Boise Cascade (BCC) Misses Q2 EPS by 6c, Offers Outlook

Boise Cascade (NYSE: BCC) reported Q2 EPS of $0.51, $0.06 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $955.4 billion versus the consensus estimate of $1.01 billion.

Outlook

"We expect to experience modest demand growth for the products we manufacture and distribute during the balance of 2015 and remain optimistic that the overall improvement in demand for our products will continue as housing recovers to historic trend levels. We expect to manage our production levels to our sales demand, which will likely result in operating some of our facilities below their capacity until demand improves further. Composite structural panel and lumber prices have been historically volatile and future commodity product pricing could be volatile in response to industry capacity restarts and operating rates, net import and export activity, inventory levels in various distribution channels, and seasonal demand patterns."

For earnings history and earnings-related data on Boise Cascade (BCC) click here.

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