# Boise Cascade Company (BCC)

> Source: Nexqual · https://nexqual.com/BCC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Boise Cascade Company (BCC), nexqual.com/BCC" · informational, not investment advice.

**Price:** USD 78.29 (+3.57% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 75.59 · day 75.68–78.56 · 52w 65–91.97 · market cap $2.73B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.46B, net income $106M (1.6% margin), free cash flow $103M (SEC filings).
- Valuation: P/E 25.8x (avg 14.6x at the last 3 fiscal year-ends), EV/EBITDA 8.8x, net debt $144M.
- 3 of 80 tracked superinvestors hold BCC (13F, Q2 2026): 0 new, 2 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $666K; 3 not under a Rule 10b5-1 plan ($666K); 3 by opportunistic insiders (3 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.71 on a 1–5 scale) (7 analysts), mean target USD 93.17 (range 80–100).
- Total return with dividends: 1Y +10.1% vs S&P 500 +14.9%; 5Y +72.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 1.15, revenue estimate $1.76B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $7.93B | $8.39B | $6.84B | $6.72B | $6.40B | $6.46B |
| Operating income | $972M | $1.16B | $624M | $490M | $183M | $160M |
| Net income | $712M | $858M | $484M | $376M | $133M | $106M |
| EPS (diluted) | $17.97 | $21.56 | $12.12 | $9.57 | $3.53 | — |
| Free cash flow | $560M | $927M | $472M | $209M | $12.7M | $103M |
| Operating margin | 12.3% | 13.8% | 9.1% | 7.3% | 2.9% | 2.5% |
| Net margin | 9.0% | 10.2% | 7.1% | 5.6% | 2.1% | 1.6% |
| Revenue growth | +44.8% | +5.8% | -18.5% | -1.7% | -4.8% | — |
| Cash + short-term investments | $749M | $998M | $950M | $713M | $477M | — |
| Total debt | $445M | $444M | $445M | $446M | $445M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 25.8x · P/S 0.4x · EV/EBITDA 8.8x · EV/Sales 0.5x · P/FCF 26.4x · P/B 1.4x · FCF yield 3.78% · Earnings yield 3.87% · Dividend yield (paid, TTM) 1.26% · Buyback yield (TTM) 7.52% · Net debt $144M · EV $2.88B
P/E at fiscal year-ends: Dec 2025 20.8x, Dec 2024 12.4x, Dec 2023 10.7x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold BCC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Third Avenue Management |  | 7.47% | $46.7M | Added +7.1% |
| Bill Miller | Miller Value Partners | 0.68% | $2.9M | Unchanged |
| First Eagle Investment | First Eagle Investment Management | 0.03% | $15.0M | Added +13.4% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-27 | Twedt Jill | SVP General Counsel & Corp Sec | 1,250 | $99K | 4.7% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-05 | Matula Kristopher J | Director | 1,930 | $163K | 12.1% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-13 | Twedt Jill | SVP General Counsel & Corp Sec | 6,070 | $403K | 18.6% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.71 on a 1–5 scale), 7 analysts; mean target USD 93.17 (low 80, high 100).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | B of A Securities | Target lowered | Underperform | $89 → $80 |
| 2026-08-05 | DA Davidson | Target raised | Buy | $92 → $99 |
| 2026-08-05 | Goldman Sachs | Target raised | Neutral | $81 → $91 |
| 2026-07-14 | B of A Securities | Target raised | Underperform | $80 → $81 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +10.1% | +72.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +10.1% | +11.5% |
| Volatility (annualized) | 37.9% | 36.8% |
| Max drawdown | -27.9% (Feb 2026→May 2026) | -54.7% (Nov 2024→May 2026) |

## Peers (Lumber & Wood Production)
UFPI (UFP Industries, Inc.) USD 83.72 +4.66% · WFG (West Fraser Timber Co. Ltd) USD 69.68 +3.97% · SSD (Simpson Manufacturing Company, ) USD 186.92 +3.78% · GFI (Gold Fields Limited) USD 35.14 -4.51% · NTR (Nutrien Ltd.) USD 69.09 +1.42% · STLD (Steel Dynamics, Inc.) USD 239.9 -3.25%

## More
Full page: https://nexqual.com/BCC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Building Materials Distribution | $1.70B | 92.7% | +5.1% | $70.1M | 4.1% |
| Wood Products | $133.9M | 7.3% | +6.9% | $25.7M | 19.2% |
| Corporate costs (not allocated) | — | — | — | -$11.8M | — |
| Total revenue | $1.83B | 100% | — | $84.0M | 4.6% |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| General line | $796.3M | 43.5% | +8.5% |
| Commodity | $590.5M | 32.2% | +7.0% |
| Engineered wood products | $310.7M | 17.0% | -5.7% |
| Plywood and veneer | $72.7M | 4.0% | +18.0% |
| Byproducts | $15.7M | 0.9% | -0.6% |
| LVL | $14.2M | 0.8% | -0.7% |
| Lumber | $13.4M | 0.7% | +6.3% |
| Other | $8.0M | 0.4% | +23.1% |
| I-joists | $6.9M | 0.4% | -20.7% |
| Other engineered wood products | $3.0M | 0.2% | -47.4% |
| Total revenue | $1.83B | 100% | — |

## Customer concentration

Period ended 2026-06-30: 9% of revenue from unnamed direct customers (10-Q, filed 2026-08-03).

## Company outlook (8-K filed 2026-08-03)

- "We will continue to monitor end market demand signals and align production rates and inventory stocking positions accordingly. 3 We are providing financial guidance for third quarter 2026 as set forth in the table below."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.15 | $1.27 | -9.5% | $1.76B | 6 |
| Next quarter (ends 2026-12-31) | $0.65 | $0.78 | -16.5% | $1.54B | 6 |
| Current fiscal year (ends 2026-12-31) | $3.91 | $3.73 | +4.8% | $6.63B | 6 |
| Next fiscal year (ends 2027-12-31) | $5.22 | $5.46 | -4.4% | $6.88B | 6 |