Boise Cascade Company reported net income of $41.8 million, or $1.06 per share, on sales of $1.4 billion for the 2Q ended June 30, 2018. 2Q 2018 results include $9.0 million of net after-tax losses, or $0.23 per share, from non-cash pension settlement charges.

“Both of our businesses delivered outstanding results in the second quarter. Wood Products made very good progress on engineered wood products pricing and took advantage of exceptionally strong plywood markets. BMD executed well and captured market opportunities at both the local and national level,” commented Tom Corrick, CEO. “I am very pleased that we further strengthened our nationwide distribution capabilities with the acquisitions in Nashville, Tennessee, and Medford, Oregon. Similar acquisitions remain a priority. As reflected by these acquisitions and our board’s decision to declare an additional dividend of $1.00 per share this quarter, we continue to have a strong focus on deploying capital to create shareholder value.”

Boise Cascade Company is one of the largest producers of engineered wood products and plywood in North America and a leading U.S. wholesale distributor of building products.

Photo: Tom Corrick, CEO Boise Cascade