Q1 25 EPS
$1.06
MISS 17.51%
Est. $1.29
Q1 25 Revenue
$1.54B
BEAT +1.32%
Est. $1.52B
vs S&P Since Q1 25
-45.0%
TRAILING MARKET
BCC -13.7% vs S&P +31.2%
Market Reaction
Did BCC Beat Earnings? Q1 2025 Results
Boise Cascade delivered a mixed first quarter, with earnings falling well short of expectations even as revenue edged past forecasts amid a pronounced slowdown in U.S. Home construction. The company posted earnings of $1.06 per diluted share, missing… Read more Boise Cascade delivered a mixed first quarter, with earnings falling well short of expectations even as revenue edged past forecasts amid a pronounced slowdown in U.S. Home construction. The company posted earnings of $1.06 per diluted share, missing the $1.28 consensus estimate by 17.51%, while revenue of $1.54 billion came in 1.32% above expectations but still fell 6.6% year-over-year. The steepest pressure came from the Wood Products segment, where planned downtime tied to a modernization project at its Oakdale, Louisiana mill compounded the pain of broad-based price declines, with plywood prices down 10% and LVL and I-joist prices each falling 9% versus the prior-year period, driving segment income down 75% to $17.71 million. Consolidated net income tumbled 61% to $40.35 million as adjusted EBITDA declined 46% to $91.61 million. Looking ahead, management expects modest engineered wood product price erosion in the second quarter and anticipates 2025 housing starts to range from flat to mid-single-digit declines, though longer-term demand drivers, including housing undersupply and aging stock, remain intact.
Key Takeaways
- • Lower EWP and plywood sales prices drove revenue and income declines across both segments
- • Lower sales volumes for LVL, I-joists, and plywood
- • Higher per-unit conversion costs from downtime at Oakdale mill modernization project
- • U.S. single-family housing starts decreased 6% year-over-year
- • Total U.S. housing starts decreased 2% year-over-year
- • Constrained demand and difficult weather conditions
- • BMD gross margin decreased $20.4 million from lower volumes and compressed commodity/EWP margins
- • BMD depreciation and amortization increased $3.3 million
BCC YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
BCC Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered solid results during the quarter when considering an environment influenced by constrained demand, difficult weather, and planned downtime at our Oakdale veneer and plywood mill. I am proud of how our team remained both steady and agile in the face of these challenges while continuing to deliver superior value to our customer and vendor partners.”
— Nate Jorgensen, Q1 2025 Earnings Press Release
BCC Earnings Trends
BCC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BCC EPS Trend
Earnings per share: estimate vs actual
BCC Revenue Trend
Quarterly revenue: estimate vs actual
BCC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.43 | $0.50 | +17.18% | $1.50B | +2.64% |
| Q4 25 BEAT FY | $0.12 | $0.24 | +108.70% | $1.46B | +0.64% |
| FY Full Year | $3.40 | $3.53 | +3.88% | $6.40B | +0.15% |
| Q3 25 MISS | $0.69 | $0.58 | -15.73% | $1.67B | +2.71% |
| Q2 25 MISS | $1.74 | $1.64 | -5.84% | $1.74B | -0.40% |
| Q1 25 MISS | $1.29 | $1.06 | -17.51% | $1.54B | +1.32% |