Boise Cascade Company (BCC) Q2 2026 earnings summary

Executive summary

• Q2 2026 sales rose 5% year-over-year to $1.83 billion, with net income of $57.3 million and EPS of $1.63, both higher than the prior year quarter excluding prior asset sale gains.

• Adjusted EBITDA for Q2 2026 was $126.2 million, up 6% year-over-year.

• The company announced an exclusive nationwide distribution partnership with James Hardie, transitioning away from competing siding and PVC trim products and onboarding Hardie’s full suite.

• Despite demand uncertainty from geopolitical events and volatile mortgage rates, operational resilience and integrated model supported strong results.

• Cash and cash equivalents at quarter-end were $304.8 million, with total liquidity of $699.9 million.

Financial highlights

• Q2 2026 sales were $1,831.3 million, up from $1,740.1 million in Q2 2025.

• BMD segment sales were $1.7 billion, up 5% year-over-year; segment EBITDA was $85.6 million, down from $91.8 million due to higher costs and prior year asset sale gain.

• Wood Products sales reached $459.6 million, up 3% year-over-year; segment EBITDA increased to $52.4 million from $37.3 million, driven by higher plywood prices and volumes.

• Q2 gross margin was 15.2%, down 20 basis points year-over-year; BMD EBITDA margin was 5%, down from 5.7% year-over-year but up sequentially from Q1.

• Operating cash flow for the first six months was $26.3 million, up from $4.7 million in the prior year period.

Outlook and guidance

• Q3 2026 Adjusted EBITDA guidance is $82–$114 million, with BMD EBITDA of $53–$68 million and Wood Products EBITDA of $42–$57 million.

• Gross margins expected at 14.0%–14.75%, inclusive of supplier transition effects.

• Supplier transition activities and end-market moderation expected to pressure near-term revenue and margins, especially in decking, siding, and trim.

• Management expects product pricing to remain dynamic, influenced by economic and geopolitical factors, input costs, and seasonal demand.

• Capital expenditures for 2026 are projected at $150–$170 million, focused on growth, efficiency, and compliance.