Every material Form 8-K Boise Cascade filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Boise Cascade said CEO Nate Jorgensen will retire effective March 2, 2026, and remain on the board. The board elected Chief Operating Officer Jeff Strom, age 58, as CEO effective March 3, 2026, with a base salary of $975,000 and a 120% short-term incentive target. The filing describes the change as planned succession, though it reports no financial results.
Nate Jorgensen retires as CEO effective March 2, 2026, and continues as a director
Jeff Strom, COO since January 2025, becomes CEO effective March 3, 2026
Strom's base salary is $975,000 with a 120% annual short-term incentive target
The company does not plan to backfill the chief operating officer role
Boise Cascade reported third quarter 2025 net income of $21.8 million, or $0.58 per diluted share, down from $91.0 million, or $2.33 per share, a year earlier. Sales were $1.67 billion, down 3%, as lower engineered wood product and plywood prices and volumes hit the Wood Products segment, which posted a loss. Shareholders also got a new $300.0 million buyback authorization and a $0.22 quarterly dividend.
Net income was $21.8 million, or $0.58 per diluted share, versus $91.0 million, or $2.33 per share, in Q3 2024.
Sales were $1,667.8 million, down 3% from $1,713.7 million, with Wood Products sales down 13%.
Wood Products posted a segment loss of $12.1 million, compared with segment income of $53.9 million a year earlier.
On October 30, 2025, the board authorized repurchases of up to $300.0 million of common stock and declared a $0.22 quarterly dividend payable December 17, 2025.
Boise Cascade reported second quarter 2025 net income of $62.0 million, or $1.64 per diluted share, down from $112.3 million, or $2.84 per share, a year earlier. Sales fell 3% to $1.74 billion, and adjusted EBITDA fell 34% to $119.0 million. Lower engineered wood and plywood prices and downtime for the Oakdale, Louisiana mill modernization weighed on the Wood Products segment, which lost most of its income.
Net income $62.0 million ($1.64 per diluted share) vs. $112.3 million ($2.84) in Q2 2024
Sales $1.74 billion, down 3% from $1.80 billion; Wood Products segment income fell 81% to $14.0 million
Board declared a quarterly dividend of $0.22 per share on July 31, 2025, payable September 17, 2025
Boise Cascade reported first quarter 2025 net income of $40.3 million, or $1.06 per diluted share, on sales of $1.5 billion, compared with $104.1 million, or $2.61 per share, on sales of $1.6 billion a year earlier. Lower sales prices and volumes in its wood products and distribution segments drove the decline, and the company said it expects modest engineered wood product price erosion in the second quarter. Shareholders also re-elected eleven directors and approved the 2025 Omnibus Incentive Plan at the May 1 annual meeting.
Net income $40.3 million ($1.06 per diluted share) vs. $104.1 million ($2.61) in first quarter 2024
Sales $1.5 billion, down 7%; Adjusted EBITDA $91.6 million, down 46%
Wood Products segment income $17.7 million, down 75%; Building Materials Distribution segment income $48.4 million, down 33%
Shareholders elected eleven directors and approved the 2025 Omnibus Incentive Plan at the May 1, 2025 meeting
Boise Cascade entered a new Credit Agreement with JPMorgan Chase Bank on April 14, 2025, providing a $450.0 million revolving loan maturing April 14, 2030. The company terminated its prior $400.0 million revolver and $50.0 million term loan, using Revolver proceeds to repay the term loan. The new facility is secured by substantially all company assets, other than real property and certain excluded property, which may be released if the company achieves and maintains investment grade ratings from at least two agencies.
New $450.0 million revolving loan with JPMorgan Chase Bank, N.A. as administrative agent, maturing April 14, 2030
$50.0 million was borrowed at closing; approximately $4,300,000 of letters of credit outstanding reduce availability
Prior Credit Agreement with Wells Fargo Capital Finance, LLC terminated; the company reports no termination penalties
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.
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.
Boise Cascade said its board appointed Joanna Barney, currently senior vice president of Western Operations, as executive vice president of its Building Materials Distribution division, effective February 17, 2025. The company also declared a quarterly dividend of $0.21 per share, payable March 19, 2025, to holders of record on February 24, 2025, which is relevant to shareholders' income.
Joanna Barney, age 51, appointed executive vice president of Building Materials Distribution, effective February 17, 2025
Annual base salary of $540,000 and annual short-term incentive target of 80% of base salary
Quarterly dividend of $0.21 per share, payable March 19, 2025, to stockholders of record on February 24, 2025
Division oversees the company's more than 40 distribution facilities across the U.S.
Boise Cascade's board appointed Executive Vice President Jeff Strom as chief operating officer, effective January 20, 2025, overseeing its Wood Products and Building Materials Distribution divisions. The filing sets his base salary at $650,000 with a short-term incentive target of 100% of base salary, and CEO Nate Jorgensen described the move as part of succession planning.
Jeff Strom appointed COO by the board on January 13, 2025, effective January 20, 2025
Base salary of $650,000 and short-term incentive target of 100% of base salary
Strom previously served as Executive Vice President of Building Materials Distribution since March 2021
Role oversees Wood Products and Building Materials Distribution divisions
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.
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