Boise Cascade, L.l.c. · NYSE:BCC
Boise Cascade, L.l.c — Q2 2026 Earnings Presentation
17 slides from Boise Cascade, L.l.c's earnings presentation, Aug 4, 2026
Slide 1: Second Quarter 2026 Earnings Webcast
Boise Cascade Company Second Quarter 2026 Earnings Webcast August 4, 2026
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES This presentation contains statements concerning future events and expectations, including, without limitation, statements relating to our outlook, expected key drivers for Boise Cascade and each of its business segments, and the transition
Slide 3: Executive Summary
EXECUTIVE SUMMARY BOISE CASCADE COMPANY RESULTS 2Q26 sales were $1.8 billion, up 5% from 2Q25 2Q26 net income was $57.3 million or $1.63 per share Both segments delivered outstanding results despite uneven operating environment Boise Cascade and James Hardie Expand Nationwide Distribution Partnershi
Slide 4: Boise Cascade and James Hardie: Agreement and Strategic Fit
Boise Cascade and James Hardie: Agreement and Strategic Fit • Sole nationwide distributor of James Hardie's market-leading products including Hardie® siding and trim, AZEK® Exteriors, and TimberTech® decking and railing • Extensive conversion opportunities powered by each of our industry-leading sal
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS Sales Adjusted EBITDA ($ Millions) ($ Millions) 5% $1,831.3 6% $1,740.1 $126.2 $119.0 1,697.5 85.6 1,614.9 91.8 447.2 459.6 52.4 37.3 (322.0) (325.8) (10.1) (11.8) 2Q 2025 2Q 2026 2Q 2025 2Q 2026 BMD Wood Eliminations BMD Wood Corporate 5
Slide 6: Building Materials Distribution Sales
BUILDING MATERIALS DISTRIBUTION SALES ($ Millions) (% of Sales) $1,800 1,697 100 1,615 18 $1,600 1,556 21 20 19 19 20 1,407 1,389 1,363 80 $1,400 $1,200 34 34 35 35 60 37 35 $1,000 $800 40 $600 $400 42 46 47 46 45 47 20 $200 $0 0 1Q 2Q 3Q 4Q 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 2025 2026 General Line Commo
Slide 7: Building Materials Distribution EBITDA
BUILDING MATERIALS DISTRIBUTION EBITDA (EBITDA % of Sales) 5.7% 5.0% 4.5% 4.5% 4.1% 5.7% 3.5% 4.7% 4.3% 1Q 2Q 3Q 4Q 1Q 2Q 2024 2025 YTD Q2 2026 2025 2026 - - - 2015 - 2019 Average (3.1%) 7
Slide 8: Wood Products EWP
WOOD PRODUCTS EWP LVL I-joists (mmcf) (mmelf) 6.0 5.5 5.3 70 62 61 5.0 4.6 4.6 4.6 60 55 53 4.2 52 4.0 50 45 40 3.0 30 2.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q ($/cf) ($/melf) $2,000 $32 1,833 1,801 $28 26.09 $1,800 1,700 1,679 1,684 1,683 24.22 25.2224.10 24.03 24.13 $24 $1,600 $20 $1,400 $16 $1,200 $12 $1,000
Slide 9: Wood Products Plywood
WOOD PRODUCTS PLYWOOD Sales Volume Net Sales Price (mmsf 3/8" basis) ($/msf 3/8" basis) 393 450 $400 400 387 341 343 342 363 373 356 368 354 325 329 350 $300 300 250 $200 200 150 100 $100 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2025 2026 9
Slide 10: Capital Allocation
CAPITAL ALLOCATION LTM ended June 30, 2026 M&A Dividends SECOND QUARTER 2026 • $23M allocated to sustaining the business $34M ◦ $8M in BMD $34M ◦ $15M in Wood Products $172M Capital • $8M in dividend payments to shareholders Deployment LTM 2Q26 • $44M to repurchase common shares $205M Share Capital
Slide 11: Outlook: Q3 2026
OUTLOOK: Q3 2026 Segment Adjusted EBITDA Key Drivers Quarter-to-date pace consistent with Q2 average, Daily Sales Pace expected to moderate based on end market signals and supplier transition activities Building Materials $53 - $68 million Distribution Sales Days 64 14.0% - 14.75% Inclusive of estim
Slide 12: Business Outlook
BUSINESS OUTLOOK 2026 economic and end market uncertainty • Geopolitical and economic instability • Mortgage rates volatile and consumer sentiment drags Integration and long-term value creation Positive long-term fundamentals for the industry Boise Cascade and James Hardie: Two Great Companies. Buil
Slide 13: Appendix
Boise Cascade Company Appendix August 4, 2026
Slide 14: Appendix: Net Income to Adjusted EBITDA Reconciliation
APPENDIX EBITDA represents income before interest (interest expense and interest income), income taxes, and depreciation and amortization. Additionally, we disclose Adjusted EBITDA, which further adjusts EBITDA to exclude the change in fair value of interest rate swaps. The following table reconcile
Slide 15: Appendix: Segment Income to Segment EBITDA Reconciliation
APPENDIX The following table reconciles segment income to segment EBITDA for the three months ended June 30, 2026 and 2025, and March 31, 2026: Three Months Ended ($ in millions) 2Q26 2Q25 1Q26 Building Materials Distribution Segment income $ 70.1 $ 78.0 $ 32.9 Depreciation and amortization 15.5 13.
Slide 16: Appendix: Lumber Composite Price
APPENDIX LUMBER COMPOSITE PRICE First Quarter Second Quarter Third Quarter Fourth Quarter $600 $500 $400 $300 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 Source: Random Lengths 2024 2025 2026 16
Slide 17: Appendix: Panel Composite Price
APPENDIX PANEL COMPOSITE PRICE First Quarter Second Quarter Third Quarter Fourth Quarter $800 $700 $600 $500 $400 $300 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 Source: Random Lengths 2024 2025 2026 17