BOISE CASCADE Co

For the period ended Sep 30, 2026. Filed Nov 2, 2026.

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.

Sep 30, 2026 · Filed Nov 2, 2026

BCC$70.42-3.0%Stored close · as of Nov 10, 2026

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

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Contents

Item 1. Financial Statements

Consolidated Statements of Operations

	Three Months EndedSeptember 30		Nine Months EndedSeptember 30
	2026	2025	2026	2025
(thousands, except per-share data)
Sales	$1,802,174	$1,667,806	$5,132,123	$4,944,414
Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	1,506,573	1,404,311	4,265,105	4,121,953
Depreciation and amortization	42,732	42,378	124,499	116,908
Selling and distribution expenses	172,720	165,074	496,951	470,537
General and administrative expenses	24,605	25,763	78,171	77,230
Other (income) expense, net	(295)	(2,049)	(203)	(9,592)
	1,746,335	1,635,477	4,964,523	4,777,036
Income from operations	55,839	32,329	167,600	167,378
Foreign currency exchange gain (loss)	(52)	(293)	(713)	800
Pension expense (excluding service costs)	(30)	(33)	(90)	(98)
Interest expense	(7,092)	(5,327)	(20,217)	(15,822)
Interest income	2,124	4,181	7,213	14,314
Change in fair value of interest rate swaps	—	—	—	(925)
	(5,050)	(1,472)	(13,807)	(1,731)
Income before income taxes	50,789	30,857	153,793	165,647
Income tax provision	(14,399)	(9,088)	(42,219)	(41,545)
Net income	$36,390	$21,769	$111,574	$124,102
Weighted average common shares outstanding:
Basic	34,962	37,385	35,357	37,692
Diluted	35,002	37,509	35,400	37,828
Net income per common share:
Basic	$1.04	$0.58	$3.16	$3.29
Diluted	$1.04	$0.58	$3.15	$3.28
Dividends declared per common share	$0.23	$0.22	$0.67	$0.64

Consolidated Statements of Comprehensive Income

	Three Months EndedSeptember 30		Nine Months EndedSeptember 30
	2026	2025	2026	2025
(thousands)
Net income	$36,390	$21,769	$111,574	$124,102
Other comprehensive income, net of tax
Defined benefit pension plans
Amortization of actuarial loss, net of tax of $3, $2, $8, and $6, respectively	7	6	21	18
Other comprehensive income, net of tax	7	6	21	18
Comprehensive income	$36,397	$21,775	$111,595	$124,120

Consolidated Balance Sheets

	September 30,2026	December 31,2025
(thousands)
ASSETS
Current
Cash and cash equivalents	$385,148	$477,215
Receivables
Trade, less allowances of $5,534 and $5,618	454,078	315,944
Related parties	368	86
Other	27,873	24,698
Inventories	931,436	795,724
Prepaid expenses and other	24,078	40,751
Total current assets	1,822,981	1,654,418
Property and equipment, net	1,134,915	1,157,261
Operating lease right-of-use assets	63,809	55,980
Finance lease right-of-use assets	40,133	11,825
Timber deposits	10,479	8,058
Goodwill	185,239	185,384
Intangible assets, net	144,186	159,665
Deferred income taxes	2,597	3,041
Other assets	6,626	6,311
Total assets	$3,410,965	$3,241,943

Consolidated Balance Sheets (continued)

	September 30,2026	December 31,2025
(thousands, except per-share data)
LIABILITIES AND STOCKHOLDERS' EQUITY
Current
Accounts payable
Trade	$370,757	$254,622
Related parties	2,837	915
Accrued liabilities
Compensation and benefits	137,104	103,066
Interest payable	5,293	10,176
Other	130,555	124,297
Total current liabilities	646,546	493,076
Debt
Long-term debt, net	448,668	445,405
Other
Compensation and benefits	36,795	39,354
Operating lease liabilities, net of current portion	57,096	49,778
Finance lease liabilities, net of current portion	43,764	15,631
Deferred income taxes	101,261	105,551
Other long-term liabilities	24,129	18,270
	263,045	228,584
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, 34,868 and 36,190 shares issued and outstanding, respectively	349	362
Additional paid-in capital	575,155	571,220
Accumulated other comprehensive loss	(455)	(476)
Retained earnings	1,477,657	1,503,772
Total stockholders' equity	2,052,706	2,074,878
Total liabilities and stockholders' equity	$3,410,965	$3,241,943

Consolidated Statements of Cash Flows

	Nine Months EndedSeptember 30
	2026	2025
(thousands)
Cash provided by (used for) operations
Net income	$111,574	$124,102
Items in net income not using (providing) cash
Depreciation and amortization, including deferred financing costs and other	127,208	119,634
Stock-based compensation	10,180	10,068
Deferred income taxes	(3,962)	11,243
Change in fair value of interest rate swaps	—	925
Other	(237)	(11,238)
Decrease (increase) in working capital, net of acquisitions
Receivables	(141,559)	(111,725)
Inventories	(135,712)	(42,462)
Prepaid expenses and other	(3,764)	(7,336)
Accounts payable and accrued liabilities	167,193	38,693
Income taxes payable	21,508	(6,248)
Other	(6,108)	(2,524)
Net cash provided by operations	146,321	123,132
Cash provided by (used for) investment
Expenditures for property and equipment	(90,351)	(187,447)
Acquisitions of businesses and facilities	(135)	—
Proceeds from sales of assets and other	890	11,051
Net cash used for investment	(89,596)	(176,396)
Cash provided by (used for) financing
Borrowings of long-term debt, including revolving credit facility	—	50,000
Payments of long-term debt, including revolving credit facility	—	(50,000)
Repurchase of common stock	(114,537)	(112,702)
Dividends paid on common stock	(26,103)	(26,582)
Tax withholding payments on stock-based awards	(6,244)	(5,939)
Payments of deferred financing costs	—	(1,819)
Other	(1,908)	(1,184)
Net cash used for financing	(148,792)	(148,226)
Net decrease in cash and cash equivalents	(92,067)	(201,490)
Balance at beginning of the period	477,215	713,260
Balance at end of the period	$385,148	$511,770

Consolidated Statements of Stockholders' Equity

Common Stock · Additional Paid-In Capital · Accumulated Other Comprehensive Loss · Retained Earnings · Total
Shares · Amount
(thousands)
Balance at December 31, 2025	36,190	$362		$571,220		$(476)			$1,503,772		$2,074,878
Net income					17,842			17,842
Other comprehensive income				7				7
Common stock issued	144	1							1
Repurchase of common stock	(831)	(8)					(66,042)			(66,050)
Stock-based compensation			3,458					3,458
Common stock dividends ($0.22 per share)					(7,958)			(7,958)
Tax withholding payments on stock-based awards			(6,244)					(6,244)
Other			(1)					(1)
Balance at March 31, 2026	35,503	$355		$568,433		$(469)			$1,447,614		$2,015,933
Net income					57,342			57,342
Other comprehensive income				7				7
Repurchase of common stock	(574)	(6)					(43,191)			(43,197)
Stock-based compensation			3,383					3,383
Common stock dividends ($0.22 per share)					(7,803)			(7,803)
Balance at June 30, 2026	34,929	$349		$571,816		$(462)			$1,453,962		$2,025,665
Net income					36,390			36,390
Other comprehensive income				7				7
Repurchase of common stock	(61)	—					(4,570)			(4,570)
Stock-based compensation			3,339					3,339
Common stock dividends ($0.23 per share)					(8,125)			(8,125)
Balance at September 30, 2026	34,868	$349		$575,155		$(455)			$1,477,657		$2,052,706

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, 2024	45,139	$451		6,956			$(341,974)		$565,041		$(460)			$1,928,216		$2,151,274
Net income									40,348		40,348
Other comprehensive income								6			6
Common stock issued	109	1										1
Treasury stock purchased			483		(53,884)							(53,884)
Stock-based compensation						3,757					3,757
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, 2025	45,248	$452		7,439			$(396,284)		$562,859		$(454)			$1,960,504		$2,127,077
Net income									61,985		61,985
Other comprehensive income								6			6
Treasury stock purchased			354		(32,127)							(32,127)
Stock-based compensation						3,253					3,253
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, 2025	45,248	$452		7,793			$(428,732)		$566,111		$(448)			$2,014,674		$2,152,057
Net income									21,769		21,769
Other comprehensive income								6			6
Repurchase of common stock	(292)	(3)								(25,203)			(25,206)
Treasury stock retirement	(7,793)	(78)		(7,793)			428,732					(428,654)			—
Stock-based compensation						3,058					3,058
Common stock dividends ($0.22 per share)									(8,299)		(8,299)
Balance at September 30, 2025	37,163	$371		—			$—		$569,169		$(442)			$1,574,287		$2,143,385

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