bcc-20260630

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q


☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

	For the quarterly period ended	June 30, 2026

☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 001-35805

Boise Cascade Company

(Exact name of registrant as specified in its charter)


Delaware			20-1496201
(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)

1111 West Jefferson Street Suite 300

Boise, Idaho 83702-5389

(Address of principal executive offices) (Zip Code)

(208) 384-6161

(Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value per share	BCC	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer x Accelerated filer o Non-accelerated filer o Smaller reporting company ☐

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange

Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No x

There were 34,891,351 shares of the registrant's common stock, $0.01 par value per share, outstanding on July 31, 2026.

Table of Contents


PART I—FINANCIAL INFORMATION

Item 1.	Financial Statements	1
	Condensed Notes to Unaudited Quarterly Consolidated Financial Statements	8
	1. Nature of Operations and Consolidation	8
	2. Summary of Significant Accounting Policies	8
	3. Income Taxes	12
	4. Net Income Per Common Share	12
	5. Goodwill and Intangible Assets	13
	6. Debt	14
	7. Leases	15
	8. Stock-Based Compensation	17
	9. Stockholders' Equity	18
	10. Transactions With Related Party	19
	11. Segment Information	20
	12. Commitments, Legal Proceedings and Contingencies, and Guarantees	22
	13. Subsequent Events	23
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	24
	Understanding Our Financial Information	24
	Executive Overview	25
	Factors That Affect Our Operating Results and Trends	25
	Our Operating Results	27
	Liquidity and Capital Resources	31
	Guarantees	33
	Seasonal Influences	33
	Employees	33
	Disclosures of Financial Market Risks	33
	Environmental	33
	Critical Accounting Estimates	33
	New and Recently Adopted Accounting Standards	34
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	34
Item 4.	Controls and Procedures	34

PART II—OTHER INFORMATION

Item 1.	Legal Proceedings	35
Item 1A.	Risk Factors	35
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	36
Item 3.	Defaults Upon Senior Securities	36
Item 4.	Mine Safety Disclosures	36
Item 5.	Other Information	36
Item 6.	Exhibits	37
	Signatures	38

Table of Contents

PART I—FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

Boise Cascade Company

Consolidated Statements of Operations

(unaudited)


	Three Months Ended June 30				Six Months Ended June 30
	2026		2025		2026		2025
	(thousands, except per-share data)
Sales	$	1,831,335	$	1,740,114	$	3,329,949	$	3,276,608

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	1,503,462		1,441,459		2,758,532		2,717,642
Depreciation and amortization	42,714		37,409		81,767		74,530
Selling and distribution expenses	173,787		161,815		324,231		305,463
General and administrative expenses	27,266		26,470		53,566		51,467

Other (income) expense, net	130		(7,569)		92		(7,543)
	1,747,359		1,659,584		3,218,188		3,141,559

Income from operations	83,976		80,530		111,761		135,049

Foreign currency exchange gain (loss)	(420)		1,093		(661)		1,093
Pension expense (excluding service costs)	(30)		(32)		(60)		(65)
Interest expense	(7,106)		(5,183)		(13,125)		(10,495)
Interest income	2,152		4,623		5,089		10,133
Change in fair value of interest rate swaps	—		(435)		—		(925)

	(5,404)		66		(8,757)		(259)

Income before income taxes	78,572		80,596		103,004		134,790
Income tax provision	(21,230)		(18,611)		(27,820)		(32,457)
Net income	$	57,342	$	61,985	$	75,184	$	102,333

Weighted average common shares outstanding:
Basic	35,212		37,682		35,559		37,848
Diluted	35,227		37,795		35,616		37,999

Net income per common share:
Basic	$	1.63	$	1.64	$	2.11	$	2.70
Diluted	$	1.63	$	1.64	$	2.11	$	2.69

Dividends declared per common share	$