BOISE, ID - Boise Cascade Holdings LLC reported a $13.8 million net loss for the quarter ended December 31, 2011, bringing its full-year loss to $46.4 million.
Boise Cascade's loss came on total 2011 sales of $2.2 billion. The company said its revenues and earnings continued to be negatively impacted by reduced demand for its products, mainly due to the continued weak residential construction market.
"We made good progress on a number of fronts in 2011, but we are clearly disappointed in the lack of growth in residential construction activity and the adverse impact it is having on performance. The mix of housing starts was not conducive to demand growth and there wasn't really any catalyst for price movement during the year. We succeeded in winning incremental business with several key customers during the year, which we expect to help our sales volumes in 2012,"said Tom Carlile, CEO.
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