Boise Cascade, L.L.C. (BCC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Dave, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Boise Cascade's Second Quarter twenty twenty six Earnings Conference Call. All lines have been placed on mute to prevent any background noise. Please note this event is being recorded. I would now like to turn the conference over to Chris Forrie, Senior Vice President, Finance and Investor Relations. Mr. Forry, you may begin your conference. Good morning, everyone. I would like to welcome you to Boise Cascade's Second Quarter twenty twenty six Earnings Call and Business Update. Joining me on today's call are Jeff Strum, our CEO Kelly Hitt, our CFO Joe Barney, leader of our Building Materials Distribution Operations and Troy Little, leader of our Wood Products Operations. Turning to slide two, this call will contain forward looking statements. Please review the warning statements in our press release, on the presentation slides and in our filings with the SEC regarding the risks associated with these forward looking statements. Also, please note that the appendix includes reconciliations from our GAAP net income to EBITDA and adjusted EBITDA and segment income to segment EBITDA. I will now turn the call over to Jeff. Thanks, Chris. Good morning, everyone, and thank you for joining us for our earnings call. I'm on slide three. In the second quarter, total U. S. Housing starts and single family housing starts decreased 14%, respectively, compared to prior year quarter. Our consolidated second quarter sales increased 5% year over year to $1,800,000,000 Our net income and earnings per share were $57,300,000 and $1.63 per share, both higher than the prior year quarter when excluding gains on asset sales reflected in prior year results. I'm p...