Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Analyst’s Disclosure: I/we have a beneficial long position in the shares of CNQ, CSL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alph ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .That's when stocks started to weaken, led by my two biggest investments . As I just came off my biggest win streak ever, IAnalyst’s Disclosure: I/we have a beneficial long position in the shares of GE, CSL, CNQ, REXR either through stock ownership, options, or other derivatives. ...

Boise Cascade Company (BCC) has completed the purchase of the Parksite door shop in Lakeland, FL, thereby adding the 15th millwork location to its portfolio.BCC stock lost 2% during Tuesday’s trading hours, post the announcement of the news.Boise Cascade’s New Florida LocationThe purchase agreement between Boise Cascade and Parksite involves only the Florida door shop location among the 22 locations. This strategic transaction will expand BCC’s millwork business in the Southern region, allowing it to expand ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .If I had a dollar for every time someone said or wrote this, I would be able to buy one of the fancy homes you find in the search results on Zillow when pickingAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and ...

It has been about a month since the last earnings report for Boise Cascade (BCC) . Shares have added about 5.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Boise Cascade due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Boise Cascade Q3 Earnings Lag Estimates, S ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Despite those factors, it is predominantly owned by non-real estate professional, private individuals, mom-and-pops who, one way or another, bought, build or aggregated these properties during the post World War II era. - Rexford Industrial RealtyAnalyst’s Disclosure: I/we have ...

Boise Cascade Company (BCC) reported tepid third-quarter 2024 results, with earnings missing the Zacks Consensus Estimate and declining year over year. Although quarterly sales marginally topped the consensus mark, it declined year over year.See the Zacks Earnings Calendar to stay ahead of market-making news.The company's quarterly performance was marred by softer sales volume and lower sales prices across the products it manufactures and distributes. The downtrend in volumes can be attributed to the soft s ...

财务数据和关键指标变化 - 第三季度总销售额为17亿美元，同比下降7% [5] - 净收入为9100万美元，每股收益为2.33美元，去年同期净收入为1.431亿美元，每股收益为3.58美元 [5][6] - 由于住房可负担性挑战和经济不确定性，整体需求环境受到限制 [6] 各条业务线数据和关键指标变化 - 木材产品销售额为4.539亿美元，同比下降12% [7] - 木材产品部门的EBITDA为7740万美元，去年同期为1.229亿美元，主要由于EWP和胶合板销售价格下降以及更高的转换成本 [8] - 建材分销（BMD）销售额为16亿美元，同比下降6%，EBITDA为8770万美元，去年同期为1.049亿美元 [9][15] 各个市场数据和关键指标变化 - 美国住房开工量和单户住宅开工量分别同比下降3%和1% [5] - 预计2024年美国住房开工量约为135万，2025年略高于140万 [22] - 单户住宅开工量较2023年水平高出10%，而多户住宅开工量因开发商资本成本上升而大幅下降 [23] 公司战略和发展方向和行业竞争 - 公司继续通过有机增长项目和资本回报向股东部署资本 [6][19] - 预计2025年家庭改善支出将适度增长，因美国住房存量老化和房主权益水平提高 [25] - 公司对中长期住房基本面持乐观态度，计划继续执行增长战略 [26] 管理层对经营环境和未来前景的评论 - 管理层指出，尽管短期需求增长可能有限，但两步分销的价值主张依然明显 [26] - 住房可负担性仍然是许多消费者面临的挑战，影响现有住房库存的供应 [24] - 管理层对未来的市场环境持谨慎乐观态度，强调灵活应对市场变化的能力 [50] 其他重要信息 - 公司在2024年前九个月支付了2.2亿美元的常规和特别股息，并计划在12月18日支付每股0.21美元的季度股息 [19] - 2024年资本支出预计在2亿到2.2亿美元之间 [19] 问答环节所有提问和回答 问题: 关于BMD的销售进展 - BMD的日销售水平在季度内保持稳定，只有9月因销售天数减少而受到影响 [29] 问题: EWP的需求和库存水平 - 客户对EWP的需求持谨慎态度，预计将继续依赖分销 [30] 问题: EWP定价与木材价格的关系 - EWP定价主要受需求和运营率驱动，与木材价格的相关性不大 [33] 问题: BMD业务的产品扩展 - 新产品和SKU的增加将支持两步分销的增长 [36] 问题: BROSCO业务表现 - BROSCO业务表现良好，超出预期 [51] 问题: EWP的运营率 - 第三季度EWP的运营率约为80% [52] 问题: Oakdale工厂现代化的时间表 - Oakdale工厂将在第一季度达到50%产能，第二季度恢复正常 [63] 问题: BMD毛利率的前景 - 10月的毛利率表现良好，预计11月和12月将受到商品价格波动的影响 [61]

Boise Cascade (BCC) came out with quarterly earnings of $2.33 per share, missing the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $3.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.69%. A quarter ago, it was expected that this engineered wood products and plywood company would post earnings of $2.65 per share when it actually produced earnings of $2.84, delivering a surprise of 7.17%.Over the ...

财务表现 - 公司第三季度营业收入为17.137亿美元，同比下降6.6%[111] - 公司第三季度营业利润为1.174亿美元，同比下降36.7%[112] - 总销售额在三季度同比下降7%，九个月同比下降1%[124] - 材料、人工和其他运营费用在三季度同比下降5%，主要由于销量下降和采购成本下降[129] - 折旧和摊销费用在三季度同比增加17%，主要由于BROSCO收购和其他资本支出[131] - 销售和分销费用在三季度同比增加7%，主要由于员工相关费用增加[132] 分部业绩 - 木材产品部门收入下降，主要由于工程木材和胶合板销售价格下降以及转换成本上升[112] - 木材产品部门销售额在三季度同比下降12%，主要由于LVL、I-joist和胶合板销售价格下降[125,126] - 木材产品部门营业利润在三季度同比下降46%，主要由于EWP和胶合板销售价格下降[135] - 九个月内分部收入下降7510万美元至1.979亿美元，主要由于EWP和胶合板销售价格下降以及木材纤维和加工成本上升[136] - 建材分销部门收入下降，主要由于销售和分销费用以及折旧和摊销费用增加[112] - 建材分销部门销售额在三季度同比下降6%，主要由于商品类产品销售下降12%[127] - 九个月内分部收入下降2230万美元至7480万美元，主要由于销售和分销费用以及折旧和摊销费用分别增加1000万美元和510万美元[137] - 九个月内分部收入下降3260万美元至2.327亿美元，主要由于销售和分销费用以及折旧和摊销费用分别增加3740万美元和1350万美元[138] - 九个月内未分配公司费用下降190万美元至3320万美元，主要由于激励性薪酬降低[139] 财务状况 - 公司第三季度末现金及现金等价物余额为7.616亿美元，未使用的银行授信额度为3.957亿美元，总可用流动性为11.573亿美元[113] - 截至2024年9月30日，公司拥有7.616亿美元现金及现金等价物和4.5亿美元债务，可用流动性为11.573亿美元[143] - 2024年和2025年资本支出预计分别为2.2亿美元至2.4亿美元和2亿美元至2.2亿美元，主要用于业务改善、质量/效率项目、更换和扩张项目以及环境合规[151,152] - 2024年9个月内公司支付2.205亿美元股息并回购123.2345万股股票1.585亿美元[153] 市场展望 - 公司预计2025年美国新房开工将温和增长，房地产修缮和改造支出也将温和增长[114] - 公司面临原材料价格波动、劳动力短缺等诸多挑战[115,116,117,118] 内部控制 - 公司维持有效的披露控制和程序,CEO和CFO认为截至2024年9月30日公司的披露控制和程序是有效的[166] - 公司在三个月内未发生影响内部控制的重大变化[167] 法律合规 - 公司目前未参与任何可能对财务状况、经营成果或现金流产生重大不利影响的法律诉讼[169] - 公司根据SEC规定,披露任何可能导致超过100万美元罚款的环境相关诉讼[170]