Boise Cascade posted solid numbers for its second quarter earnings report.
Net sales of $961.2 million for the three months ended June 30 marked a 13% improvement over last year's $852.3 million in sales. Meanwhile, net income came in at $26.4 million, up from $10.4 million in the second quarter of 2013.
The jump in sales was largely attributed to volume increases in plywood and EWP, with plywood sales volumes increasing 21% on the back of the acquisitions of two new plywood manufacturing facilities last fall. EWP sales were buoyed by increases of 29% and 28% in I-joists and LVL sales.
"Second quarter demand for the products we manufacture and distribute was markedly better than in first quarter, as weather improved across the country and housing and repair and remodel activity regained momentum," said CEO Tom Carlile. "We generated good sales volume growth in engineered wood products and our distribution business. While plywood prices declined compared to last year`s second quarter, pricing remains favorable and we saw improved pricing sequentially on essentially all of our manufactured products."