Boise Cascade Q3 2024 net income falls 36% to $91.0 million on lower prices
Boise Cascade reported third quarter 2024 net income of $91.0 million, or $2.33 per diluted share, on sales of $1.7 billion, compared with $143.1 million, or $3.58 per share, on $1.8 billion a year earlier. The company said lower plywood and engineered wood prices and higher conversion costs reduced Wood Products segment income, and that Building Materials Distribution segment income also declined. For shareholders, the filing also shows a $0.21 quarterly dividend and an authorization to repurchase 1.4 million more shares.
Key points
- Net income of $91.0 million ($2.33 diluted per share) versus $143.1 million ($3.58) in third quarter 2023
- Sales of $1.7 billion, down 7%; Wood Products segment income fell 46% to $53.9 million
- Board declared a $0.21 per share quarterly dividend payable December 18, 2024, and authorized 1.4 million additional shares for repurchase on October 30, 2024
- Expected capital expenditures of $220 million to $240 million in 2024 and $200 million to $220 million in 2025
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.