Boise Cascade Company reported financial results for the third quarter ended September 30, 2026, showing a significant increase in profitability compared to the same period in 2025. The company recorded net income of $36.4 million, or $1.04 per share, on sales of $1.8 billion. This compares to net income of $21.8 million, or $0.58 per share, on sales of $1.7 billion for the third quarter of 2025.
Consolidated sales for the quarter increased by 8% year-over-year, driven by both net sales price and volume increases. The Building Materials Distribution (BMD) segment saw sales rise 7% to $1.67 billion, while the Wood Products segment experienced a 16% sales increase to $461.2 million. Wood Products segment income turned positive in the quarter, reaching $16.1 million, compared to a loss of $12.1 million in the prior year.
Despite the strong earnings, the company noted that total U.S. housing starts decreased 4% in the third quarter of 2026 compared to the same period in 2025. Management stated that the results demonstrate the resilience of the company's integrated platform despite softer housing starts. Boise Cascade ended the quarter with $385.1 million in cash and cash equivalents and $395.1 million in undrawn committed bank line availability, for total liquidity of $780.3 million.
The company provided guidance for the fourth quarter of 2026, projecting Building Materials Distribution EBITDA between $35 million and $45 million, Wood Products EBITDA between $10 million and $20 million, and total company EBITDA between $32 million and $54 million.
