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Midas Edge

BOISE CASCADE Co

For the period ended Jun 30, 2025. Filed Aug 4, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 4, 2025

BCC$72.57+3.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Item 1. Financial Statements

Consolidated Statements of Operations

Three Months EndedJune 30Six Months EndedJune 30
2025202420252024
(thousands, except per-share data)
Sales$1,740,114$1,797,670$3,276,608$3,443,090
Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)1,441,4591,440,6802,717,6422,748,119
Depreciation and amortization37,40934,36774,53070,217
Selling and distribution expenses161,815149,783305,463293,893
General and administrative expenses26,47025,94351,46751,060
Other (income) expense, net(7,569)(84)(7,543)(162)
1,659,5841,650,6893,141,5593,163,127
Income from operations80,530146,981135,049279,963
Foreign currency exchange gain (loss)1,093(104)1,093(403)
Pension expense (excluding service costs)(32)(37)(65)(74)
Interest expense(5,183)(6,105)(10,495)(12,175)
Interest income4,62310,54310,13321,140
Change in fair value of interest rate swaps(435)(487)(925)(707)
663,810(259)7,781
Income before income taxes80,596150,791134,790287,744
Income tax provision(18,611)(38,499)(32,457)(71,328)
Net income$61,985$112,292$102,333$216,416
Weighted average common shares outstanding:
Basic37,68239,41237,84839,510
Diluted37,79539,60837,99939,766
Net income per common share:
Basic$1.64$2.85$2.70$5.48
Diluted$1.64$2.84$2.69$5.44
Dividends declared per common share$0.21$0.20$0.42$0.40

Consolidated Statements of Comprehensive Income

Three Months EndedJune 30Six Months EndedJune 30
2025202420252024
(thousands)
Net income$61,985$112,292$102,333$216,416
Other comprehensive income, net of tax
Defined benefit pension plans
Amortization of actuarial loss, net of tax of $2, $2, $4, and $4, respectively671215
Other comprehensive income, net of tax671215
Comprehensive income$61,991$112,299$102,345$216,431

Consolidated Balance Sheets

June 30,2025December 31,2024
(thousands)
ASSETS
Current
Cash and cash equivalents$481,019$713,260
Receivables
Trade, less allowances of $4,102 and $5,506462,312321,820
Related parties282173
Other18,05922,772
Inventories918,957803,296
Prepaid expenses and other30,42824,747
Total current assets1,911,0571,886,068
Property and equipment, net1,116,3431,047,083
Operating lease right-of-use assets53,17549,673
Finance lease right-of-use assets12,54922,128
Timber deposits7,2016,916
Goodwill171,945171,945
Intangible assets, net162,856173,027
Deferred income taxes3,4643,705
Other assets6,9218,838
Total assets$3,445,511$3,369,383

Consolidated Balance Sheets (continued)

June 30,2025December 31,2024
(thousands, except per-share data)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade$414,966$297,676
Related parties2,1731,315
Accrued liabilities
Compensation and benefits98,865127,415
Interest payable10,1459,957
Other119,039127,653
Total current liabilities645,188564,016
Debt
Long-term debt, net444,884446,167
Other
Compensation and benefits38,03142,006
Operating lease liabilities, net of current portion46,84743,174
Finance lease liabilities, net of current portion16,18026,883
Deferred income taxes81,18178,849
Other long-term liabilities21,14317,014
203,382207,926
Commitments and contingent liabilities
Stockholders' equity
Preferred stock, $0.01 par value per share; 50,000 shares authorized, no shares issued and outstanding——
Common stock, $0.01 par value per share; 300,000 shares authorized, 45,248 and 45,139 shares issued, respectively452451
Treasury stock, 7,793 and 6,956 shares at cost, respectively(428,732)(341,974)
Additional paid-in capital566,111565,041
Accumulated other comprehensive loss(448)(460)
Retained earnings2,014,6741,928,216
Total stockholders' equity2,152,0572,151,274
Total liabilities and stockholders' equity$3,445,511$3,369,383

Consolidated Statements of Cash Flows

Six Months EndedJune 30
20252024
(thousands)
Cash provided by (used for) operations
Net income$102,333$216,416
Items in net income not using (providing) cash
Depreciation and amortization, including deferred financing costs and other76,34171,832
Stock-based compensation7,0107,923
Pension expense6574
Deferred income taxes2,77811,088
Change in fair value of interest rate swaps925707
Other(11,181)115
Decrease (increase) in working capital, net of acquisitions
Receivables(133,103)(102,096)
Inventories(115,661)(120,976)
Prepaid expenses and other(7,750)(7,870)
Accounts payable and accrued liabilities86,24299,354
Income taxes payable(2,677)(6,251)
Other(628)(1,151)
Net cash provided by operations4,694169,165
Cash provided by (used for) investment
Expenditures for property and equipment(132,257)(74,099)
Acquisitions of businesses and facilities—(3,387)
Proceeds from sales of assets and other10,152819
Net cash used for investment(122,105)(76,667)
Cash provided by (used for) financing
Borrowings of long-term debt, including revolving credit facility50,000—
Payments of long-term debt, including revolving credit facility(50,000)—
Treasury stock purchased(87,746)(88,858)
Dividends paid on common stock(18,383)(19,069)
Tax withholding payments on stock-based awards(5,939)(11,117)
Payments of deferred financing costs(1,819)—
Other(943)(952)
Net cash used for financing(114,830)(119,996)
Net decrease in cash and cash equivalents(232,241)(27,498)
Balance at beginning of the period713,260949,574
Balance at end of the period$481,019$922,076

Consolidated Statements of Stockholders' Equity

Common Stock · Treasury Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Loss · Retained Earnings · Total
Shares · Amount · Shares · Amount
(thousands)
Balance at December 31, 202445,139$4516,956$(341,974)$565,041$(460)$1,928,216$2,151,274
Net income40,34840,348
Other comprehensive income66
Common stock issued10911
Treasury stock purchased483(53,884)(53,884)
Stock-based compensation3,7573,757
Common stock dividends ($0.21 per share)(8,060)(8,060)
Tax withholding payments on stock-based awards(5,938)(5,938)
Other(426)(1)(427)
Balance at March 31, 202545,248$4527,439$(396,284)$562,859$(454)$1,960,504$2,127,077
Net income61,98561,985
Other comprehensive income66
Treasury stock purchased354(32,127)(32,127)
Stock-based compensation3,2533,253
Common stock dividends ($0.21 per share)(7,815)(7,815)
Tax withholding payments on stock-based awards(1)(1)
Other(321)(321)
Balance at June 30, 202545,248$4527,793$(428,732)$566,111$(448)$2,014,674$2,152,057

Consolidated Statements of Stockholders' Equity (continued)

Common Stock · Treasury Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Loss · Retained Earnings · Total
Shares · Amount · Shares · Amount
(thousands)
Balance at December 31, 202344,983$4505,443$(145,335)$560,697$(517)$1,780,369$2,195,664
Net income104,124104,124
Other comprehensive income88
Common stock issued14411
Treasury stock purchased206(26,971)(26,971)
Stock-based compensation4,1054,105
Common stock dividends ($0.20 per share)(8,677)(8,677)
Tax withholding payments on stock-based awards(10,980)(10,980)
Other(71)(1)(72)
Balance at March 31, 202445,127$4515,649$(172,377)$553,821$(509)$1,875,816$2,257,202
Net income112,292112,292
Other comprehensive income77
Common stock issued3——
Treasury stock purchased472(61,887)(61,887)
Stock-based compensation3,8183,818
Common stock dividends ($0.20 per share)(7,680)(7,680)
Tax withholding payments on stock-based awards(160)(160)
Other(615)(1)(616)
Balance at June 30, 202445,130$4516,121$(234,879)$557,478$(502)$1,980,428$2,302,976
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.