Revenue Update on Boise Cascade Co(NYSE:BCC)

Boise Cascade Co(NYSE:BCC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $1.04B. Analysts estimated a revenue of $1.03B. Earnings per share were $0.49. Analysts had estimated an EPS of $0.37.

Boise Cascade Co (BCC) shares turned negative on Thursdays trading session with the shares closing down -0.26 points or -0.93% at a volume of 2,83,771. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.3424. The peak price level was also seen at $28.3424 while the days lowest was $27.76. Finally the shares closed at $27.8. The 52-week high of the shares is $33.48 while the 52-week low is $13.8. According to the latest information available, the market cap of the company is $1,077 M.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2016, Kelly E. Hibbs (VP and Controller) purchased 1,500 shares at $14.18 per share price.Also, On Aug 6, 2015, Thomas Kevin Corrick (CEO) purchased 5,000 shares at $33.00 per share price.On Jul 28, 2015, Mack L Hogans (director) purchased 75 shares at $33.57 per share price, according to the Form-4 filing with the securities and exchange commission.

Boise Cascade Company is a plywood and engineered wood products (EWP) manufacturer and building materials distributor. The Company’s segments include Wood Products and Building Materials Distribution. Its Wood Products segment manufactures plywood EWP studs particleboard and ponderosa pine lumber. Its Building Materials Distribution segment is a wholesale distributor of various building materials including EWP OSB plywood lumber and general line items such as siding metal products insulation roofing and composite decking. The Company operates in the United States. The Company’s products are used in residential construction residential repair-and-remodeling projects light commercial construction and industrial applications. The Company caters to a range of retail lumberyards home improvement centers wholesalers and industrial converters among others. It also manufactures engineered wood products consisting of laminated veneer lumber (LVL) I-joists and laminated beams.

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