News Column

BRIEF: Boise Cascade profits fall

April 23, 2014

The Idaho Statesman

April 23--Boise Cascade Co. reported a $5.6 million profit for the first quarter of 2014. The mark fell below the $9.8 million profit the company reported for the last quarter of 2013 and the $12.2 million profit earned before a tax benefit in the first quarter of 2013.

Sales totaled $767.2 million at the Boise wood-products maker, down from nearly $799 million in the previous quarter but up from $745 million in the first quarter of 2013.

The Boise company attributed the profit decline to a 2 percent drop in housing starts compared with the first quarter of 2013.

"The first quarter presented unusually severe weather conditions in many parts of the country, which reduced the demand for building materials, negatively impacted our operating costs, and, at times, disrupted rail and truck shipments to our customers," CEO Tom Carlile said.

But the latest quarter still brought a 9 percent growth in wood products and 1 percent growth in building materials distribution, Boise Cascade said.


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Source: Idaho Statesman (Boise)