Boise Cascade releases preliminary results
In an Oct. 15 filing with the Securities and Exchange Commission (SEC), Boise Cascade Holdings posted an estimate of the results for its third fiscal quarter, which ended Sept. 30, 2012.
Segment sales in the building materials distribution division were between $595 million and $615 million, with wood products accounting for another $255 million to $265 million. Net income was reported at $21.5 million to $25.1 million.
The Boise, Idaho-based company also announced the commencement of a senior unsecured note offering of up to $250 million. The company said it intends to use the proceeds to fund the redemption of all of its outstanding senior subordinated notes. The remaining proceeds from the senior notes, which are due 2020, will be available for general corporate purposes.
Boise Cascade is a privately held company that distributes and/or manufactures a number of building materials, including engineered wood products, plywood, lumber and roofing materials.