Overview

* Boise Cascade ( BCC ) Q2 revenue declines 3% yr/yr, missing analyst expectations, per LSEG data

* Net income in the qtr falls 45% to $62 mln

* Company completes Oakdale mill modernization, enhancing operational efficiency

Outlook

* Boise Cascade ( BCC ) sees near-term demand influenced by mortgage rates and consumer sentiment

* Company expects long-term demand supported by housing undersupply and aging stock

* Boise Cascade ( BCC ) anticipates dynamic pricing for commodity products due to economic factors

Result Drivers

* MILL OUTAGE COSTS - Expected costs related to Oakdale plywood mill outage impacted earnings

* LOWER SALES PRICES - Decrease in sales driven by lower prices for LVL and I-joists

* MUTED HOUSING DEMAND - Underlying demand for new residential construction remained muted, affecting sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $1.74 $1.75

bln bln (7

Analysts

)

Q2 EPS $1.64

Q2 Net $61.98

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

* Wall Street's median 12-month price target for Boise Cascade Co ( BCC ) is $106.50, about 21.7% above its August 1 closing price of $83.35

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)