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Boise Cascade Company (NYSE: BCC) is a leading manufacturer and distributor of building materials in North America. The company operates through two integrated business segments, focusing on the production of engineered wood products and the wholesale distribution of a wide range of building materials. Its products are used in residential construction, repair-and-remodeling, and light commercial projects, serving customers across the United States.
- Building Materials Distribution (BMD) - Distributes a broad range of building materials, including commodity products like oriented strand board (OSB), plywood, and lumber; general line items such as siding, composite decking, doors, roofing, and insulation; and engineered wood products sourced from both internal manufacturing and third-party suppliers.
- Wood Products - Manufactures engineered wood products, including laminated veneer lumber (LVL), I-joists, and laminated beams, as well as plywood and ponderosa pine lumber. These products are used in residential housing, repair-and-remodeling, and light industrial construction.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Nate Jorgensen ExecutiveBoard | Chief Executive Officer (CEO) | Board Member at IDACORP, Inc. and Idaho Power Company. | Nate Jorgensen joined BCC in 2015 and became CEO in March 2020. He has over 30 years of industry experience and has held multiple leadership roles within BCC. | View Report → |
Jeff Strom Executive | Chief Operating Officer (COO) | Board of Trustees for Boise Valley Habitat for Humanity. | Jeff Strom joined BCC in 2006 and became COO in January 2025. He has held various leadership roles in the Building Materials Distribution division. | |
Jill Twedt Executive | Senior Vice President, General Counsel, and Secretary | None | Jill Twedt joined BCC in 2007 and became SVP, General Counsel, and Secretary in October 2020. She has a strong background in legal and corporate governance. | |
Joanna Barney Executive | Executive Vice President, Building Materials Distribution (BMD) | Founder and Executive Director of Utah Avalanche youth soccer club. | Joanna Barney joined BCC in 2005 and became EVP of BMD in February 2025. She has held multiple leadership roles in the BMD division and oversees 40+ distribution facilities. | |
Kelly Hibbs Executive | Senior Vice President, Chief Financial Officer, and Treasurer | None | Kelly Hibbs joined BCC in 2008 and became CFO in May 2021. He has extensive experience in financial operations and strategic planning. | |
Troy Little Executive | Executive Vice President, Wood Products | None | Troy Little has been with BCC since 1991 and became EVP of Wood Products in February 2024. He has extensive experience in finance, strategy, and operational leadership. | |
Amy Humphreys Board | Independent Director | None | Amy Humphreys has been a director at BCC since 2022. She has 25 years of experience in manufacturing, commodities, and global marketing and has held executive roles at Darigold and Bristol Bay. | |
Christopher McGowan Board | Independent Director | Adjunct Professor at University of Chicago Booth School of Business. | Christopher McGowan has been a director at BCC since 2013. He has extensive experience in private equity and investment banking and serves as Chair of the Audit Committee. | |
Craig Dawson Board | Independent Director | President and CEO of Retail Lockbox, Inc.. | Craig Dawson has been a director at BCC since 2022. He is the CEO of Retail Lockbox, Inc. and has served in leadership roles at the Federal Reserve Bank of San Francisco, Seattle Branch. | |
David Hannah Board | Lead Independent Director | None | David Hannah has been a director at BCC since 2014. He is a former CEO and Executive Chair of Reliance Steel & Aluminum Co. and brings strong financial expertise to the board. | |
Duane McDougall Board | Independent Director | Director at StanCorp Financial Group, Inc.. | Duane McDougall has been a director at BCC since 2013. He is a former CEO of Willamette Industries and has extensive experience in the forest products industry. | |
Karen Gowland Board | Independent Director | None | Karen Gowland has been a director at BCC since 2014. She previously served as General Counsel and Corporate Secretary at Boise Inc. and Boise Cascade, L.L.C.. | |
Kristopher Matula Board | Independent Director | Private Consultant. | Kristopher Matula has been a director at BCC since 2014. He is a former President and COO of Buckeye Technologies Inc. and has extensive experience in finance and governance. | |
Steven Cooper Board | Independent Director | CEO of TrueBlue, Inc.. | Steven Cooper has been a director at BCC since 2015. He is the CEO of TrueBlue, Inc. and has extensive experience in workforce management and financial oversight. | |
Sue Taylor Board | Independent Director | None | Sue Taylor has been a director at BCC since 2019. She is a former CIO of the Bill and Melinda Gates Foundation and has extensive experience in IT and operational excellence. | |
Thomas Carlile Board | Chairman of the Board | Director at IDACORP, Inc. and Idaho Power Company. | Thomas Carlile retired as CEO of BCC in 2015 and has served as Chairman of the Board since then. He has over 43 years of experience in the forest products industry. |
- Given the uncertainty surrounding potential tariffs on Canadian imports, particularly affecting EWP and OSB web-stock, how do you plan to mitigate the anticipated cost pressures and the risk of demand destruction due to affordability challenges?
- With intensified competition in the EWP market leading to price erosion, especially in light EWP products, what specific strategies are you implementing to maintain your market share and protect your margins in this challenging environment?
- Considering the trend towards smaller home sizes potentially reducing demand for products like I-joists, how are you adjusting your product mix and sales efforts to address this shift and its impact on your EWP volumes?
- You expect your BMD segment's EBITDA margins to erode in the first quarter due to an 8% decline in sales pace and lack of price appreciation tailwinds; what measures are you taking to counteract this margin pressure and improve profitability?
- With significant capital expenditures planned for 2025 and a focus on executing growth initiatives, how are you balancing these investments with returning capital to shareholders through buybacks and dividends, especially in light of potential M&A opportunities?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes in the engineered wood products (EWP) market and is one of the major North American producers. Also competes in the building materials distribution market. | |
Pacific Woodtech Corporation | Competes in the engineered wood products (EWP) market as one of the major North American producers. |
Roseburg Forest Products | Competes in both the engineered wood products (EWP) and plywood markets. It is one of the large producers in North America. |
Georgia-Pacific | The largest manufacturer of plywood in North America and a competitor in the plywood market. |
A competitor in the building materials distribution market. | |
Specialty Building Products Inc. | A competitor in the building materials distribution market. |
Dixie Plywood and Lumber | A competitor in the building materials distribution market. |
OrePac | A competitor in the building materials distribution market. |
Woodgrain Inc. | A competitor in the building materials distribution market. |
Capital Lumber | A competitor in the building materials distribution market. |
Canfor | A supplier of building materials, including lumber, to the company. |
A supplier of building materials, including metal products, to the company. | |
Hampton Lumber | A supplier of building materials, including lumber, to the company. |
Hoover Treated Wood Products | A supplier of treated wood products to the company. |
Huber Engineered Woods | A supplier of engineered wood products to the company. |
James Hardie Building Products | A supplier of siding and other building materials to the company. |
A supplier of doors and millwork to the company. | |
A supplier of building materials, including engineered wood products, to the company. | |
Steves & Sons | A supplier of doors to the company. |
Therma-Tru Doors | A supplier of doors to the company. |
A supplier of composite decking to the company. | |
West Fraser | A supplier of building materials, including lumber, to the company. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Builders FirstSource | Substantially all sales from this customer are recorded in BMD. | BMD | One of the two largest customers, each representing ~12% or ~10% of total 2024 sales. Top ten customers together account for 48% , and these two largest customers account for 19% and 11% of total receivables. |
Home Depot | Sales recorded across both WP and BMD segments. | All | One of the two largest customers, each representing ~12% or ~10% of total 2024 sales. Top ten customers together account for 48% , and these two largest customers account for 19% and 11% of total receivables. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Door and Millwork Operation | 2024 | Acquired by Boise Cascade Building Materials Distribution L.L.C. for $3.5 million (with $2.2 million paid upfront and $1.3 million in contingent liabilities) funded with cash on hand, aiming to expand Boise Cascade’s door and millwork capabilities in Boise, Idaho. |
Brockway-Smith Company (BROSCO) | 2023 | Acquired by Boise Cascade Company for $168 million (including $51 million in working capital adjustments) along with two full-scale distribution centers in Hatfield, Massachusetts and Portland, Maine; this deal, funded entirely with cash, strategically expands the company's door and millwork business in the Northeast while enhancing its general product mix. |
Coastal Plywood Company | 2022 | Acquired for $517 million (inclusive of $27 million in working capital adjustments) to obtain plywood manufacturing operations in Havana, Florida and Chapman, Alabama; this move, funded entirely with cash, bolsters Boise Cascade’s engineered wood products production in the Southeastern U.S., integrates approximately 750 employees, and includes plans for additional investments over three years. |