Boise Cascade reports Q3 net income of US$32.3m3 November 2014
Boise Cascade Company reports net income of US$32.3m on sales of US$983.3m for Q3, 2014.
"3Q sales were consistent with our seasonal expectations for our manufacturing and distribution businesses," stated Tom Carlile, ceo.
"Our earnings benefited from strong plywood pricing in the quarter. In our engineered wood products business, we continue to capture solid volume growth and improved pricing.
"Forecasts for 2015 reflect further growth in US housing starts and we remain confident in our ability to take advantage of market opportunities."
The sales growth was driven primarily by plywood and engineered wood products (EWP) sales volume and price increases.
Plywood sales volumes increased 15% primarily due to the acquisition of two plywood manufacturing facilities on September 30, 2013, while plywood sales prices increased 11%.