BOISE, Idaho (AP) — Boise Cascade L.L.C. (BCC) on Tuesday reported first-quarter profit of $11.4 million.
The Boise, Idaho-based company said it had net income of 29 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The engineered wood products and plywood company posted revenue of $1.04 billion in the period.
Boise Cascade shares have risen 22% since the beginning of the year. The stock has dropped 30% in the last 12 months.