BOISE, Idaho - Strong sales of plywood and engineered wood products bolstered Boise Cascade Company’s sales during the second quarter.
Boise Cascade reported a net income of $26.4 million on sales of $961.2 million for the second quarter ended June 30. Sales of wood products increased 25 percent, or $11.7 million, during the three month period, primarily driven by plywood and engineered wood product (EWP) increases. Plywood sales volumes increased 21 percent primarily due to the acquisition of two plywood manufacturing facilities on Sept. 30, 2013. EWP sales improved with I-joists and LVL sales volumes up 29 percent and 28 percent respectively, and I-joists and LVL sales prices up 8 percent and 4 percent, respectively. Improved lumber, particleboard, and byproduct sales also contributed to the increase in sales. These increases were offset partially by 8 percent lower plywood sales prices.
Boise Cascade officials said they expect demand to improve slightly during the remainder of the year, despite a slow housing industry. To avoid a glut of products on the market, officials said they will manage production levels to meet sales demand, which will likely result in operating some facilities below capacity until demand improves.
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