Boise Cascade (BCC) Reports In-Line Q2 EPS, Revenues Beat

Boise Cascade (NYSE: BCC) reported Q2 EPS of $1.06, in-line with the analyst estimate of $1.06. Revenue for the quarter came in at $1.41 million versus the consensus estimate of $1.31 billion.

"Both of our businesses delivered outstanding results in the second quarter. Wood Products made very good progress on engineered wood products pricing and took advantage of exceptionally strong plywood markets. BMD executed well and captured market opportunities at both the local and national level," commented Tom Corrick, CEO. "I am very pleased that we further strengthened our nationwide distribution capabilities with the acquisitions in Nashville, Tennessee, and Medford, Oregon. Similar acquisitions remain a priority. As reflected by these acquisitions and our board's decision to declare an additional dividend of $1.00 per share this quarter, we continue to have a strong focus on deploying capital to create shareholder value."

For earnings history and earnings-related data on Boise Cascade (BCC) click here.

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