博伊西·卡斯凯德公司2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch 31, 2025☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number:001-35805Boise Cascade Company (Exact name of registrant as specified in its charter) 20-1496201(I.R.S. Employer Identification No.) 1111 West Jefferson Street Suite300Boise,Idaho83702-5389(Address of principal executive offices) (Zip Code) (208)384-6161(Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Common Stock, $0.01 par value per shareBCC Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller Large accelerated filerx Accelerated filero Non-accelerated filero Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐Nox There were37,629,680shares of the registrant's common stock, $0.01 par value per share, outstanding on April30, 2025. Table of Contents PARTI—FINANCIAL INFORMATION Item 1.Financial StatementsCondensed Notes to Unaudited Quarterly Consolidated Financial Statements1. Nature of Operations and Consolidation2. Summary of Significant Accounting Policies PARTII—OTHER INFORMATION Item1.Legal ProceedingsItem1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of Proceeds Boise Cascade CompanyConsolidated Balance Sheets (continued)(unaudited) Boise Cascade CompanyConsolidated Statements of Cash Flows(unaudited) Table of Contents Condensed Notes to Unaudited Quarterly Consolidated Financial Statements 1.Nature of Operations and Consolidation Nature of Operations Boise Cascade Company is a building products company headquartered in Boise,Idaho. As used in this Form10-Q, the terms"Boise Cascade," "we," and "our" refer to Boise Cascade Company and its consolidated subsidiaries. We are one of the largestproducers of engineered wood products (EWP) and plywood in North America and a leading United States wholesale distributor of We operate our business usingtworeportable segments: (1)Wood Products, which primarily manufactures EWP andplywood, and (2)Building Materials Distribution (BMD), which is a wholesale distributor of building materials. For more Consolidation The accompanying quarterly consolidated financial statements have not been audited by an independent registered publicaccounting firm but, in the opinion of management, include all adjustments necessary to present fairly the financial position, results ofoperations, cash flows, and stockholders' equity for the interim periods presented. Except as disclosed within these condensed notes tounaudited quarterly consolidated financial statements, the adjustments made were of a normal, recurring nature. Certain informationand footnote disclosures normally included in our annual consolidated financial statements have been condensed or omitted. The 2.Summary of Significant Accounting Policies Accounting Policies The complete summary of significant accounting policies is included in Note 2, Summary of Significant Accounting Policies,of the Notes to Consolidated Financial Statements in "Item 8. Financial Statements and Supplementary Data" in our 2024 Form 10-K. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) requiresmanagement to make estimates and assumptions about future events. These estimates and the underlying assumptions affect theamounts of assets and liabilities reported, disclosures about contingent assets and liabilities, and reported amounts of revenues andexpenses. Such estimates include the valuation of accounts receivable, inventories, goodwill, intangible assets, and other long-livedassets; legal contingencies; guarantee obligations; indemnifications; assumptions used in retirement, medical, and workers'compensation benefits; assum