May 15, 2023
Boise Cascade First Quarter Sales Drop
Boise Cascade Company had sales of $1.5 billion for the first quarter of 2023, down 34 per cent compared to sales of $2.3 billion in the first quarter of 2022. Wood product sales, including sales to Building Materials Distribution (BMD), decreased 22% year over year; BMD sales decreased 35%. Overall net income was $96.7 million in the quarter compared to net income of $302.6 million in the year-ago period. The company says the decreases reflect a weaker environment from lower new single-family starts and commodity product prices was evident.
Sign up for our Daily News Alerts to receive relevant industry news, articles, and previews for our next issue of Home Improvement Retailing. Delivered directly to your inbox. Subscribe here.