Boise Cascade: Q1 Earnings Snapshot

BOISE, Idaho (AP) — BOISE, Idaho (AP) — Boise Cascade L.L.C. (BCC) on Monday reported first-quarter profit of $104.1 million.

On a per-share basis, the Boise, Idaho-based company said it had profit of $2.61.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.

The engineered wood products and plywood company posted revenue of $1.65 billion in the period.

Boise Cascade shares have risen nearly 8% since the beginning of the year. In the final minutes of trading on Monday, shares hit $139.37, more than doubling in the last 12 months.


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