Boise Cascade (BCC) Tops Q3 EPS by 8c

Boise Cascade (NYSE: BCC) reported Q3 EPS of $0.56, $0.08 better than the analyst estimate of $0.48. Revenue for the quarter came in at $991.6 million versus the consensus estimate of $969.56 million.

Outlook

We expect to experience seasonally slower demand in the fourth quarter of 2015. On an annual basis, housing starts in the U.S. continue to show modest improvement and we remain optimistic that the improvement in demand for our products will continue through 2016, but at forecasted levels below the 20-year historical average. 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 are well below prior year levels as we begin the fourth quarter. 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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