Boise Cascade Appoints Jeff Strom as New CEO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2025
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Should l Buy BCC?
Boise Cascade announced that Nate Jorgensen, Chief Executive Officer, plans to retire effective March 2, 2026. The board of directors has unanimously appointed Jeff Strom, Chief Operating Officer, to succeed Jorgensen effective March 3, 2026. Jorgensen will continue to serve as a director on the Company's board after his retirement. The Company does not plan to backfill the chief operating officer role after the transition. "This is a planned transition and part of the Company's deliberate and long-term succession planning process to ensure stability and continued momentum in our strategy and operations," said Tom Carlile, Chair of Boise Cascade's board. "On behalf of the entire board of directors, I extend our gratitude to Nate Jorgensen for his outstanding leadership. Nate has led with steadfast integrity and remarkable vision for the last six years, guiding the Company through a global pandemic and tremendous growth. The positive impact of his leadership will extend far beyond his tenure as CEO."
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Analyst Views on BCC
Wall Street analysts forecast BCC stock price to rise
3 Analyst Rating
2 Buy
0 Hold
1 Sell
Moderate Buy
Current: 72.760
Low
81.00
Averages
89.33
High
95.00
Current: 72.760
Low
81.00
Averages
89.33
High
95.00
About BCC
Boise Cascade Company is a United States wholesale distributor of building materials and a manufacturer of engineered wood products (EWP) and plywood in North America. The Company’s segments include Building Materials Distribution and Wood Products. Building Materials Distribution segment (BMD) operates a nationwide network of distribution facilities that sell a broad line of building materials, including oriented strand board (OSB), plywood, and lumber; general line items such as siding, composite decking, doors and millwork, metal products, roofing, and insulation, and EWP. Wood Products segment manufactures laminated veneer lumber (LVL), I-joists, and laminated beams. It manufactures structural, appearance, and industrial grade plywood panels, and ponderosa pine lumber. Its products are used in the construction of new residential housing, including single-family, multi-family, and manufactured homes, the repair-and-remodeling of existing housing, and other industrial applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Boise Cascade Q1 2026 Earnings Call Insights
- Sales Performance Review: Boise Cascade reported Q1 sales of $1.5 billion and net income of $17.8 million, translating to earnings per share of $0.50, demonstrating resilience amid demand uncertainty driven by geopolitical events and severe weather.
- Cost Pressure Analysis: BMD's sales were $1.4 billion, down 1% year-over-year, with EBITDA at $48.2 million, primarily impacted by an $8.2 million increase in selling and distribution expenses and a $6.5 million decrease in gross margin dollars, reflecting intensified market competition.
- Future Outlook: Management guided Q2 EBITDA ranges of $65 million to $80 million for BMD and $32 million to $47 million for Wood Products, indicating cautious optimism regarding market demand while acknowledging ongoing uncertainties.
- Capital Allocation Update: Q1 capital expenditures totaled $40 million, with dividends of $10 million and share repurchases of approximately $66 million, leaving about $148 million remaining under authorization, highlighting the company's commitment to maintaining financial flexibility while returning value to shareholders.
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Boise Cascade (BCC) Q1 2026 Earnings Transcript
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Boise Cascade (BCC) Q1 2025 Earnings Transcript
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Boise Cascade Reports Q1 2026 Financial Results
- Earnings Performance: Boise Cascade reported a GAAP EPS of $0.50 for Q1 2026, demonstrating resilience in profitability despite market challenges, indicating the company's ability to navigate the current economic landscape.
- Revenue Overview: The company generated $1.49 million in revenue for the first quarter, which, while fluctuating compared to historical data, reflects a stable income level, showcasing its stability within the industry.
- Liquidity Position: As of March 31, 2026, Boise Cascade had $338.7 million in cash and cash equivalents along with $395.1 million in undrawn bank line availability, totaling $733.8 million in liquidity, providing robust support for future investments and operations.
- Capital Expenditure Plans: The company anticipates capital expenditures of approximately $150 million to $170 million in 2026, excluding potential acquisition spending, indicating a commitment to necessary investments for future growth.
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Boise Cascade to Announce Q1 Earnings on May 5th
- Earnings Announcement: Boise Cascade (BCC) is set to release its Q1 2023 earnings on May 5th before market open, with consensus EPS estimate at $0.43 and revenue expected at $1.46 billion, reflecting a 5.2% year-over-year decline.
- Performance Expectations: Over the past year, BCC has beaten EPS estimates 75% of the time and revenue estimates 75% of the time, indicating a strong track record of financial performance and market confidence.
- Estimate Revision Trends: In the last three months, EPS estimates have seen five upward revisions and one downward revision, while revenue estimates have experienced two upward revisions and five downward revisions, highlighting market uncertainty regarding the company's short-term outlook.
- EBITDA Target: Boise Cascade has set a Q1 EBITDA target of $45 million to $55 million amid leadership transitions, emphasizing the potential short-term challenges while maintaining a focus on margin improvement.
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Boise Cascade Company Set to Report Earnings After Market Close
- Earnings Forecast: Boise Cascade Company is set to report earnings after market close on Monday, with market expectations indicating a 4.2% year-on-year revenue decline, an improvement from the 6.6% drop recorded in the same quarter last year, suggesting signs of market recovery.
- Revenue Performance: Last quarter, the company reported revenues of $1.46 billion, down 6.8% year-on-year, exceeding analysts' expectations, with both EPS and EBITDA also outperforming estimates, indicating the company's resilience in challenging conditions.
- Market Sentiment: Investor sentiment in the industrial distributors segment has been positive, with average share prices rising 9.4% over the past month, while Boise Cascade has increased by 5.9% during the same period, reflecting confidence in its future performance.
- Analyst Expectations: Despite missing Wall Street's revenue estimates multiple times over the past two years, most analysts have reaffirmed their performance expectations in the last 30 days, with an average price target of $94.50, indicating significant upside potential compared to the current share price of $78.08.
See More
Boise Cascade Q1 2026 Earnings Call Insights
- Sales Performance Review: Boise Cascade reported Q1 sales of $1.5 billion and net income of $17.8 million, translating to earnings per share of $0.50, demonstrating resilience amid demand uncertainty driven by geopolitical events and severe weather.
- Cost Pressure Analysis: BMD's sales were $1.4 billion, down 1% year-over-year, with EBITDA at $48.2 million, primarily impacted by an $8.2 million increase in selling and distribution expenses and a $6.5 million decrease in gross margin dollars, reflecting intensified market competition.
- Future Outlook: Management guided Q2 EBITDA ranges of $65 million to $80 million for BMD and $32 million to $47 million for Wood Products, indicating cautious optimism regarding market demand while acknowledging ongoing uncertainties.
- Capital Allocation Update: Q1 capital expenditures totaled $40 million, with dividends of $10 million and share repurchases of approximately $66 million, leaving about $148 million remaining under authorization, highlighting the company's commitment to maintaining financial flexibility while returning value to shareholders.
See More
Boise Cascade (BCC) Q1 2026 Earnings Transcript
See More
Boise Cascade (BCC) Q1 2025 Earnings Transcript
See More
Boise Cascade Reports Q1 2026 Financial Results
- Earnings Performance: Boise Cascade reported a GAAP EPS of $0.50 for Q1 2026, demonstrating resilience in profitability despite market challenges, indicating the company's ability to navigate the current economic landscape.
- Revenue Overview: The company generated $1.49 million in revenue for the first quarter, which, while fluctuating compared to historical data, reflects a stable income level, showcasing its stability within the industry.
- Liquidity Position: As of March 31, 2026, Boise Cascade had $338.7 million in cash and cash equivalents along with $395.1 million in undrawn bank line availability, totaling $733.8 million in liquidity, providing robust support for future investments and operations.
- Capital Expenditure Plans: The company anticipates capital expenditures of approximately $150 million to $170 million in 2026, excluding potential acquisition spending, indicating a commitment to necessary investments for future growth.
See More
Boise Cascade to Announce Q1 Earnings on May 5th
- Earnings Announcement: Boise Cascade (BCC) is set to release its Q1 2023 earnings on May 5th before market open, with consensus EPS estimate at $0.43 and revenue expected at $1.46 billion, reflecting a 5.2% year-over-year decline.
- Performance Expectations: Over the past year, BCC has beaten EPS estimates 75% of the time and revenue estimates 75% of the time, indicating a strong track record of financial performance and market confidence.
- Estimate Revision Trends: In the last three months, EPS estimates have seen five upward revisions and one downward revision, while revenue estimates have experienced two upward revisions and five downward revisions, highlighting market uncertainty regarding the company's short-term outlook.
- EBITDA Target: Boise Cascade has set a Q1 EBITDA target of $45 million to $55 million amid leadership transitions, emphasizing the potential short-term challenges while maintaining a focus on margin improvement.
See More
Boise Cascade Company Set to Report Earnings After Market Close
- Earnings Forecast: Boise Cascade Company is set to report earnings after market close on Monday, with market expectations indicating a 4.2% year-on-year revenue decline, an improvement from the 6.6% drop recorded in the same quarter last year, suggesting signs of market recovery.
- Revenue Performance: Last quarter, the company reported revenues of $1.46 billion, down 6.8% year-on-year, exceeding analysts' expectations, with both EPS and EBITDA also outperforming estimates, indicating the company's resilience in challenging conditions.
- Market Sentiment: Investor sentiment in the industrial distributors segment has been positive, with average share prices rising 9.4% over the past month, while Boise Cascade has increased by 5.9% during the same period, reflecting confidence in its future performance.
- Analyst Expectations: Despite missing Wall Street's revenue estimates multiple times over the past two years, most analysts have reaffirmed their performance expectations in the last 30 days, with an average price target of $94.50, indicating significant upside potential compared to the current share price of $78.08.
See More
