Boise Cascade Q3 sales decrease

Boise Cascade Company had net income of $143.1 million for the third quarter of 2023, down from net income of $219.6 million in the third quarter of 2022. Sales for the quarter were $1.8 billion compared with sales of $2.2 billion in the year-ago period. The wood products segment had sales of $515.2 million for the third quarter, a decrease of 13 percent compared to sales of $595.3 million for the prior-year period. Wood product sales include sales to Building Materials Distribution (BMD). The decrease in sales was driven by lower plywood sales prices, lower sales prices for I-joists and LVL (collectively referred to as EWP), and lower LVL sales volumes. The building materials distribution (BMD) division had sales of $1,670.3 million, down 15 percent from sales of $1,956.8 million last year. The decrease was due to sales price and sales volume decreases.