$BCC

BOISE CASCADE Co

CIK:0001328581|SEC Filings

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Sales
Sales	$ 1,831,335	$ 1,740,114	$ 3,329,949	$ 3,276,608
Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	1,503,462	1,441,459	2,758,532	2,717,642
Depreciation and amortization	42,714	37,409	81,767	74,530
Selling and distribution expenses	173,787	161,815	324,231	305,463
General and administrative expenses	27,266	26,470	53,566	51,467
Other (income) expense, net	130	(7,569)	92	(7,543)
Total costs and expenses	1,747,359	1,659,584	3,218,188	3,141,559
Income from operations	83,976	80,530	111,761	135,049
Foreign currency exchange gain (loss)	(420)	1,093	(661)	1,093
Pension expense (excluding service costs)	(30)	(32)	(60)	(65)
Interest expense	(7,106)	(5,183)	(13,125)	(10,495)
Interest income	2,152	4,623	5,089	10,133
Change in fair value of interest rate swaps	0	(435)	0	(925)
Total nonoperating income (expense)	(5,404)	66	(8,757)	(259)
Income before income taxes	78,572	80,596	103,004	134,790
Income tax provision	(21,230)	(18,611)	(27,820)	(32,457)
Net income	$ 57,342	$ 61,985	$ 75,184	$ 102,333
Weighted average common shares outstanding:
Basic (in shares)	35,212	37,682	35,559	37,848
Diluted (in shares)	35,227	37,795	35,616	37,999
Net income per common share:
Basic (in dollars per share)	$ 1.63	$ 1.64	$ 2.11	$ 2.70
Diluted (in dollars per share)	1.63	1.64	2.11	2.69
Dividends declared per common share (in dollars per share)	$ 0.22	$ 0.21	$ 0.44	$ 0.42

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash provided by (used for) operations
Net income	$ 75,184	$ 102,333
Items in net income not using (providing) cash
Depreciation and amortization, including deferred financing costs and other	83,543	76,341
Stock-based compensation	6,841	7,010
Deferred income taxes	397	2,778
Change in fair value of interest rate swaps	0	925
Other	(50)	(11,116)
Decrease (increase) in working capital, net of acquisitions
Receivables	(190,298)	(133,103)
Inventories	(131,560)	(115,661)
Prepaid expenses and other	(4,862)	(7,750)
Accounts payable and accrued liabilities	184,299	86,242
Income taxes payable	9,004	(2,677)
Other	(6,157)	(628)
Net cash provided by operations	26,341	4,694
Cash provided by (used for) investment
Expenditures for property and equipment	(63,315)	(132,257)
Acquisitions of businesses and facilities	(135)	0
Proceeds from sales of assets and other	454	10,152
Net cash used for investment	(62,996)	(122,105)
Cash provided by (used for) financing
Borrowings of long-term debt, including revolving credit facility	0	50,000
Payments of long-term debt, including revolving credit facility	0	(50,000)
Repurchase of common stock	(109,984)	(87,746)
Dividends paid on common stock	(18,078)	(18,383)
Tax withholding payments on stock-based awards	(6,244)	(5,939)
Payments of deferred financing costs	0	(1,819)
Other	(1,436)	(943)
Net cash used for financing	(135,742)	(114,830)
Net decrease in cash and cash equivalents	(172,397)	(232,241)
Balance at beginning of the period	477,215	713,260
Balance at end of the period	$ 304,818	$ 481,019

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current
Cash and cash equivalents	$ 304,818	$ 477,215
Receivables
Other	23,663	24,698
Inventories	927,284	795,724
Prepaid expenses and other	37,138	40,751
Total current assets	1,800,298	1,654,418
Property and equipment, net	1,142,641	1,157,261
Operating lease right-of-use assets	50,491	55,980
Finance lease right-of-use assets	40,953	11,825
Timber deposits	9,754	8,058
Goodwill	185,239	185,384
Intangible assets, net	149,296	159,665
Deferred income taxes	2,757	3,041
Other assets	6,843	6,311
Total assets	3,388,272	3,241,943
Accrued liabilities
Compensation and benefits	112,090	103,066
Interest payable	10,161	10,176
Other	118,129	124,297
Total current liabilities	664,320	493,076
Debt
Long-term debt, net	448,408	445,405
Other
Compensation and benefits	35,986	39,354
Operating lease liabilities, net of current portion	43,934	49,778
Finance lease liabilities, net of current portion	44,297	15,631
Deferred income taxes	105,769	105,551
Other long-term liabilities	19,893	18,270
Total other liabilities	249,879	228,584
Commitments and contingent liabilities
Stockholders' equity
Preferred stock, $0.01 par value per share; 50,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.01 par value per share; 300,000 shares authorized, 34,929 and 36,190 shares issued, respectively	349	362
Additional paid-in capital	571,816	571,220
Accumulated other comprehensive loss	(462)	(476)
Retained earnings	1,453,962	1,503,772
Total stockholders' equity	2,025,665	2,074,878
Total liabilities and stockholders' equity	3,388,272	3,241,943
Nonrelated Party
Receivables
Receivables	507,063	315,944
Accounts payable
Accounts payable	421,159	254,622
Related Party
Receivables
Receivables	332	86
Accounts payable
Accounts payable	$ 2,781	$ 915