Boise Cascade Q4 Sales $1.46B, EPS $0.24 vs $0.12, CEO to Retire
Boise Cascade’s Q4 sales dropped 6.8% year-on-year to $1.46 billion, marginally above forecasts, while GAAP EPS of $0.24 more than doubled the $0.12 consensus. Operating margin slid to 1.1% from 5.9%, and CEO Nate Jorgensen announced retirement with Jeff named successor.
1. Q4 Sales and Earnings
Boise Cascade posted Q4 net income of $8.7 million, or $0.24 per share, on revenue of $1.46 billion. Sales fell 6.8% year-on-year but exceeded forecasts by 0.6%, and EPS included a $0.16 after-tax accrual for legal proceedings; adjusted EBITDA reached $57.2 million.
2. Profitability and Segment Performance
Operating margin narrowed to 1.1% from 5.9% a year earlier, while free cash flow margin improved to 5.3% from 0%. Building Materials Distribution sales declined 5% and Wood Products sales fell 16%, reflecting ongoing market headwinds and cost pressures.
3. Leadership Transition
CEO Nate Jorgensen confirmed his upcoming retirement and the board has named Jeff as his successor. The leadership change aims to maintain strategic continuity and position the company for growth as housing starts recover.