Boise Cascade Files Q3 2024 10-Q Report

TL;DR

**BCC Q3 24 10-Q FILED. FINANCIALS OUT.**

AI Summary

Boise Cascade Co. reported its third-quarter results for the period ending September 30, 2024. The company's financial performance for the quarter and the first nine months of 2024 is detailed in this 10-Q filing. Specific financial figures and operational details are provided within the document.

Why It Matters

This filing provides investors and analysts with the official financial performance data for Boise Cascade Co. for the third quarter of 2024, crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently present new risks.

Key Players & Entities

• BOISE CASCADE Co (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-11-04 (date) — Filing date of the report

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share BCC New York Stock

Filing Documents

• bcc-20240930.htm (10-Q) — 1196KB
• bcc9302024ex311.htm (EX-31.1) — 11KB
• bcc9302024ex312.htm (EX-31.2) — 11KB
• bcc9302024ex321.htm (EX-32.1) — 5KB
• bcc9302024ex322.htm (EX-32.2) — 6KB
• 0001328581-24-000090.txt ( ) — 7340KB
• bcc-20240930.xsd (EX-101.SCH) — 51KB
• bcc-20240930_cal.xml (EX-101.CAL) — 88KB
• bcc-20240930_def.xml (EX-101.DEF) — 276KB
• bcc-20240930_lab.xml (EX-101.LAB) — 711KB
• bcc-20240930_pre.xml (EX-101.PRE) — 487KB
• bcc-20240930_htm.xml (XML) — 1019KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Condensed Notes to Unaudited Quarterly Consolidated Financial Statements 8 1. Nature of Operations and Consolidation 8 2. Summary of Significant Accounting Policies 8 3. Income Taxes 12 4. Net Income Per Common Share 12 5. Acquisitions 13 6. Goodwill and Intangible Assets 14 7. Debt 15 8. Leases 18 9. Stock-Based Compensation 19 10. Stockholders' Equity 21 11. Transactions With Related Party 21 12. Segment Information 22 13. Commitments, Legal Proceedings and Contingencies, and Guarantees 23 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Understanding Our Financial Information 24 Executive Overview 25 Factors That Affect Our Operating Results and Trends 25 Our Operating Results 27 Liquidity and Capital Resources 31 Guarantees 33 Seasonal Influences 33 Employees 34 Disclosures of Financial Market Risks 34 Environmental 34 Critical Accounting Estimates 34 New and Recently Adopted Accounting Standards 34 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 35

—OTHER INFORMATION

PART II—OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 3. Defaults Upon Senior Securities 36 Item 4. Mine Safety Disclosures 36 Item 5. Other Information 37 Item 6. Exhibits 37

Signatures

Signatures 38 ii Table of Contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS Boise Cascade Company Consolidated Statements of Operations (unaudited) Three Months Ended September 30 Nine Months Ended September 30 2024 2023 2024 2023 (thousands, except per-share data) Sales $ 1,713,724 $ 1,834,441 $ 5,156,814 $ 5,193,989 Costs and expenses Materials, labor, and other operating expenses (excluding depreciation) 1,375,719 1,442,178 4,123,838 4,099,249 Depreciation and amortization 36,861 31,474 107,078 93,382 Selling and distribution expenses 157,522 147,714 451,415 415,707 General and administrative expenses 26,172 27,583 77,232 84,193 Other (income) expense, net 94 ( 141 ) ( 68 ) ( 1,752 ) 1,596,368 1,648,808 4,759,495 4,690,779 Income from operations 117,356 185,633 397,319 503,210 Foreign currency exchange gain (loss) 300 ( 602 ) ( 103 ) ( 355 ) Pension expense (excluding service costs) ( 37 ) ( 40 ) ( 111 ) ( 122 ) Interest expense ( 6,082 ) ( 6,351 ) ( 18,257 ) ( 19,051 ) Interest income 10,168 13,760 31,308 34,964 Change in fair value of interest rate swaps ( 866 ) ( 327 ) ( 1,573 ) ( 798 ) 3,483 6,440 11,264 14,638 Income before income taxes 120,839 192,073 408,583 517,848 Income tax provision ( 29,801 ) ( 49,005 ) ( 101,129 ) ( 131,727 ) Net income $ 91,038 $ 143,068 $ 307,454 $ 386,121 Weighted average common shares outstanding: Basic 38,848 39,675 39,286 39,648 Diluted 39,063 39,983 39,521 39,849 Net income per common share: Basic $ 2.34 $ 3.61 $ 7.83 $ 9.74 Diluted $ 2.33 $ 3.58 $ 7.78 $ 9.69 Dividends declared per common share $ 5.21 $ 0.20 $ 5.61 $ 3.50 See accompanying condensed notes to unaudited quarterly consolidated financial statements. 1 Table of Contents Boise Cascade Company Consolidated Statements of Comprehensive Income (unaudited) Three Months Ended September 30 Nine Months Ended September 30 2024 2023 2024 2023 (thousands) Net income $ 91,038 $ 143,068 $ 307,454 $ 386,121 Other comprehensive income, net of tax Defined benefit pension

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View this 10-Q filing on SEC EDGAR