The 2020 Mid-Year Economic Update_long

Boise Cascade Sales Up 13% in 2Q

Year-to-date sales up 8.2 percent year-over-year.

Boise Cascade Company (NYSE: BCC), Boise, ID, reported sales for the second quarter of $961.2 million, an increase of 13 percent year-over-year. Profit increased to $26.4 million from $10.4 million in the second quarter of 2013.

“Second quarter demand for the products we manufacture and distribute was markedly better than in first quarter, as weather improved across the country and housing and repair and remodel activity regained momentum," said CEO Tom Carlile. "While plywood prices declined compared to last year's second quarter, pricing remains favorable and we saw improved pricing sequentially on essentially all of our manufactured products.”

Building materials distribution segment sales were $758.4 million, up 11 percent year-over-year. Wood products segment sales were $351 million, up 25 percent.

Year-to-date sales were $1.7 billion, an increase of 8.2 percent over the prior-year period. Profit was $32 million, compared to a year-ago profit of $91.2 million.

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