Skip to main content
Midas Edge

BOISE CASCADE Co

For the period ended Jun 30, 2026. Filed Aug 3, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 3, 2026

BCC$70.42-3.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Item 1. Financial Statements

Consolidated Statements of Operations

Three Months EndedJune 30Six Months EndedJune 30
2026202520262025
(thousands, except per-share data)
Sales$1,831,335$1,740,114$3,329,949$3,276,608
Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)1,503,4621,441,4592,758,5322,717,642
Depreciation and amortization42,71437,40981,76774,530
Selling and distribution expenses173,787161,815324,231305,463
General and administrative expenses27,26626,47053,56651,467
Other (income) expense, net130(7,569)92(7,543)
1,747,3591,659,5843,218,1883,141,559
Income from operations83,97680,530111,761135,049
Foreign currency exchange gain (loss)(420)1,093(661)1,093
Pension expense (excluding service costs)(30)(32)(60)(65)
Interest expense(7,106)(5,183)(13,125)(10,495)
Interest income2,1524,6235,08910,133
Change in fair value of interest rate swaps—(435)—(925)
(5,404)66(8,757)(259)
Income before income taxes78,57280,596103,004134,790
Income tax provision(21,230)(18,611)(27,820)(32,457)
Net income$57,342$61,985$75,184$102,333
Weighted average common shares outstanding:
Basic35,21237,68235,55937,848
Diluted35,22737,79535,61637,999
Net income per common share:
Basic$1.63$1.64$2.11$2.70
Diluted$1.63$1.64$2.11$2.69
Dividends declared per common share$0.22$0.21$0.44$0.42

Consolidated Statements of Comprehensive Income

Three Months EndedJune 30Six Months EndedJune 30
2026202520262025
(thousands)
Net income$57,342$61,985$75,184$102,333
Other comprehensive income, net of tax
Defined benefit pension plans
Amortization of actuarial loss, net of tax of $2, $2, $5, and $4, respectively761412
Other comprehensive income, net of tax761412
Comprehensive income$57,349$61,991$75,198$102,345

Consolidated Balance Sheets

June 30,2026December 31,2025
(thousands)
ASSETS
Current
Cash and cash equivalents$304,818$477,215
Receivables
Trade, less allowances of $5,534 and $5,618507,063315,944
Related parties33286
Other23,66324,698
Inventories927,284795,724
Prepaid expenses and other37,13840,751
Total current assets1,800,2981,654,418
Property and equipment, net1,142,6411,157,261
Operating lease right-of-use assets50,49155,980
Finance lease right-of-use assets40,95311,825
Timber deposits9,7548,058
Goodwill185,239185,384
Intangible assets, net149,296159,665
Deferred income taxes2,7573,041
Other assets6,8436,311
Total assets$3,388,272$3,241,943

Consolidated Balance Sheets (continued)

June 30,2026December 31,2025
(thousands, except per-share data)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade$421,159$254,622
Related parties2,781915
Accrued liabilities
Compensation and benefits112,090103,066
Interest payable10,16110,176
Other118,129124,297
Total current liabilities664,320493,076
Debt
Long-term debt, net448,408445,405
Other
Compensation and benefits35,98639,354
Operating lease liabilities, net of current portion43,93449,778
Finance lease liabilities, net of current portion44,29715,631
Deferred income taxes105,769105,551
Other long-term liabilities19,89318,270
249,879228,584
Commitments and contingent liabilities
Stockholders' equity
Preferred stock, $0.01 par value per share; 50,000 shares authorized, no shares issued and outstanding——
Common stock, $0.01 par value per share; 300,000 shares authorized, 34,929 and 36,190 shares issued, respectively349362
Additional paid-in capital571,816571,220
Accumulated other comprehensive loss(462)(476)
Retained earnings1,453,9621,503,772
Total stockholders' equity2,025,6652,074,878
Total liabilities and stockholders' equity$3,388,272$3,241,943

Consolidated Statements of Cash Flows

Six Months EndedJune 30
20262025
(thousands)
Cash provided by (used for) operations
Net income$75,184$102,333
Items in net income not using (providing) cash
Depreciation and amortization, including deferred financing costs and other83,54376,341
Stock-based compensation6,8417,010
Deferred income taxes3972,778
Change in fair value of interest rate swaps—925
Other(50)(11,116)
Decrease (increase) in working capital, net of acquisitions
Receivables(190,298)(133,103)
Inventories(131,560)(115,661)
Prepaid expenses and other(4,862)(7,750)
Accounts payable and accrued liabilities184,29986,242
Income taxes payable9,004(2,677)
Other(6,157)(628)
Net cash provided by operations26,3414,694
Cash provided by (used for) investment
Expenditures for property and equipment(63,315)(132,257)
Acquisitions of businesses and facilities(135)—
Proceeds from sales of assets and other45410,152
Net cash used for investment(62,996)(122,105)
Cash provided by (used for) financing
Borrowings of long-term debt, including revolving credit facility—50,000
Payments of long-term debt, including revolving credit facility—(50,000)
Repurchase of common stock(109,984)(87,746)
Dividends paid on common stock(18,078)(18,383)
Tax withholding payments on stock-based awards(6,244)(5,939)
Payments of deferred financing costs—(1,819)
Other(1,436)(943)
Net cash used for financing(135,742)(114,830)
Net decrease in cash and cash equivalents(172,397)(232,241)
Balance at beginning of the period477,215713,260
Balance at end of the period$304,818$481,019

Consolidated Statements of Stockholders' Equity

Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Loss · Retained Earnings · Total
Shares · Amount
(thousands)
Balance at December 31, 202536,190$362$571,220$(476)$1,503,772$2,074,878
Net income17,84217,842
Other comprehensive income77
Common stock issued14411
Repurchase of common stock(831)(8)(66,042)(66,050)
Stock-based compensation3,4583,458
Common stock dividends ($0.22 per share)(7,958)(7,958)
Tax withholding payments on stock-based awards(6,244)(6,244)
Other(1)(1)
Balance at March 31, 202635,503$355$568,433$(469)$1,447,614$2,015,933
Net income57,34257,342
Other comprehensive income77
Repurchase of common stock(574)(6)(43,191)(43,197)
Stock-based compensation3,3833,383
Common stock dividends ($0.22 per share)(7,803)(7,803)
Balance at June 30, 202634,929$349$571,816$(462)$1,453,962$2,025,665

Consolidated Statements of Stockholders' Equity (continued)

Common Stock · Treasury Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Loss · Retained Earnings · Total
Shares · Amount · Shares · Amount
(thousands)
Balance at December 31, 202445,139$4516,956$(341,974)$565,041$(460)$1,928,216$2,151,274
Net income40,34840,348
Other comprehensive income66
Common stock issued10911
Treasury stock purchased483(53,884)(53,884)
Stock-based compensation3,7573,757
Common stock dividends ($0.21 per share)(8,060)(8,060)
Tax withholding payments on stock-based awards(5,938)(5,938)
Other(426)(1)(427)
Balance at March 31, 202545,248$4527,439$(396,284)$562,859$(454)$1,960,504$2,127,077
Net income61,98561,985
Other comprehensive income66
Treasury stock purchased354(32,127)(32,127)
Stock-based compensation3,2533,253
Common stock dividends ($0.21 per share)(7,815)(7,815)
Tax withholding payments on stock-based awards(1)(1)
Other(321)(321)
Balance at June 30, 202545,248$4527,793$(428,732)$566,111$(448)$2,014,674$2,152,057
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.