Boise Cascade
Distributes building materials nationwide while manufacturing engineered wood products, plywood, and lumber.
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Profile
Distributes commodity, general-line, and engineered wood building products through a nationwide U.S. network while manufacturing engineered wood, plywood, and lumber. Its larger distribution arm is the main internal customer for Wood Products and sources the rest of its broad catalog from third-party suppliers.
Operates through Building Materials Distribution and Wood Products, serving dealers, home-improvement centers, wholesalers, specialty distributors, and industrial converters across the United States. The distribution arm sells commodity lumber and panels, engineered wood products, and general-line materials such as siding, decking, doors, millwork, roofing, insulation, and metal products.
Manufactures laminated veneer lumber, I-joists, laminated beams, plywood panels, and ponderosa pine lumber at U.S. facilities and one Canadian plant. Combining nationwide wholesale reach with internal manufacturing gives these products a large route to market, while third-party sourcing broadens the catalog. Demand is tied mainly to new U.S. housing, with repair and remodeling, multifamily, light commercial construction, and industrial uses adding exposure; results also depend on commodity pricing, wood fiber, transportation, and supplier availability.
Company facts
Categories
Key statistics
Year to date +6.2% · Average volume (30d) 317.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 6, 2026 | Truist Financial | Target | $103 | $97 | ||
| May 6, 2026 | DA Davidson | Reiterate | Buy | $95 | $92 | |
| Feb 25, 2026 | Truist Financial | Target | $92 | $103 | ||
| Jan 6, 2026 | Truist Financial | Target | $96 | $92 | ||
| Nov 5, 2025 | BMO Capital | Upgrade | Market Perform | Outperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $1.23 | $1.63 | +32.5% | $1.77B | $1.83B | +3.4% | +4.17% |
| May 4, 2026Q1 FY26 | $0.43 | $0.50 | +16.3% | $1.46B | $1.50B | +2.6% | −2.96% |
| Feb 23, 2026Q4 FY25 | $0.16 | $0.40 | +150.0% | $1.45B | $1.46B | +0.6% | +7.60% |
| Nov 3, 2025Q3 FY25 | $0.58 | $0.58 | 0.0% | $1.45B | $1.67B | +15.0% | +3.03% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.54B | $1.74B | $1.67B | $1.46B | $1.50B | $1.83B | |
| Gross profit | $260.3M | $298.7M | $221.1M | $190.1M | $243.5M | $327.9M | |
| Operating income | $54.5M | $80.5M | $30.3M | $21.9M | $27.8M | $84.0M | |
| Net income | $40.3M | $62.0M | $21.8M | $8.7M | $17.8M | $57.3M | |
| Diluted EPS | $1.06 | $1.64 | $0.58 | $0.24 | $0.50 | $1.63 | |
| Gross margin | 16.9% | 17.2% | 13.3% | 13.0% | 16.3% | 17.9% | |
| Operating margin | 3.5% | 4.6% | 1.8% | 1.5% | 1.9% | 4.6% |
Fiscal years (4-quarter sums)FY21 $7.93B · FY22 $8.39B · FY23 $6.84B · FY24 $6.72B · FY25 $6.40B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $304.8M · Total debt $536.6M · Total assets $3.39B · Shareholders' equity $2.03B
Dividends
Raised for 3 straight years — most recently to $0.22 from $0.21 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 17 | $0.22 | |
| Feb 23, 2026 | Feb 23 | Mar 18 | $0.22 | |
| Dec 1, 2025 | Dec 1 | Dec 17 | $0.22 | |
| Sep 2, 2025 | Sep 2 | Sep 17 | $0.22 | raised from $0.21 |
| Jun 2, 2025 | Jun 2 | Jun 18 | $0.21 | |
| Feb 24, 2025 | Feb 24 | Mar 19 | $0.21 | |
| Dec 2, 2024 | Dec 2 | Dec 18 | $0.21 | raised from $0.20 |
| Sep 3, 2024 | Sep 3 | Sep 16 | $5.21 | special dividend |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 35.19M · Float 34.44M · 97.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.97M | 16.98% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 2.28M | 6.48% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 2.20M | 6.26% | 13F | Aug 13, 2026 |
| Wellington Management Group LLP | 1.82M | 5.19% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 1.59M | 4.52% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Jill Twedt | officer: SVP General Counsel & Corp Sec | −1,250 | $79.40 |
| Aug 5, 2026 | Kristopher J. Matula | director | −1,930 | $84.58 |
| May 13, 2026 | Jill Twedt | officer: SVP General Counsel & Corp Sec | −6,070 | $66.45 |
Peers
- Weyerhaeuser
Broadest public overlap in EWP, lumber, OSB, and distribution
- BlueLinx
Direct two-step wholesale distributor across structural and specialty products
- Builders FirstSource
National builder-supply overlap in structural packages and components
- UFP Industries
Value-added wood overlap across components, lumber, and retail channels
- Louisiana-Pacific
OSB and engineered siding pressure against plywood and general line
- West Fraser Timber
Large North American lumber, OSB, LVL, and plywood manufacturer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Boise Cascade | $78.75 | 0.00% | $2.77B | 26.7 | 17.9 | 0.4 | +5.2% |
| Weyerhaeuser | $23.70 | +0.23% | $17.05B | 35.8 | 56.4 | 2.5 | −0.9% |
| BlueLinx | $79.42 | +0.05% | $618.1M | — | 42.3 | 0.2 | +4.4% |
| Builders FirstSource | $67.72 | +0.06% | $7.29B | 74.4 | 18.5 | 0.5 | −8.8% |
| UFP Industries | $86.01 | +0.03% | $4.86B | 19.8 | 16.9 | 0.8 | +2.6% |
| Louisiana-Pacific | $71.26 | +0.03% | $4.98B | 90.2 | 40.3 | 2.0 | −12.1% |
| West Fraser Timber | $67.67 | −0.25% | $5.14B | — | 3,768.9 | 0.9 | −7.9% |
| Median | 55.1 | 41.3 | 0.9 | −4.4% |