Boise Cascade 2024 net income falls 22% to $376.4 million; Q4 profit down 29%
Boise Cascade reported fourth-quarter and full-year 2024 results on February 20, 2025, with net income and sales both lower than in 2023. Lower EWP and plywood prices drove a sharp drop in Wood Products segment income, while Building Materials Distribution income was roughly flat in the quarter. Shareholders face a weaker earnings base, though the company reported $1,109.0 million of total available liquidity at year end and projected 2025 capital expenditures of $220 million to $240 million.
Key points
- Q4 2024 net income was $68.9 million, or $1.78 per diluted share, down from $97.5 million, or $2.44, in Q4 2023; sales were $1.6 billion, down 5%.
- Full-year 2024 net income was $376.4 million, or $9.57 per diluted share, down 22% from $483.7 million in 2023; sales were $6.7 billion, down 2%.
- Wood Products segment income fell to $33.6 million in Q4 2024 from $64.1 million, due primarily to lower EWP and plywood sales prices.
- The board declared a quarterly dividend of $0.21 per share payable March 19, 2025; about 250,000 shares were repurchased in January 2025 for about $30 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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 February 20, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.