Boise Cascade Q3 2025 Earnings Dip, Liquidity Remains Strong
Rubber and Wood | 2025-11-04 10:22:54
For the quarter ended September 30, 2025, the company posted a net income of $21.8 million, or $0.58 per share, on sales of $1.7 billion.
By Paul Ploumis
SEATTLE (Scrap Monster): Boise Cascade Company, headquartered in Idaho, has released its third-quarter 2025 financial results, reporting a decline in earnings amid softer market conditions and lower commodity pricing.
For the quarter ended September 30, 2025, the company posted a net income of $21.8 million, or $0.58 per share, on sales of $1.7 billion. This compares with $91.0 million, or $2.33 per share, on sales of $1.7 billion in the same period last year, reflecting a notable year-over-year decline in profitability.
The Wood Products segment recorded sales of $396.4 million, down 13% (or $57.5 million) from the prior year’s quarter. The drop was primarily attributed to lower engineered wood products (EWP) and plywood prices and volumes. The segment reported a loss of $12.1 million in Q3 2025, compared to a profit of $53.9 million in the corresponding quarter of 2024.
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Boise Cascade ended the quarter with $511.8 million in cash and cash equivalents and total available liquidity of $907.0 million, while maintaining an outstanding debt of $450 million.
Looking ahead, the company expects capital expenditures in 2025 to range between $230 million and $250 million, followed by a reduction in 2026 to $150 million–$170 million as key projects are completed.
Commenting on the results, Nate Jorgensen, CEO of Boise Cascade, said the company demonstrated resilience and operational discipline despite ongoing challenges from weaker demand and fluctuating commodity prices, maintaining a strong balance sheet and liquidity position heading into 2026.
POLL
What stands out the most from Boise Cascade’s Q3 2025 financial results?
Frequently Asked Questions
- What factors contributed to the decline in profits?
The decline was mainly driven by lower pricing and reduced volumes in engineered wood products (EWP) and plywood, which led to weaker performance in the Wood Products segment.
- How did the Wood Products segment perform during the quarter?
The segment reported sales of $396.4 million, down 13% year-over-year, and a loss of $12.1 million, compared to a profit of $53.9 million in the same quarter of 2024.
- What are Boise Cascade’s capital expenditure plans?
The company expects capital expenditures of $230–$250 million in 2025, followed by a reduced spending range of $150–$170 million in 2026 as major projects near completion.
