Boise Cascade reports Q1 net income of US$5m8 June 2016
Boise Cascade, one of the largest producers of plywood and engineered wood products in North America has reported net income of US$5m on sales of US$880.7m for the first quarter.
“Our Q1 operating results reflected strong volume growth in our engineered wood product lines,” said Tom Corrick, CEO.
“We still face an oversupply situation in our plywood business, but pricing did stabilise during the first quarter.
“Our distribution business had an outstanding performance in the quarter, posting strong revenue and earnings growth across their product lines.
We expect modest growth in residential housing construction for the balance of the year, which should drive additional demand for our products and services.”