BOISE CASCADE Co (BCC) FY2025 10-K Annual Report

Filed: Feb 24, 2026
Consumer Discretionary
Wholesale-Lumber & Other Construction MaterialsSEC EDGAR

BOISE CASCADE Co (BCC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

BOISE CASCADE Co FY2025 10-K Analysis

Business Overview

  • Core business: Manufacture and distribute wood products and building materials, tied to residential construction demand
  • New emphasis on Oakdale plywood mill modernization causing planned downtime and increased per-unit conversion costs
  • Strategic shift: Inventory management leveraging data sets to mitigate risks amid volatile commodity product prices
  • Notable metric: Operating income fell to $183.3M in 2025 from $490.0M in 2024, driven by lower margins and COVID-related cost increases
  • Unusual fact: 31% decline in OSB prices and 17% composite panel price drop impacting segment income significantly

Management Discussion & Analysis

  • No revenue or YoY change data provided in the MD&A section
  • No profitability or margin figures disclosed in the section
  • No segment performance data included in the text
  • No cash flow, buybacks, dividends, or capex details mentioned
  • Key risks: product liability claims, supply quality risk, insurance coverage uncertainty, stock price volatility due to multiple operational and market factors

Risk Factors

  • Interest rate risk on $50.0M variable-rate debt tied to Daily Simple SOFR at 5.1% average interest
  • Foreign currency risk from Canadian sales exposure, though described as not significant
  • Expiration of $50.0M interest rate swap in June 2025, previously fixed rate at 0.41% annually
  • Long-term fixed-rate Senior Notes $400.0M at 4.875% maturing in 2030 reflects refinancing risk
  • Concentration risk in debt structure: $450.0M total with $400.0M fixed senior notes and $50.0M variable revolving credit

BOISE CASCADE Co FY2025 Key Financial Metrics
XBRL

Revenue

$6.4B

-4.8% YoY

Net Income

$133M

-64.7% YoY

Operating Margin

2.9%

-443bp YoY

Net Margin

2.1%

-352bp YoY

ROE

6.4%

-1109bp YoY

Total Assets

$3.2B

-3.8% YoY

EPS (Diluted)

$3.53

-63.1% YoY

Operating Cash Flow

$254M

-42.0% YoY

Source: XBRL data from BOISE CASCADE Co FY2025 10-K filing on SEC EDGAR. All figures in USD.

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