The EPS beat may provide short-term support, but underlying weakness in revenue and earnings persists, with single-family housing starts still declining. Traders should watch the Q2 EBITDA guidance as a key barometer; if housing data improves, the stock could re-rate. The aggressive buyback program offers downside protection but does not fix the cyclical headwinds.
Price Chart
Executive Summary
Boise Cascade reported Q1 2026 GAAP EPS of $0.50, beating the $0.43 consensus by 16%, on revenue of $1.50B (down 2% YoY, slightly below expectations). Net income fell 56% to $17.8M and Adjusted EBITDA dropped 27% to $66.6M, as single-family housing starts declined 5%. The EPS beat was aided by aggressive share repurchases ($65.5M in Q1, reducing share count 5.5% YoY). Q2 2026 Adjusted EBITDA guidance of $83-$115M suggests sequential improvement but remains below the prior year's $119M.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP diluted EPS $0.50 vs consensus $0.43 (beat by 16.3%)
- Revenue $1.50B, down 2% YoY from $1.54B
- Net income $17.8M, down 56% from $40.3M
- Adjusted EBITDA $66.6M, down 27% from $91.6M
- Q2 2026 guidance: Adjusted EBITDA $83-$115M vs Q2 2025 actual $119M
- Repurchased 830,751 shares for $65.5M in Q1, +312,894 shares in April for ~$25M
Financial Impact
EPS beat by $0.07, but revenue declined and net income halved; buybacks provide support
Risk Factors
- Persistent decline in single-family housing starts (down 5% YoY)
- Geopolitical turmoil and mortgage rate volatility pressuring demand
- Falling commodity prices (LVL, I-joists) compressing margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001328581-26-000015 |
| Document: bccexhibit9923312026.htm | 0001328581-26-000015 |
| Document: bcc-20260430.htm | 0001328581-26-000015 |
| Document: 0001328581-26-000015-index-headers.html | 0001328581-26-000015 |
| Document: 0001328581-26-000015-index.html | 0001328581-26-000015 |
| Document: 0001328581-26-000015.txt | 0001328581-26-000015 |
| 8-K Data (Synthetic) | 0001328581-26-000015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | Institutional Cluster | $84.25 $75.05 | ▼ −10.92% | ▼ −9.02% | $74.99 (−10.99%) |
May 4, 2026 21w ago | 8-K | $72.13 $69.22 | ▼ −4.03% | ▼ −8.99% | $74.99 (+3.97%) |
Mar 17, 2026 28w ago | DEFA14A | $71.84 $78.80 | ▲ +9.69% | ▲ +3.64% | $74.99 (+4.38%) |
US Market Status
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