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Boise Cascade

Boise Cascade (BCC) Q2 2026 Earnings

Reported Aug 3, 2026 at 4:21 PM ET · SEC Source

Q2 26 EPS

$1.63

BEAT +32.52%

Est. $1.23

Q2 26 Revenue

$1.83B

BEAT +3.35%

Est. $1.77B

Did BCC Beat Earnings? Q2 2026 Results

Boise Cascade delivered a strong second-quarter beat in Q2 2026, posting earnings per share of $1.63 against a consensus estimate of $1.21, a 34.90% positive surprise, while revenue of $1.83 billion topped expectations by 3.35% and grew 5.2% year ove… Read more Boise Cascade delivered a strong second-quarter beat in Q2 2026, posting earnings per share of $1.63 against a consensus estimate of $1.21, a 34.90% positive surprise, while revenue of $1.83 billion topped expectations by 3.35% and grew 5.2% year over year. The headline performance was powered by a near-doubling of Wood Products segment income to $25.65 million, fueled by 15% higher plywood prices and lower per-unit OSB costs, alongside steady volume and pricing gains in Building Materials Distribution, where general line and commodity sales rose 9% and 7%, respectively. Adjusted EBITDA climbed 6% to $126.24 million, even as net income dipped modestly to $57.34 million, partly due to the absence of prior-year property sale gains that had inflated the year-ago comparison. The quarter also brought a notable strategic shift, with Boise Cascade announcing an expanded nationwide exclusive distribution partnership with James Hardie, effective July 31. Looking ahead, management guided Q3 total adjusted EBITDA of $82 million to $114 million, acknowledging that affordability pressures and volatile mortgage rates will keep the housing environment uneven near term.

Key Takeaways

  • • BMD sales volume increased 4% and net sales prices increased 1% year-over-year
  • • General line product sales increased 9% and commodity sales increased 7% in BMD
  • • Higher plywood sales prices (up 15%) and sales volumes (up 3%) in Wood Products
  • • Lower per-unit OSB costs benefited Wood Products segment income
  • • EWP sales declined 6% in BMD due to lower I-joist and LVL prices and volumes
  • • Prior-year quarter included $5.8 million of after-tax gains on non-operating property sales

BCC Forward Guidance & Outlook

Management expects an uneven and competitive operating environment to persist, with geopolitical uncertainty, volatile Treasury yields and mortgage rates, and inflation weighing on the macroeconomic outlook. Residential construction remains subdued due to affordability constraints and low consumer sentiment. However, long-term fundamentals are described as constructive, supported by generational tailwinds, an undersupplied housing market, high homeowner equity, and an aging housing stock. For Q3 2026, the company guided BMD EBITDA of approximately $53-$68 million, Wood Products EBITDA of approximately $42-$57 million, and Total Company Adjusted EBITDA of approximately $82-$114 million. Full-year 2026 capital expenditures are expected at approximately $150-$170 million, excluding potential acquisitions. The transition to a new third-party supplier for composite decking represents a near-term uncertainty.

24/7 Wall St

BCC YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

BCC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“I am excited to announce an outstanding second quarter, in what continues to be a mixed demand backdrop. These results reflect the power of our people and the service capabilities that our integrated model delivers to the marketplace. By combining nationwide scale with strong local support, we delivered the reliable service and consistent value our customers have come to expect from us across a broad mix of industry-leading building materials. The recent announcement of our expanded partnership with James Hardie to become the sole nationwide distributor of their full portfolio of industry-leading exterior and outdoor building products further strengthens our ability to distinguish ourselves in the marketplace. Looking ahead, we will continue to advance strategic priorities that position us to grow share, drive efficiencies, and return capital to shareholders while supporting our customers' and suppliers' success.”

— Jeff Strom, Q2 2026 Earnings Press Release

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