Boise Cascade: 2Q Earnings Snapshot
BOISE, Idaho (AP) _ Boise Cascade L.L.C. (BCC) on Monday reported second-quarter profit of $41.8 million.
The Boise, Idaho-based company said it had net income of $1.06 per share. Earnings, adjusted for non-recurring costs, came to $1.29 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.
The engineered wood products and plywood company posted revenue of $1.41 billion in the period.
Boise Cascade shares have risen 10 percent since the beginning of the year. The stock has increased 46 percent in the last 12 months.