Recent Insider Transactions • May 20
Senior VP recently sold €344k worth of stock On the 13th of May, Jill Twedt sold around 6k shares on-market at roughly €56.75 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €865k more than they bought in the last 12 months. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. CEO & Director Jeff Strom was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 05
Boise Cascade Company Appoints Jeff Strom as Director Boise Cascade Company at its annual shareholders' meeting held via webcast on April 30, 2026, shareholders elected Jeff Strom as director to serve a one-year term expiring at the Company’s annual meeting in 2027. Announcement • May 02
Boise Cascade Company announces Quarterly dividend, payable on June 17, 2026 Boise Cascade Company announced Quarterly dividend of USD 0.2200 per share payable on June 17, 2026, ex-date on June 01, 2026 and record date on June 01, 2026. Announcement • Mar 18
Boise Cascade Company, Annual General Meeting, Apr 30, 2026 Boise Cascade Company, Annual General Meeting, Apr 30, 2026. Announcement • Feb 10
Boise Cascade Company Announces Executive Leadership Promotions for Senior Vice President of Human Resources and Senior Vice President of Finance & Investor Relations, Effective February 9, 2026 Boise Cascade Company announced two executive leadership promotions. Angella Broesch was promoted to Senior Vice President of Human Resources. Angella joined Boise Cascade in 2013 and was promoted to director of internal audit shortly after that. In late 2020, Angella moved to human resources and accepted the newly created role of director of total rewards. She continued progressing in other leadership roles in human resources before becoming vice president of human resources in February 2024. Angella earned a bachelor's degree in business with an accounting emphasis from the University of Idaho. She currently serves on two boards, the University of Idaho Foundation and the Learning Lab. Chris Forrey was promoted to Senior Vice President of Finance & Investor Relations. Chris joined Boise Cascade in 2005 and has held a series of progressive leadership roles on the finance team. Prior to being named vice president in May 2024, he was the senior director of finance. Chris earned a bachelor's degree in accounting and a master's degree in taxation, both from Boise State University. He is a certified public accountant and currently serves on the Board of Directors for the United Way of Treasure Valley. Both promotions are effective February 9, 2026. Announcement • Feb 07
Boise Cascade Company Announces Quarterly Dividend , Payable on March 18, 2026 Boise Cascade Company declared a quarterly dividend of $0.22 per share to holders of its common stock. The dividend will be paid on March 18, 2026 to stockholders of record on February 23, 2026. Announcement • Dec 16
Boise Cascade Company (NYSE:BCC) completed the acquisition of Humphrey Company, Inc. Boise Cascade Company (NYSE:BCC) agreed to acquire Humphrey Company, Inc. on November 18, 2025. For the last 12 months, Humphrey Company, Inc. reported total revenue of $145 million. The expected completion of the transaction is in December 2025, subject to customary closing conditions.
Boise Cascade Company (NYSE:BCC) completed the acquisition of Humphrey Company, Inc. on December 15, 2025. Announcement • Nov 19
Boise Cascade Company (NYSE:BCC) agreed to acquire Humphrey Company, Inc. Boise Cascade Company (NYSE:BCC) agreed to acquire Humphrey Company, Inc. on November 18, 2025. For the last 12 months, Humphrey Company, Inc. reported total revenue of $145 million. The expected completion of the transaction is in December 2025, subject to customary closing conditions. Announcement • Aug 01
Boise Cascade Company Announces Quarterly Dividend, Payable on September 17, 2025 Boise Cascade Company’s Board of Directors declared a quarterly dividend of $0.22 per share, an increase of $0.01 per share or 5%, to holders of its common stock. The dividend will be paid on September 17, 2025 to stockholders of record on September 2, 2025. Announcement • Jun 14
Boise Cascade Names Rob Johnson Senior Vice President of Manufacturing for Wood Products, Effective June 16, 2025 Boise Cascade Company announced that Rob Johnson is stepping into a new role as Senior Vice President of Manufacturing for their Wood Products division, effective June 16, 2025. This move will backfill the role previously filled by Chris Seymour, who left the organization earlier in June. In this role, Rob will oversee the operations for the company’s 18+ manufacturing facilities across the U.S. He will continue to report to Troy Little, Executive Vice President of Wood Products. Rob joined Boise Cascade in 2014 as a Business Optimization Engineer in Wood Products and has held a series of progressive leadership roles since then, including the Eastern Region Manager. Most recently, he was the Senior Vice President of Sales and Marketing for Engineered Wood Products. Prior to joining Boise Cascade, Rob accumulated more than 20 years of broad industry experience in manufacturing and distribution. Rob holds a bachelor’s degree in finance from the University of Oregon. He also served in the U.S. Marine Corps. Announcement • May 02
Boise Cascade Company Announces Quarterly Dividend, Payable on June 18, 2025 The Board of Directors of Boise Cascade Company declared a quarterly dividend of $0.21 per share to holders of its common stock. The dividend will be paid on June 18, 2025 to stockholders of record on June 2, 2025. Announcement • Mar 24
Boise Cascade Company, Annual General Meeting, May 01, 2025 Boise Cascade Company, Annual General Meeting, May 01, 2025. Announcement • Feb 22
Boise Cascade Company Promotes Nathan Sikes to Senior Vice President of Western Operations for Building Materials Distribution Division, Effective February 24, 2025 Boise Cascade Company announced that Nathan Sikes will be the new Senior Vice President of Western Operations for their Building Materials Distribution (BMD) division, effective February 24, 2025. In this role, Nathan will be responsible for BMD’s facilities and door shops located in the Western and Pacific Regions. Since joining Boise Cascade in 2006, Nathan has held a series of key roles and progressive leadership positions in the company’s BMD division. Most recently, he was the vice president of BMD sales and marketing. Before that he was the southwest region manager, branch manager, sales manager, and general line product manager. Nathan earned a bachelor’s degree in business administration from the University of Texas at Arlington. He serves on the board of directors for the Lumbermen’s Association of Texas. Announcement • Feb 13
Boise Cascade Company Promotes Joanna (Jo) Barney to Executive Vice President of Building Materials Distribution (Bmd) Division, Effective February 17, 2025 Boise Cascade Company announced that Joanna (Jo) Barney, age 51 will be the new Executive Vice President of their Building Materials Distribution (BMD) division, effective February 17, 2025. In this role, Jo will oversee the Company’s 40+ distribution facilities, including millwork and door shops, across the U.S. Jo joined Boise Cascade in 2005. Ms. Barney became Senior Vice President, Western Operations, Building Materials Distribution, in October 2023. Her previous positions with the Company’s Building Materials Distribution business include: Vice President, Western Operations, from May 2022 through October 2023; General Manager, Western Operations, from September 2021 through May 2022; and Branch Manager, from September 2015 through September 2021. Ms. Barney received a bachelor’s degree in business finance from the University of Utah. She is a two-time all-American athlete and the founder and executive director of the Utah Avalanche youth soccer club. Announcement • Feb 08
Boise Cascade Company Announces Quarterly Dividend, Payable on March 19, 2025 The Board of Directors of Boise Cascade Company declared a quarterly dividend of $0.21 per share to holders of its common stock. The dividend will be paid on March 19, 2025 to stockholders of record on February 24, 2025. Announcement • Jan 17
Boise Cascade Company Announces Jeff Strom as Chief Operating Officer, Effective January 20, 2025 Boise Cascade Company announced that Jeff Strom will become its new chief operating officer (COO), effective January 20, 2025. This new role will oversee the operations for the company’s Wood Products and Building Materials Distribution (BMD) divisions. Jeff joined Boise Cascade in 2006. He served in many key roles and leadership positions over the years, including Vice President and General Manager of BMD’s Eastern Region. Most recently, he served as the Executive Vice President of BMD. Jeff holds a bachelor’s degree in management from the Georgia Institute of Technology. He serves on the board of trustees for the Boise Valley Habitat for Humanity. Announcement • Dec 11
Boise Cascade Company (NYSE:BCC) acquired Florida door shop of Parksite Inc. Boise Cascade Company (NYSE:BCC) acquired Florida door shop of Parksite Inc. on December 10, 2024.
Boise Cascade Company (NYSE:BCC) completed the acquisition of Florida door shop of Parksite Inc. on December 10, 2024. New Risk • Nov 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €421k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 05
Third quarter 2024 earnings released: EPS: US$2.34 (vs US$3.61 in 3Q 2023) Third quarter 2024 results: EPS: US$2.34 (down from US$3.61 in 3Q 2023). Revenue: US$1.71b (down 6.6% from 3Q 2023). Net income: US$91.0m (down 36% from 3Q 2023). Profit margin: 5.3% (down from 7.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Declared Dividend • Nov 04
Second quarter dividend of US$0.21 announced Shareholders will receive a dividend of US$0.21. Ex-date: 2nd December 2024 Payment date: 18th December 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (7% earnings payout ratio) but not covered by cash flows (122% cash payout ratio). The dividend has increased by an average of 69% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Announcement • Oct 31
Boise Cascade Company Announces Quarterly Dividend, Payable on December 18, 2024 The Board of Directors of Boise Cascade Company declared a quarterly dividend of $0.21 per share to holders of its common stock. The dividend will be paid on December 18, 2024 to stockholders of record on December 2, 2024. New Risk • Sep 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (122% cash payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Upcoming Dividend • Aug 27
Upcoming dividend of US$5.21 per share Eligible shareholders must have bought the stock before 03 September 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 6.9% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.1%). Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$2.85 (vs US$3.69 in 2Q 2023) Second quarter 2024 results: EPS: US$2.85 (down from US$3.69 in 2Q 2023). Revenue: US$1.80b (down 1.0% from 2Q 2023). Net income: US$112.3m (down 23% from 2Q 2023). Profit margin: 6.2% (down from 8.1% in 2Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Declared Dividend • Aug 05
First quarter dividend of US$5.21 announced Shareholders will receive a dividend of US$5.21. Ex-date: 3rd September 2024 Payment date: 16th September 2024 Dividend yield will be 8.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (6% earnings payout ratio) and cash flows (78% cash payout ratio). The dividend has increased by an average of 64% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to decline by 12% over the next 3 years. However, it would need to fall by 93% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €125, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Trade Distributors industry in Europe. Total returns to shareholders of 264% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €102 per share. Buy Or Sell Opportunity • Jul 18
Now 22% overvalued Over the last 90 days, the stock has fallen 3.1% to €125. The fair value is estimated to be €102, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to decline by 11% in the next 2 years. Buy Or Sell Opportunity • May 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to €129. The fair value is estimated to be €107, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 7.1% in 2 years. Earnings are forecast to decline by 8.5% in the next 2 years. Upcoming Dividend • May 27
Upcoming dividend of US$0.20 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 6.1% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.1%). Recent Insider Transactions • May 17
Insider recently sold €386k worth of stock On the 15th of May, Jeffrey Strom sold around 3k shares on-market at roughly €129 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.4m. Insiders have been net sellers, collectively disposing of €7.7m more than they bought in the last 12 months. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$2.63 (vs US$2.44 in 1Q 2023) First quarter 2024 results: EPS: US$2.63 (up from US$2.44 in 1Q 2023). Revenue: US$1.65b (up 6.5% from 1Q 2023). Net income: US$104.1m (up 7.6% from 1Q 2023). Profit margin: 6.3% (in line with 1Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Declared Dividend • May 06
Fourth quarter dividend of US$0.20 announced Shareholders will receive a dividend of US$0.20. Ex-date: 3rd June 2024 Payment date: 17th June 2024 Dividend yield will be 4.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (6% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 78% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to grow by 1.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 03
Boise Cascade Company Announces Quarterly Dividend, Payable on June 17, 2024 Boise Cascade Company’s Board of Directors has declared a quarterly dividend of $0.20 per share to holders of its common stock. The dividendwill be paid on June 17, 2024 to stockholders of record on June 3, 2024. Announcement • Mar 28
Boise Cascade Company Announces Management Changes Boise Cascade Company announced Mike Brown, Executive Vice President of Wood Products, will retire effective May 3, 2024. The board of directors approved the promotion of Troy Little as his successor. Mike joined the Company in 1999, serving in several key leadership positions throughout his tenure while successfully navigating ups and downs of the housing market. Troy has 33 years of service with the Company. He provides a broad range of experience in finance, strategy, commodity sales, and operational leadership, including serving as Region Manager for six manufacturing facilities in Oregon. Troy was promoted to Vice President in 2021 and Senior Vice President in 2023. Erin Nuxoll, Senior Vice President of Human Resources, will also retire effective May 3, 2024. The board of directors approved the promotion of Angella Broesch to Vice President, Human Resources. Erin has 30 years of service with the Company, and along with her many accomplishments, she most recently guided the implementation of a new Companywide HR technology platform. Angella began her career with Boise Cascade's internal audit team in 2013. In 2020, she transitioned to lead the HR center of expertise for benefits and compensation. Angella was promoted to Senior Director of Corporate HR in 2022. Prior to joining the Company, she worked at MarkMonitor and KPMG. Announcement • Mar 22
Boise Cascade Company, Annual General Meeting, May 02, 2024 Boise Cascade Company, Annual General Meeting, May 02, 2024, at 09:30 Mountain Daylight. Agenda: To elect eleven directors (each a Director, and collectively, Directors) to the Company's board of directors (Board), each to serve a one-year term; to approve, on an advisory basis, the Company's executive compensation; to ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm; and to conduct other business properly presented at the meeting. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €139, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Trade Distributors industry in Europe. Total returns to shareholders of 273% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €134 per share. Recent Insider Transactions • Mar 07
Insider recently sold €1.4m worth of stock On the 4th of March, Dean Brown sold around 11k shares on-market at roughly €128 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.8m more than they bought in the last 12 months. Announcement • Feb 21
Boise Cascade Company Announces Leadership Transitions Boise Cascade Company announced two executive leadership transitions. Mike Brown, Executive Vice President of Wood Products, will retire effective May 3, 2024. The board of directors approved the promotion of Troy Little as his successor. Mike joined Boise Cascade in 1999, serving in several key leadership positions throughout his tenure while successfully navigating ups and downs of the housing market. Troy has 33 years of service with the Company. He provides a broad range of experience in finance, strategy, commodity sales, and operational leadership, including serving as Region Manager for six manufacturing facilities in Oregon. Troy was promoted to Vice President in 2021 and Senior Vice President in 2023. Erin Nuxoll, Senior Vice President of Human Resources, will also retire effective May 3, 2024. The board of directors approved the promotion of Angella Broesch to Vice President, Human Resources. Erin has 30 years of service with Boise Cascade, and along with her many accomplishments, she most recently guided the implementation of a new Companywide HR technology platform. Angella began her career with Boise Cascade’s internal audit team in 2013. In 2020, she transitioned to lead the HR center of expertise for benefits and compensation. Angella was promoted to Senior Director of Corporate HR in 2022. Prior to joining the Company, she worked at MarkMonitor and KPMG. Announcement • Feb 07
Boise Cascade Company Announces Quarterly Dividend, Payable on March 15, 2024 Boise Cascade Company’s Board of Directors has declared a quarterly dividend of $0.20 per share to holders of its common stock. The dividend will be paid on March 15, 2024 to stockholders of record on February 23, 2024. Announcement • Jan 15
Boise Cascade Company Announces Retirement of Tom Hoffmann, Senior Vice President of Purchasing, Building Materials Distribution (Bmd) Division Boise Cascade Company announced the retirement of Tom Hoffmann, Senior Vice President of Purchasing, Building Materials Distribution (BMD) division, effective March 1, 2024. Tom joined Boise Cascade in 1981. He served in many key roles and leadership positions over the years, including Division Operations Manager, Pacific Region Manager, and Denver Branch Manager. Tom holds a bachelor’s degree in business with a dual major in management and marketing from the University of Idaho. He was promoted to Vice President in 2016 and Senior Vice President in 2021. He currently oversees the procurement, safety, and transportation functions for the BMD division. Announcement • Nov 29
Boise Cascade Company Curtails Lumber Operations in Chapman, AL Boise Cascade Company (Boise Cascade) announced an indefinite curtailment of its lumber production in Chapman, AL. The curtailment will affect approximately 80 positions. The plywood operations at the Chapman location are not part of the curtailment. The Worker Adjustment and Retraining Notification (WARN) Act notification was provided to impacted employees and specifies that operations will cease on January 28, 2024. Announcement • Nov 09
Boise Cascade Company Moves Distribution Location to Modesto, CA Boise Cascade Company’s Building Materials Distribution (BMD) division announced that it has completed the purchase of a 20-acre property in Modesto, CA. The Company’s current operations in Lathrop, CA, will relocate to this new facility, which includes office space and 190,000 sq. ft. enclosed warehouse served by rail. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: US$3.61 (vs US$5.55 in 3Q 2022) Third quarter 2023 results: EPS: US$3.61 (down from US$5.55 in 3Q 2022). Revenue: US$1.83b (down 15% from 3Q 2022). Net income: US$143.1m (down 35% from 3Q 2022). Profit margin: 7.8% (down from 10% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 30
Independent Chairman recently sold €1.0m worth of stock On the 25th of August, Thomas Carlile sold around 11k shares on-market at roughly €97.58 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Announcement • Aug 24
Boise Cascade Company has reached an agreement to acquire Brockway-Smith Company from a family for $172 million. Boise Cascade Company has reached an agreement to acquire Brockway-Smith Company from a family for $172 million on August 23, 2023. Closing of the transaction is expected to be complete in early fourth quarter of 2023, subject to customary closing conditions, including receipt of antitrust approval under the Hart-Scott-Rodino Act of 1976. Boise Cascade was advised by Wells Fargo Securities, LLC served as financial advisor, and Perkins Coie LLP served as legal advisor in the transaction. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.20 per share at 4.4% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 3.9% and this is well supported by cash flows. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: US$3.69 (vs US$5.52 in 2Q 2022) Second quarter 2023 results: EPS: US$3.69 (down from US$5.52 in 2Q 2022). Revenue: US$1.82b (down 20% from 2Q 2022). Net income: US$146.3m (down 33% from 2Q 2022). Profit margin: 8.1% (down from 9.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 6.9%. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
Boise Cascade Company Announces Quarterly Dividend, Payable on September 15, 2023 Boise Cascade Company’s Board of Directors has declared a quarterly dividend of $0.20 per share, an increase of $0.05 per share or 33%, to holders of its common stock. The dividend will be paid on September 15, 2023 to stockholders of record on September 1, 2023. Announcement • Jun 25
Boise Cascade Company(NYSE:BCC) dropped from Russell 2000 Growth-Defensive Index Boise Cascade Company(NYSE:BCC) dropped from Russell 2000 Growth-Defensive Index Upcoming Dividend • May 24
Upcoming dividend of US$3.15 per share at 6.1% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 3.3% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.7%). Announcement • May 06
Boise Cascade Company Special Dividend, Payable on June 15, 2023 Boise Cascade Company declared a special dividend of $3.00 per share, to holders of its common stock, payable on June 15, 2023 to stockholders of record on June 1, 2023. Announcement • May 05
Boise Cascade Company Declares Quarterly Dividend, Payable on June 15, 2023 Boise Cascade Company announced that its board of directors had declared a quarterly dividend of $0.15 per share, to holders of its common stock, payable on June 15, 2023 to stockholders of record on June 1, 2023. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$2.44 (vs US$7.67 in 1Q 2022) First quarter 2023 results: EPS: US$2.44 (down from US$7.67 in 1Q 2022). Revenue: US$1.54b (down 34% from 1Q 2022). Net income: US$96.7m (down 68% from 1Q 2022). Profit margin: 6.3% (down from 13% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 14
Insider recently sold €64k worth of stock On the 9th of March, Jeff Strom sold around 1k shares on-market at roughly €64.31 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €384k. Insiders have been net sellers, collectively disposing of €769k more than they bought in the last 12 months. Recent Insider Transactions • Mar 08
Executive Vice President recently sold €384k worth of stock On the 3rd of March, Dean Brown sold around 6k shares on-market at roughly €65.48 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €704k more than they bought in the last 12 months. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$21.70 (vs US$18.07 in FY 2021) Full year 2022 results: EPS: US$21.70 (up from US$18.07 in FY 2021). Revenue: US$8.39b (up 5.8% from FY 2021). Net income: US$857.7m (up 20% from FY 2021). Profit margin: 10% (up from 9.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 14
Upcoming dividend of US$0.15 per share at 5.3% yield Eligible shareholders must have bought the stock before 21 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 2.1% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.6%). Announcement • Feb 08
Boise Cascade Company Announces Quarterly Dividend, Payable on March 15, 2023 Boise Cascade Company’s Board of Directors has declared a quarterly dividend of $0.15 per share to holders of its common stock. The dividend will be paid on March 15, 2023 to stockholders of record on February 22, 2023. Announcement • Jan 18
Boise Cascade Company Announces Retirement of Rich Viola, Senior Vice President of Sales and Marketing, Building Materials Distribution Division, Effective March 1, 2023 Boise Cascade Company announced the retirement of Rich Viola, Senior Vice President of Sales and Marketing, Building Materials Distribution (BMD) division, effective March 1, 2023. Rich began his career at Billerica, Massachusetts-based Furman Lumber in 1980 after earning his bachelor’s degree in marketing from Northeastern University in Boston. In 1999, Rich joined Boise Cascade when it acquired Furman. He steadily advanced through various sales and marketing roles, helping the Company develop its national distribution footprint and reputation as an industry leader. Rich was promoted to the Senior Vice President position in 2016. Nathan Sikes has been named Sales and Marketing Director, replacing the role that Rich held. Nathan joined Boise Cascade in 2006 at the Dallas, TX branch. He advanced through several leadership roles, including Branch Manager, and was instrumental in launching the Dallas door shop. Nathan most recently served as the division’s Southwest Regional Manager. Upcoming Dividend • Nov 23
Upcoming dividend of US$1.15 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 2.1% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$5.55 (vs US$2.33 in 3Q 2021) Third quarter 2022 results: EPS: US$5.55 (up from US$2.33 in 3Q 2021). Revenue: US$2.15b (up 15% from 3Q 2021). Net income: US$219.6m (up 140% from 3Q 2021). Profit margin: 10% (up from 4.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 7.6% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 2.3% and this is well supported by cash flows. Trailing yield: 8.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.6%). Recent Insider Transactions • Aug 10
Senior VP recently sold €216k worth of stock On the 5th of August, Kelly Hibbs sold around 3k shares on-market at roughly €67.90 per share. This was the largest sale by an insider in the last 3 months. This was Kelly's only on-market trade for the last 12 months. Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: US$5.52 (vs US$7.67 in 2Q 2021) Second quarter 2022 results: EPS: US$5.52 (down from US$7.67 in 2Q 2021). Revenue: US$2.28b (down 6.8% from 2Q 2021). Net income: US$218.1m (down 28% from 2Q 2021). Profit margin: 9.6% (down from 12% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 5.4% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
Boise Cascade Company Announces Quarterly Dividend, Payable on September 15, 2022 Boise Cascade Company’s Board of Directors has declared a quarterly dividend of $0.12 per share to holders of its common stock. The dividend will be paid on September 15, 2022 to stockholders of record on September 1, 2022. Buying Opportunity • Jul 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be €75.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 12% in 2 years. Earnings is forecast to decline by 61% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €60.50, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Trade Distributors industry in Europe. Total returns to shareholders of 232% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €83.19 per share. Buying Opportunity • Jun 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be €84.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 11% in 2 years. Earnings is forecast to decline by 57% in the next 2 years. Upcoming Dividend • May 24
Upcoming dividend of US$2.62 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 2.0% and this is well supported by cash flows. Trailing yield: 7.9%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (2.5%). Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$7.67 (vs US$3.79 in 1Q 2021) First quarter 2022 results: EPS: US$7.67 (up from US$3.79 in 1Q 2021). Revenue: US$2.33b (up 28% from 1Q 2021). Net income: US$302.6m (up 103% from 1Q 2021). Profit margin: 13% (up from 8.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 6.0% compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 23
Now 22% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be €87.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 108%. For the next 3 years, revenue is forecast to decline by 2.6% per annum. Earnings is also forecast to decline by 38% per annum over the same time period. Buying Opportunity • Mar 24
Now 22% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be US$88.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% per annum over the last 3 years. Earnings per share has grown by 108% per annum over the last 3 years. Recent Insider Transactions • Mar 05
Insider recently sold €332k worth of stock On the 28th of February, Dean Brown sold around 5k shares on-market at roughly €68.92 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Buying Opportunity • Mar 05
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be US$87.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% per annum over the last 3 years. Earnings per share has grown by 108% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 19% share price gain to €70.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 244% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €86.27 per share. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$18.07 (up from US$4.46 in FY 2020). Revenue: US$7.93b (up 45% from FY 2020). Net income: US$712.5m (up 307% from FY 2020). Profit margin: 9.0% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is expected to shrink by 15% compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Boise Cascade Announces Executive Leadership Promotions Boise Cascade Company announced the promotion of three of its business leaders. Rob Johnson has been promoted to Sr. Vice President of Engineered Wood Products (EWP), Sales & Marketing. Johnson joined the Company as a Business Optimization Engineer in 2014. He was selected as the Director of the EWP Sales and Marketing team in March 2019 and was promoted to Vice President in January 2020. Prior to joining Boise Cascade, Johnson had more than 20 years of broad industry experience in both manufacturing and distribution. Chris Seymour has been promoted to Sr. Vice President of Manufacturing Operations, Wood Products. The Company’s manufacturing operations include an integrated network of lumber, plywood, and EWP plants around the country. Seymour began his career at Boise Cascade in 2000 and has held key leadership roles at several facilities. He was promoted to Vice President in January 2020.