Boise Cascade Sees Increased Sales for Q4, Full Year 2013
Boise Cascade posts $16.2M Q4 loss

Boise Cascade Sees Increased Sales for Q4, Full Year 2013  BOISE, ID - Boise Cascade Company, a producer of plywood and engineered wood products in North America and a U.S. wholesale distributor of building products, has released its financial results for the fourth quarter and year ended December 31, 2013.

Total fourth quarter 2013 sales were $798.3 million, a 15% jump from the same quarter in 2012, with sales growth of 31% in Wood Products and 11% in Building Materials Distribution (BMD). Total year end 2013 sales were $3,273.5 million, up 18% from 2012.

“We are pleased by our accomplishments in 2013,” said Tom Carlile, CEO. “Our manufacturing business continued to execute well, capturing the benefit of higher prices and increased engineered wood products sales volumes. In addition, the two plywood plants we acquired at the end of the third quarter have been successfully integrated and provided incremental volume and earnings consistent with our expectations.”

Wood Products sales in the fourth quarter were $301.3 million, up $70.7 million from the same quarter a year ago. The increase in sales was primarily credited to increased engineered wood products volumes and prices, and higher plywood sales volumes, pushed by the acquisition of two plywood plants in September 2013. For the full year 2013, Wood Products reported sales of $1,134.1 million, up 20% from 2012 results. The sales increase was primarily due to increased prices and volumes for plywood, engineered wood products, and lumber.

BMD sales were $615.5 million for the fourth quarter, rising $62.4 million from the same quarter a year ago. Volumes were up approximately 9%, with prices up about 2%. For the full year 2013, BMD had sales of $2,599.6 million, a 19% increase from 2012 results. Volumes were up approximately 10%, with prices up about 8%.

Boise Cascade guesses that immediate future demand for its products could be below 20-year average historical levels, as it began 2014 with plywood price realizations approximately 10% below first quarter 2013. The company expects to manage its production levels to sales demand, which will likely result in operating some of its facilities below their capacity until demand improves further. 


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