Boise Cascade Company BCC reported mixed fourth-quarter 2024 results, with earnings missing the Zacks Consensus Estimate and sales topping the same. On a year-over-year basis, the top and bottom lines declined.

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The company's quarterly performance was mainly marred by lower sales prices across the products it manufactures and distributes. Although lower I-joist sales volumes were concerning, higher LVL and plywood sales volumes partially offset this headwind during the quarter.

Moving into 2025, the company aims to monitor the housing market and the macro factors that play a vital role in shaping its prospects. The uncertainties surrounding the U.S. housing market are expected to continue given the affordability concerns and lingering inflationary pressures.

However, with a strong balance sheet position, BCC expects to continue its reinvestment and growth strategies besides maintaining its shareholder value.

BCC stock inched down 0.6% in Friday’s after-hours trading session, post the earnings announcement.

Detailed Discussion of BCC

The company reported adjusted earnings per share (EPS) of $1.78, which missed the Zacks Consensus Estimate of $1.82 by 2.2%. In the year-ago quarter, the company reported an adjusted EPS of $2.44.

Quarterly sales of $1.57 billion topped the consensus mark of $1.55 million by 1.2% but dropped 5% year over year.

Adjusted EBITDA of $128.7 million was down 20% from the prior-year quarter.

Boise Cascade’s Segmental Analysis

Wood Products: The segment’s sales (including sales to the BMD segment) of $419.7 million were down 7% from the prior-year period’s level, due to lower engineered wood products (EWP) and plywood sales prices.

Adjusted EBITDA was $56.6 million, down 39% from $92.7 million reported a year ago.

During the quarter, the segment’s costs and expenses — as a percentage of segment sales — increased year over year to 92% from 85.7%. The increase in materials, labor and other operating expenses primarily contributed to the uptick.

Building Materials Distribution or BMD: Sales in the segment plunged 4% year over year to $1.44 billion. The downside in sales was due to lower plywood sales prices, reduced LVL and I-joist prices (collectively referred to as EWP) and decreased I-joist sales volumes.

The segment’s adjusted EBITDA grew 5% year over year to $84.5 million from $80.6 million.

The segment’s costs and expenses — as a percentage of segment sales — declined year over year to 95.1% from 95.3%. The lower materials, labor and other operating expenses, along with general and administrative expenses, caused the downtick.

Boise Cascade’s 2024 Numbers

The full-year sales of the company declined 2% year over year to $6.72 billion, with Wood Products sales (including sales to the BMD segment) declining 5% to $1.83 billion and Building Materials Distribution sales remaining flat at $6.17 billion.

The consolidated adjusted EBITDA tumbled 16% year over year to $632.8 million from $756.7 million.

Full-year adjusted EPS of $9.57 declined 21% from $12.12 reported in 2023.

BCC’s Financials

The total liquidity of Boise Cascade, as of Dec. 31, 2024, was $1.109 billion, down from $1.35 billion reported at the end of Dec. 31, 2023. Total liquidity includes $395.7 million of undrawn committed bank line availability and cash and cash equivalents. At the fourth-quarter 2024 end, the company had cash and cash equivalents of $713.3 million, down from $949.6 million at the 2023-end.

Net long-term debt was $446.2 million, up from $445.3 million reported at 2023-end.

In 2024, net cash provided by operations was $438.3 million, down from $687.5 million in the year-ago period.

During 2024, the company repurchased about 1.5 million shares of its common stock for a total value of $194.9 million.

BCC’s Zacks Rank & Recent Construction Releases

Boise Cascade currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Quanta Services Inc. PWR reported mixed results for the fourth quarter of 2024, wherein adjusted earnings beat the Zacks Consensus Estimate, but revenues missed the same. Yet both the top and bottom lines grew year over year.

PWR is leading the industry's transformation amid rising demand for power and infrastructure solutions. The company’s strong portfolio, disciplined execution and customer focus drive consistent growth while expanding market reach. In 2025, it anticipates double-digit revenue, adjusted EBITDA and EPS growth, along with a record backlog.

Gibraltar Industries, Inc.’s ROCK fourth-quarter 2024 adjusted earnings topped the Zacks Consensus Estimate and grew year over year. On the other hand, net sales missed the consensus mark and tumbled year over year.

The quarter’s bottom-line performance was backed by a favorable mix shift and continued strong operating execution. Although the timing on a large project last year hampered the net sales growth during the quarter, the company is optimistic about the prospects given the robust public spending trends at the federal and state levels.

Louisiana-Pacific Corporation’s LPX, or LP, reported better-than-expected fourth-quarter 2024 results, with earnings and net sales beating the respective Zacks Consensus Estimate. This was driven by robust demand in its Siding segment and disciplined capital management.

The metrics also increased on a year-over-year basis. Despite a challenging macroeconomic backdrop, the company’s strategic execution and operational efficiency helped offset pressures from a declining Oriented Strand Board (OSB) market. While OSB pricing remains a wildcard, its strategic focus on higher-margin products and share repurchases positions it well for sustained earnings growth in 2025.

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