A month has gone by since the last earnings report for Boise Cascade (BCC Quick QuoteBCC - Free Report) . Shares have added about 6.8% in that time frame, outperforming the S&P 500.

But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Boise Cascade due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Boise Cascade, L.L.C. before we dive into how investors and analysts have reacted as of late.

Boise Cascade Q3 Earnings Meet Estimates, Sales Down Y/Y

Boise Cascade’s third-quarter 2025 adjusted earnings met the Zacks Consensus Estimate and declined year over year. Sales topped the consensus mark but decreased from the year-ago period.

The quarter’s performance reflects subdued demand resulting in lower volumes and unfavorable commodity pricing.

Revenues and Earnings

Boise Cascade reported third-quarter 2025 adjusted earnings of 58 cents per share, matching the Zacks Consensus Estimate but plunging 75% year over year from $2.33 in the prior-year quarter.

Sales of $1.67 billion beat the consensus mark of $1.62 billion by 2.8% but declined 3% year over year due to lower sales in the Wood Products segment.

Segment Performance

The Wood Products segment posted a loss of $12.1 million compared with income of $53.9 million last year, as sales dropped 13% to $396.4 million. Lower laminated veneer lumber (LVL) and I-joist prices (down 13% and 12%, respectively) and reduced volumes hurt performance. Segment EBITDA plunged 81% to $14.5 million.

The Building Materials Distribution (BMD) segment recorded sales of $1.56 billion, nearly flat year over year, but income fell 27% to $54.3 million. While general line products grew 6%, weaker pricing in engineered wood and commodities weighed on margins. Segment EBITDA decreased 20% to $69.8 million.

Margins and Profitability

Adjusted EBITDA tumbled 52% year over year to $74.4 million from $154.5 million, as profitability contracted sharply across segments.

The company’s gross margin was pressured by declining engineered wood and plywood prices and higher per-unit conversion costs.

Balance Sheet and Capital Returns

Boise Cascade ended the quarter with $511.8 million in cash, $907 million in total liquidity and $450 million of long-term debt.

During the first nine months of 2025, the company repurchased 1.13 million shares for $111 million and paid $26.6 million in dividends.

In October 2025, it repurchased another 120,000 shares for $9 million and authorized a new $300 million buyback program.

Outlook

Management noted persistent headwinds from elevated interest rates and affordability issues in the housing market. It expects 2026 housing activity to mirror 2025 levels, with gradual improvement later in the year as rates ease. Long-term housing demand and remodeling activity remain supported by structural supply shortages and high homeowner equity.

How Have Estimates Been Moving Since Then?

It turns out, fresh estimates have trended downward during the past month.

The consensus estimate has shifted -52.03% due to these changes.

VGM Scores

At this time, Boise Cascade has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. It's no surprise Boise Cascade has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry Player

Boise Cascade belongs to the Zacks Building Products - Wood industry. Another stock from the same industry, UFP Industries (UFPI Quick QuoteUFPI - Free Report) , has gained 0.9% over the past month. More than a month has passed since the company reported results for the quarter ended September 2025.

UFP Industries reported revenues of $1.56 billion in the last reported quarter, representing a year-over-year change of -5.4%. EPS of $1.29 for the same period compares with $1.64 a year ago.

UFP Industries is expected to post earnings of $1.00 per share for the current quarter, representing a year-over-year change of -16.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -4.2%.

UFP Industries has a Zacks Rank #4 (Sell) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.