AI Earnings Predictions for Boise Cascade L.L.C. (BCC)

EX-99.1

2 bccexhibit9919302026.htm

EARNINGS RELEASE

Document

Boise Cascade CompanyExhibit 99.1

1111 West Jefferson Street, Suite 300

Boise, ID 83702

Press Release

For Immediate Release: November 2, 2026

Investor Contact

Chris Forrey

investor@bc.com

Media Contact

Amy Evans

mediarelations@bc.com

Boise Cascade reports third quarter 2026 results

BOISE, IDAHO - November 2, 2026 - Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE: BCC) today reported net income of $36.4 million, or $1.04 per share, on sales of $1.8 billion for the third quarter ended September 30, 2026, compared with net income of $21.8 million, or $0.58 per share, on sales of $1.7 billion for the third quarter ended September 30, 2025.

“In the third quarter of 2026, we delivered strong financial results despite softer housing starts, demonstrating the resilience of our integrated distribution and wood products platform,” said Jeff Strom, CEO. “Our nationwide reach, local expertise, and disciplined execution enabled us to begin navigating our supplier transitions while sustaining the reliable service and consistent value our customers count on. I’m grateful to our associates, whose commitment to innovation and customer success continues to drive our company forward. As we close out 2026 and look ahead to 2027, we remain focused on integrating new specialty product lines, driving efficiencies, and supporting our customers and suppliers with the in-stock availability and next-day delivery capabilities they value in a more cautious demand environment.”

Third Quarter 2026 Highlights

3Q 20263Q 2025% change

(in thousands, except per-share data and percentages)

Consolidated Results

Sales$1,802,174 $1,667,806 8 %

Net income36,390 21,769 67 %

Net income per common share - diluted1.04 0.58 79 %

Adjusted EBITDA 1 98,489 74,381 32 %

Segment Results

Building Materials Distribution sales$1,669,465 $1,556,150 7 %

Building Materials Distribution income51,280 54,286 (6)%

Building Materials Distribution EBITDA 1 66,902 69,831 (4)%

Wood Products sales461,236 396,401 16 %

Wood Products income (loss)16,079 (12,055)N/M

Wood Products EBITDA 1 42,690 14,506 194 %

1 For reconciliations of non-GAAP measures, see summary notes at the end of this press release.

In third quarter 2026, total U.S. housing starts and single-family housing starts decreased 4% and 2%, respectively, compared to the same period in 2025. On a year-to-date basis through September 2026, total U.S. housing starts and single-family housing starts decreased 1% and 4%, respectively, compared to the same period in 2025. Single-family housing starts are the key demand driver for our sales.

Building Materials Distribution (BMD)

BMD's sales increased $113.3 million, or 7%, to $1,669.5 million for the three months ended September 30, 2026, from $1,556.2 million for the three months ended September 30, 2025. The overall increase in sales was driven by net sales price and net sales volume increases of 5% and 2%, respectively. By product line, general line product sales increased 4%, commodity sales increased 15%, and EWP sales (substantially all of which are sourced through our Wood Products segment) increased 1%. BMD segment income decreased $3.0 million to $51.3 million for the three months ended September 30, 2026, from $54.3 million for the three months ended September 30, 2025. The decrease in segment income was driven by increased selling and distribution expenses of $6.9 million, offset partially by a gross margin increase of $3.6 million. The increase in gross margin was driven by higher gross margins on commodity products, offset partially by lower gross margins on general line products.

Wood Products

Wood Products' sales, including sales to BMD, increased $64.8 million, or 16%, to $461.2 million for the three months ended September 30, 2026, from $396.4 million for the three months ended September 30, 2025. The increase in sales was primarily driven by higher plywood sales prices and EWP sales volumes. These increases were offset partially by lower plywood sales volumes. For the three months ended September 30, 2026, Wood Products' segment income was $16.1 million compared to segment loss of $12.1 million for the three months ended September 30, 2025. The increase in segment income was primarily due to higher plywood sales prices and EWP sales volumes, offset partially by higher per-unit conversion costs.

Comparative average net selling prices and sales volume changes for EWP and plywood are as follows:

3Q 2026 vs. 3Q 20253Q 2026 vs. 2Q 2026YTD 2026 vs. 2025

Average Net Selling Prices

LVL—%—%(4)%

I-joists—%—%(5)%

Plywood31%8%15%

Sales Volumes

LVL18%2%4%

I-joists10%(4)%1%

Plywood(7)%(2)%—%

Balance Sheet and Liquidity

Boise Cascade ended third quarter 2026 with $385.1 million of cash and cash equivalents and $395.1 million of undrawn committed bank line availability, for total available liquidity of $780.3 million. The Company had

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