire
2 days ago
- Business
- Business Wire
Boise Cascade Names Rob Johnson Senior Vice President of Manufacturing for Wood Products
BOISE, Idaho--(BUSINESS WIRE)--Boise Cascade Company (Boise Cascade) (NYSE: BCC) announced today that Rob Johnson is stepping into a new role as Senior Vice President of Manufacturing for their Wood Products division, effective June 16, 2025. This move will backfill the role previously filled by Chris Seymour, who left the organization earlier in June. In this role, Rob will oversee the operations for the company's 18+ manufacturing facilities across the U.S. He will continue to report to Troy Little, Executive Vice President of Wood Products. Rob joined Boise Cascade in 2014 as a Business Optimization Engineer in Wood Products and has held a series of progressive leadership roles since then, including the Eastern Region Manager. Most recently, he was the Senior Vice President of Sales and Marketing for Engineered Wood Products. Prior to joining Boise Cascade, Rob accumulated more than 20 years of broad industry experience in manufacturing and distribution. Rob holds a bachelor's degree in finance from the University of Oregon. He also served in the U.S. Marine Corps. 'Rob's extensive experience in manufacturing operations, strong leadership, and commitment to our Company's Values make him the right person to lead our manufacturing team,' said Troy Little, Executive Vice President of Wood Products. 'I am excited to see the positive influence Rob brings to our Wood Products division in his new role.' About Boise Cascade Boise Cascade is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products. For more information, visit the company's website at Forward-Looking Statements This press release contains statements that are 'forward looking' within the Private Securities Litigation Reform Act of 1995. These statements speak only as of the date of this press release. While they are based on the current expectations and beliefs of management, they are subject to a number of uncertainties and assumptions that could cause actual events to differ from the expectations expressed in this release. Factors that could cause actual events to differ materially from forward-looking statements are discussed in greater detail in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. We undertake no obligation to revise them in light of new information. Finally, we undertake no obligation to review or confirm analyst expectations or estimates that might be derived from this release.
Yahoo
16-05-2025
- Business
- Yahoo
Bear of the Day: Boise Cascade (BCC)
Boise Cascade BCC is one of the top North American producers of engineered wood products and plywood. BCC stock has tanked over 20% in 2025, driven by macroeconomic challenges, industry-specific headwinds, and operational pressures. The engineered wood products powerhouse missed our Q1 2025 earnings estimate by 22% on May 5. It also offered disappointing guidance as part of Boise Cascade's extended trend of downward EPS revisions. Boise Cascade is a leading producer of engineered wood products (EWP) and plywood. The company is also a huge player in the wholesale distribution of building products in the U.S. BCC posted an impressive stretch of top-line expansion between 2012 and 2022, highlighted by 18% growth in 2020 and 45% in 2021, driven by the Covid-driven housing and home improvement boom. Boise Cascade followed that up with another 6% sales growth in 2022, before tumbling against a tough to compete against stretch and a slowing housing market. Image Source: Zacks Investment Research The company's sales fell 19% in 2023 and 2% in 2024, while its earnings tanked roughly 40% and 20%, respectively. Most recently, Boise Cascade adjusted earnings dropped 59% YoY in the first quarter to $1.06 a share, missing our estimate by 22%. CEO Nate Jorgensen pointed to 'constrained demand, difficult weather, and planned downtime at our Oakdale veneer and plywood mill' as part of its rough quarter and downbeat outlook. Boise Cascade's consensus 2025 earnings estimate has dropped 18% since its Q1 report. Its 2026 estimate has slipped 13% since then, and its overall negative earnings revisions earn it a Zacks Rank #5 (Strong Sell). The company's earnings are projected to fall another 31% YoY in 2025 on 2% lower sales. Boise Cascade is prepared to benefit from long-term demographic trends and the ongoing undersupply of single-family homes that have kept housing demand high. The company also pays dividends and has a sturdy balance sheet. Investors might want to put Boise Cascade on their watchlists since it could be a longer-term winner. Unfortunately, BCC faces near-term headwinds driven by weak housing market demand, economic uncertainty, and more. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Boise Cascade, L.L.C. (BCC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-05-2025
- Business
- Yahoo
Boise Cascade (NYSE:BCC) Surprises With Q1 Sales
Building products company Boise Cascade Company (NYSE:BCC) reported Q1 CY2025 results exceeding the market's revenue expectations , but sales fell by 6.6% year on year to $1.54 billion. Its GAAP profit of $1.06 per share was 19.7% below analysts' consensus estimates. Is now the time to buy Boise Cascade? Find out in our full research report. Revenue: $1.54 billion vs analyst estimates of $1.51 billion (6.6% year-on-year decline, 1.6% beat) EPS (GAAP): $1.06 vs analyst expectations of $1.32 (19.7% miss) Adjusted EBITDA: $91.61 million vs analyst estimates of $102.1 million (6% margin, 10.3% miss) Operating Margin: 3.5%, down from 8.1% in the same quarter last year Free Cash Flow was -$81.68 million compared to -$6.87 million in the same quarter last year Market Capitalization: $3.66 billion Formed through the merger of two lumber companies, Boise Cascade Company (NYSE:BCC) manufactures and distributes wood products and other building materials. A company's long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Regrettably, Boise Cascade's sales grew at a mediocre 6.8% compounded annual growth rate over the last five years. This fell short of our benchmark for the industrials sector and is a tough starting point for our analysis. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Boise Cascade's performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 6.7% annually. We can dig further into the company's revenue dynamics by analyzing its most important segments, Building Material Distribution and Wood products, which are 91.6% and 27.1% of revenue. Over the last two years, Boise Cascade's Building Material Distribution revenue (plywood, siding, insulation) averaged 5.1% year-on-year declines while its Wood products revenue (lumber and beams) averaged 4.9% declines. This quarter, Boise Cascade's revenue fell by 6.6% year on year to $1.54 billion but beat Wall Street's estimates by 1.6%. Looking ahead, sell-side analysts expect revenue to grow 2.9% over the next 12 months. Although this projection implies its newer products and services will fuel better top-line performance, it is still below the sector average. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Boise Cascade has managed its cost base well over the last five years. It demonstrated solid profitability for an industrials business, producing an average operating margin of 10.1%. This result was particularly impressive because of its low gross margin, which is mostly a factor of what it sells and takes huge shifts to move meaningfully. Companies have more control over their operating margins, and it's a show of well-managed operations if they're high when gross margins are low. Analyzing the trend in its profitability, Boise Cascade's operating margin decreased by 2.2 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. In Q1, Boise Cascade generated an operating profit margin of 3.5%, down 4.5 percentage points year on year. Since Boise Cascade's operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Boise Cascade's EPS grew at an astounding 30.9% compounded annual growth rate over the last five years, higher than its 6.8% annualized revenue growth. However, this alone doesn't tell us much about its business quality because its operating margin didn't expand. We can take a deeper look into Boise Cascade's earnings to better understand the drivers of its performance. A five-year view shows that Boise Cascade has repurchased its stock, shrinking its share count by 3%. This tells us its EPS outperformed its revenue not because of increased operational efficiency but financial engineering, as buybacks boost per share earnings. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Boise Cascade, its two-year annual EPS declines of 30.1% mark a reversal from its (seemingly) healthy five-year trend. We hope Boise Cascade can return to earnings growth in the future. In Q1, Boise Cascade reported EPS at $1.06, down from $2.61 in the same quarter last year. This print missed analysts' estimates, but we care more about long-term EPS growth than short-term movements. Over the next 12 months, Wall Street expects Boise Cascade's full-year EPS of $8.00 to grow 6%. It was encouraging to see Boise Cascade beat analysts' revenue expectations this quarter. On the other hand, its EPS and EBITDA fell short of Wall Street's estimates. Overall, this was a softer quarter. The stock remained flat at $92 immediately following the results. Boise Cascade underperformed this quarter, but does that create an opportunity to invest right now? We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Yahoo
05-05-2025
- Business
- Yahoo
Boise Cascade (NYSE:BCC) Will Pay A Dividend Of $0.21
The board of Boise Cascade Company (NYSE:BCC) has announced that it will pay a dividend of $0.21 per share on the 18th of June. This makes the dividend yield 6.1%, which will augment investor returns quite nicely. Our free stock report includes 3 warning signs investors should be aware of before investing in Boise Cascade. Read for free now. If the payments aren't sustainable, a high yield for a few years won't matter that much. Based on the last payment, Boise Cascade was paying only paying out a fraction of earnings, but the payment was a massive 106% of cash flows. A cash payout ratio this high could put the dividend under pressure and force the company to reduce it in the future if it were to run into tough times. Looking forward, earnings per share is forecast to rise by 3.5% over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 68%, which is in the range that makes us comfortable with the sustainability of the dividend. See our latest analysis for Boise Cascade Boise Cascade has been paying dividends for a while, but the track record isn't stellar. This suggests that the dividend might not be the most reliable. The annual payment during the last 7 years was $0.28 in 2018, and the most recent fiscal year payment was $5.84. This means that it has been growing its distributions at 54% per annum over that time. Dividends have grown rapidly over this time, but with cuts in the past we are not certain that this stock will be a reliable source of income in the future. With a relatively unstable dividend, it's even more important to see if earnings per share is growing. Boise Cascade has impressed us by growing EPS at 37% per year over the past five years. Rapid earnings growth and a low payout ratio suggest this company has been effectively reinvesting in its business. Should that continue, this company could have a bright future. Overall, we don't think this company makes a great dividend stock, even though the dividend wasn't cut this year. While the low payout ratio is a redeeming feature, this is offset by the minimal cash to cover the payments. We would probably look elsewhere for an income investment. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. To that end, Boise Cascade has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
