Boise Cascade Company (BCC) Q3 2024 Earnings Call Transcript Summary
Boise Cascade Company (BCC) Q3 2024 Earnings Call Transcript Summary
Wood Products segment EBITDA was $77.4 million, down from $122.9 million, mainly due to lower sales prices for EWP and plywood, and higher conversion costs.The following is a summary of the Boise Cascade Company (BCC) Q3 2024 Earnings Call Transcript:
以下是 Boisecascade 公司(BCC) 2024年第三季度業績會交流摘要：
Financial Performance:
財務表現:
Boise Cascade reported Q3 total sales of $1.7 billion, a decrease of 7% from the previous year.
Net income for Q3 was $91 million or $2.33 per share, down from $143.1 million or $3.58 per share in the previous year.
Wood Products segment EBITDA was $77.4 million, down from $122.9 million, mainly due to lower sales prices for EWP and plywood, and higher conversion costs.
Building Materials Distribution (BMD) segment sales were $1.6 billion, down 6% with a reported EBITDA of $87.7 million compared to $104.9 million in the prior year.
博伊西卡斯喀公司報告第三季度總銷售額爲17億美元，比去年同期下降7%。
第三季度淨利潤爲9100萬美元，每股2.33美元，低於上一年的淨利潤14310萬美元，每股3.58美元。
木製品部門EBITDA爲7740萬美元，較上一年的12290萬美元下降，主要是由於EWP和膠合板銷售價格下降，以及轉換成本上升。
建築材料分銷(BMD)部門銷售額爲16億美元，下降6%，報告的EBITDA爲8770萬美元，低於前一年的10490萬美元。
Business Progress:
業務進展:
Boise Cascade continues capital deployment with $136 million spent on capital expenditures across Wood Products and BMD in the first nine months of 2024, focusing on growth projects and equipment delays.
The company is pursuing organic growth opportunities and returning capital to shareholders, expecting to increase spending significantly in the fourth quarter.
博伊西卡斯喀公司繼續在2024年前九個月在木製品和建築材料分銷方面部署資金，重點放在增長項目和設備延遲上，已花費13600萬美元的資金支出。
公司正追求有機增長機會，並向股東返還資本，預計第四季度支出將顯著增加。
Opportunities:
機會：
The company targets areas with expected modest growth in home improvement spending and development of new residential construction. They also expect stable growth in 2025 driven by the older US housing stock and high homeowner equity levels.
公司將重點關注預期在家居改善支出和新的住宅施工領域中有適度增長的區域。他們還預計，由於美國老舊住房存量和高居民財產所有權水平的推動，2025年穩定增長。
Risks:
風險：
Boise Cascade faces potential seasonal sales declines and anticipates single-digit sequential price declines in EWP and plywood pricing for Q4. Additionally, housing affordability issues and economic uncertainties might constrain demand.
boise cascade面臨潛在的季節性銷售下滑，並預計Q4 EWP和膠合板價格將出現單位數順序下滑。此外，住房可負擔性問題和經濟不確定性可能會限制需求。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
