10-Q · August 3, 2026
Boise Cascade reported Q2 revenue of $1.831 billion and diluted EPS of $1.63, representing strong sequential improvement from Q1 and a beat of the provided $1.14 EPS consensus estimate. Revenue rose 5.3% year over year,…
Earnings analysis · 10-Q
BCC earnings analysis
Filed November 2, 2026 · Our reading of the company's report
The latest report
Boise Cascade delivered $1.802 billion of third-quarter revenue, approximately 8.0% above Q3 2025 and 2.4% above the $1.760 billion consensus estimate, but diluted EPS of $1.04 missed the $1.13 estimate by approximately…
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Boise Cascade delivered $1.802 billion of third-quarter revenue, approximately 8.0% above Q3 2025 and 2.4% above the $1.760 billion consensus estimate, but diluted EPS of $1.04 missed the $1.13 estimate by approximately 8.0%. Wood Products profitability improved materially, while BMD income declined 6% year over year. The principal newly disclosed risk is the transition from a terminated primary composite decking supplier to a replacement supplier, which may affect product availability, customer retention, inventory values, sales, and profitability.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.04
- Segment
- BMD: income declined 6% year over year; reported segment revenue was not provided in the supplied filing text.
- Segment
- Wood Products: profitability improved materially; the supplied filing text does not provide a quantified year-over-year change.
What stood out
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Revenue grew year over year
Third-quarter revenue was $1.802 billion, up approximately 8.0% from $1.67 billion in Q3 2025, although it declined approximately 1.5% from $1.83 billion in Q2 2026.
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EPS recovered year over year
Diluted EPS was $1.04 versus the $1.13 consensus estimate, an $0.09 miss or approximately 8.0%; EPS increased from $0.58 in Q3 2025 but declined from $1.63 in Q2 2026.
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Wood Products offset BMD pressure
BMD income declined 6% year over year, while Wood Products profitability improved materially according to the related quarterly discussion.
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Share repurchases continued
The company repurchased 61,435 shares in Q3 at an average price of $74.08, leaving $125.84 million available under the $300.0 million authorization.
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Controls remained effective
Management concluded that disclosure controls were effective as of September 30, 2026, and reported no material changes to internal controls during the quarter.
What to watch
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Composite decking supplier transition
On July 13, 2026, the company received notice terminating its relationship with its primary composite decking supplier; a replacement agreement became effective July 31, 2026. Management warns the transition may cause product disruptions, customer losses, discounts, inventory write-offs, and lower sales and profitability.
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BMD profitability pressure
BMD income declined 6% year over year, indicating pressure from higher selling and distribution expenses despite revenue growth to $1.802 billion companywide.
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Capital allocation and liquidity
The company repurchased 61,435 shares during Q3, reducing the remaining authorization from $127.60 million at July 31 to $125.84 million at September 30; continued repurchases could constrain liquidity if operating cash generation weakens.
Management's outlook
The supplied 10-Q text does not provide numeric revenue or EPS guidance. The related November 2, 2026 earnings release provided fourth-quarter EBITDA guidance of $32 million-$54 million, including BMD EBITDA of $35 million-$45 million, Wood Products EBITDA of $10 million-$20 million, and unallocated corporate costs of $11 million-$13 million; no comparable prior outlook was disclosed.
Earlier filings 4
10-Q · May 4, 2026
Boise Cascade Company reported strong results for Q1 2026, with revenue of $1.499 billion and an EPS of $0.50, both exceeding analyst expectations. The company's profitability improved with a notable increase in gross…
10-K · February 24, 2026
Boise Cascade describes a strategy built on an integrated distribution + manufacturing model, shifting sales mix toward higher‑margin general line and engineered wood products (EWP) while investing in mill…
10-Q · August 4, 2025
Boise Cascade reported Q2 sales of $1.740B, down vs. prior-year quarter but up sequentially; diluted EPS was $1.64 (miss vs. $1.72 consensus). Gross margin and operating margin remain compressed vs. year-ago (17.2% and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.