Boise Cascade, a key producer and wholesale supplier of engineered wood products, building materials, and plywood across North America, has released its financial results for the second quarter ended June 30, 2025. The company reported a net income of $62.0 million on sales of $1.7 billion, down from $112.3 million in net income on $1.8 billion in sales a year ago during the second quarter of 2024.

CEO Nate Jorgensen highlighted a modest rebound in sequential volume, driven by the usual uptick in activity for the season. Still, he noted that demand for new residential construction remains subdued. He added that the company faced expected expenses tied to an outage at the Oakdale plywood mill, part of a major modernization effort. But now that the upgrade is complete, it promises stronger reliability, improved efficiency, and the added value of self-reliant veneer production—a competitive edge for Boise Cascade going forward.

Jorgensen also detailed broader market trends affecting performance. In the second quarter of 2025, total U.S. housing starts slipped 1%, while single-family starts fell 8%, compared with the same quarter in 2024. Through the first half of 2025, total starts were down 1%, and single-family starts dropped 7% year over year. Since single-family housing is a major demand driver for Boise Cascade’s products, these declines reflect a constrained demand landscape—brought on by affordability challenges, elevated existing-home inventories, and lingering consumer caution.

Wood Products sales—which include Engineered Wood Products (EWP) like LVL (laminated veneer lumber) and I-joists, plus plywood sales to the Building Materials Distribution (BMD) channel—fell $42.6 million year over year, landing at $447.2 million in Q2 2025, down from $489.8 million in Q2 2024.

Source: businesswire.com