Boise Cascade reported a 15% gain in Q4 sales, up $783.3 million from last year's Q4 sales total of $694.6 million. Despite the gain, Q4 net income fell to $9.8 million, down from Q3's $15.9 million total. Still, 2013 Q4 net income far exceeds 2012's Q4 net income of $1.3 million.
Overall, 2013 sales climbed 18% from the previous year to $3.3 billion, and the company clocked its adjusted net income at $48.3 million for the year.
It's no secret that unprecedented winter weather, especially in the South, affected plenty of bottom lines this quarter, and Boise Cascade is no exception.
"We have had more disruption days in both manufacturing...and more disruption days [due to weather] in the distribution business than any time I can remember," said CEO Tom Carlile.
As extreme winter weather shows no signs of letting up, the company estimates hitting its Q1 targets will be "challenging." Even so, growing housing starts continuing into 2014 give the company confidence that the year will bring higher revenues and growth.