Boise Cascade Company reported a net loss of $72.2 million, or $1.85 per share, on sales of $1.1 billion for the 4Q ended December 31, 2018. For the full year 2018, Boise Cascade reported net income of $20.5 million, or $0.52 per share, on sales of $5 billion.
“While both of our businesses' financial results for the 4Q reflect seasonally weaker housing data and the ongoing challenges of declining commodity prices, 2018 was a year of accomplishment. Our full year financial results, excluding facility sale and curtailment charges, showed strong improvement from 2017 and were at the highest levels we have delivered since reemerging as a public company in 2013,” commented CEO Tom Corrick. “We refined the footprint and focus of our Wood Products manufacturing operations. At the same time, we completed three acquisitions that expanded our nationwide building materials distribution capabilities. These actions, along with significant steps taken to mitigate our exposure to legacy pension risks, leave us well-positioned as we begin 2019.”
Boise Cascade Company is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products.
