Boise Cascade (BCC) Reports Q4 Loss of $1.85, Revenues Miss; 'Slower Demand Growth for Products' in 2019
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Boise Cascade Company Reports Fourth Quarter and Full Year 2018 Results
February 26, 2019 5:45 AM ESTBoise, Idaho, Feb. 26, 2019 (GLOBE NEWSWIRE) -- For Immediate Release: February 26, 2019
Boise Cascade Company ("Boise Cascade," the "Company," "we," or "our") (NYSE: BCC) today reported a net loss of $72.2 million, or $1.85 per share, on sales of $1.1 billion for the fourth quarter ended December 31, 2018. For the full year 2018, Boise Cascade reported net income of $20.5 million, or $0.52 per share, on sales of $5.0 billion.
Fourth quarter 2018 results included the following items that negatively effected reported earnings (after-tax amounts assume a 25% tax rate):
$24.0 million of pre-tax impairment and sale related... More