In 1Q2017 Boise Cascade Company reported 40% increase of Adjusted EBITDA amid 11% growth of sales y-o-y. According to the announcement, the company’s sales accounted for USD 974.4 million, generating Adjusted EBITDA of USD 40.5 million in the period (4.2% margin).
Tom Corrick, CEO of Boise Cascade, commented:
“We reported another quarter with strong engineered wood products sales growth from the combined capabilities of our manufacturing and distribution businesses. We continue to believe that our expanded manufacturing footprint allows us to support the growth of our customers in both businesses and provides a unique value proposition in the marketplace. We remain focused on growing our internal veneer production and using an increasing percentage of our veneer for high-value EWP production. Beyond EWP, the overall demand and commodity price environment provided some tailwinds in the first quarter, and I am pleased with the financial results.”
In 4Q2016 Boise Cascade reported 25.1% decrease of Adjusted EBITDA amid 4.9% sales growth in 4Q2016 y-o-y.
About Boise Cascade Company:
The company is one of the largest producers of plywood and engineered wood products in North America and a leading U.S. wholesale distributor of building products.