BOISE, Idaho (AP) — BOISE, Idaho (AP) — Boise Cascade L.L.C. (BCC) on Thursday reported fourth-quarter net income of $68.9 million.
On a per-share basis, the Boise, Idaho-based company said it had profit of $1.78.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.
The engineered wood products and plywood company posted revenue of $1.57 billion in the period.
For the year, the company reported profit of $376.4 million, or $9.57 per share. Revenue was reported as $6.72 billion.
Boise Cascade shares have decreased 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $116.48, a decline of 14% in the last 12 months.
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