Boise Cascade, L.l.c. · NYSE:BCC
Boise Cascade, L.l.c — Q1 2026 Earnings Presentation
10 slides from Boise Cascade, L.l.c's earnings presentation, May 5, 2026
Slide 1: Quarterly Statistical Information: Building Materials Distribution Segment
Boise Cascade Company Quarterly Statistical Information Building Materials Distribution Segment 2026 Q1 Q2 Q3 Q4 YTD General line sales1 45.0 % 45.0 % Commodity sales1 35.5 % 35.5 % EWP sales1 19.5 % 19.5 % Total sales (000) $ 1,388,948 $ 1,388,948 Gross margin2 14.4 % 14.4 % Segment income (000) $
Slide 2: Quarterly Statistical Information (continued): 2024 and 2023
Boise Cascade Company Quarterly Statistical Information (continued) Building Materials Distribution Segment (continued) 2024 Q1 Q2 Q3 Q4 YTD General line sales1 41.0 % 42.4 % 43.8 % 42.4 % 42.4 % Commodity sales1 36.7 % 35.0 % 34.9 % 36.7 % 35.8 % EWP sales1 22.3 % 22.6 % 21.3 % 20.9 % 21.8 % Total
Slide 3: Quarterly Statistical Information (continued): 2022 and 2021
Boise Cascade Company Quarterly Statistical Information (continued) Building Materials Distribution Segment (continued) 2022 Q1 Q2 Q3 Q4 YTD General line sales1 29.1 % 32.9 % 35.3 % 37.1 % 33.3 % Commodity sales1 52.2 % 44.9 % 39.6 % 41.5 % 44.9 % EWP sales1 18.7 % 22.2 % 25.1 % 21.4 % 21.8 % Total
Slide 4: Quarterly Statistical Information (continued) footnotes
Boise Cascade Company Quarterly Statistical Information (continued) 8During 2022, capital spending in fourth quarter includes approximately $13 million to purchase a previously leased BMD property in Milton, Florida. 9During 2021, capital spending in fourth quarter includes approximately $15 million
Slide 5: Quarterly Statistical Information: Products Segment
Boise Cascade Company Quarterly Statistical Information (continued) Wood Products Segment 2026 Q1 Q2 Q3 Q4 YTD LVL sales volume (MCF) 4,562 4,562 I-joist sales volume (MELF) 51,950 51,950 Plywood sales volume (MSF 3/8") 373,342 373,342 Lumber sales volume (MBF) 21,022 21,022 LVL mill net sales price
Slide 6: Products Segment (continued): 2024
Boise Cascade Company Quarterly Statistical Information (continued) Wood Products Segment (continued) 2024 Q1 Q2 Q3 Q4 YTD LVL sales volume (MCF) 4,777 5,074 4,952 4,561 19,364 I-joist sales volume (MELF) 56,587 65,788 58,884 53,081 234,340 Plywood sales volume (MSF 3/8") 371,699 383,092 390,978 371
Slide 7: Products Segment (continued): 2022
Boise Cascade Company Quarterly Statistical Information (continued) Wood Products Segment (continued) 2022 Q1 Q2 Q3 Q4 YTD LVL sales volume (MCF) 4,641 4,586 5,190 3,176 17,593 I-joist sales volume (MELF) 65,362 69,467 64,421 30,130 229,380 Plywood sales volume (MSF 3/8") 316,941 280,594 328,586 392
Slide 8: Products Segment (continued) footnotes
Boise Cascade Company Quarterly Statistical Information (continued) Wood Products Segment (continued) 4Capital spending in 2022 excludes $515.2 million of cash paid for the acquisition of businesses and facilities. 8
Slide 9: Reconciliation of Non-GAAP Financial Measures
Boise Cascade Company Quarterly Statistical Information (continued) Reconciliation of Non-GAAP Financial Measures (in thousands) Total Boise Cascade Company EBITDA represents income before interest (interest expense and interest income), income taxes, and depreciation and amortization. Additionally,
Slide 10: Reconciliation of Non-GAAP Financial Measures (continued): 2023 and 2022
2023 Q1 Q2 Q3 Q4 YTD Net income $ 96,733 $ 146,320 $ 143,068 $ 97,535 $ 483,656 Interest expense 6,361 6,339 6,351 6,445 25,496 Interest income (9,685) (11,519) (13,760) (13,142) (48,106) Income tax provision 33,275 49,447 49,005 29,666 161,393 Depreciation and amortization 31,186 30,722 31,474 39,0