Boise Cascade’s EBITDA grew 9% during the second quarter of 2013 to $30.7 million from the year-earlier period as sales rose 16.3%, the company announced July 22. The company’s wood products manufacturing division paced the growth, increasing EBITDA by 36.5% to $29.6 million from a year earlier on a 16% sales gain to $280.4 million. Its building-materials distribution segment posted EBITDA (earnings before interest, taxes, depreciation and amortization) of $5.5 million compared to EBITDA of $10.9 million in the second quarter of 2012; sales in that segment rose 17% for the same period to $681.5 million—of that growth, price changes accounted for 12% and shipment volumes were up by 5%.
Universal Forest Products reported second quarter 2013 net sales of $738.4 million, a 24.4% increase over the $593.7 million in net sales during the same period in 2012, and earnings of $15.8 million in the quarter, down 9.7% from last year’s same-quarter earnings of $17.5 million. The company said 2012 second-quarter earnings were enhanced by gains on the sale of real estate, without which earnings would have been $13.2 million. Without the real estate gains, year-over-year earnings rose nearly 20%. Read more.
West Fraser Timber more than doubled its EBITDA in the second quarter of 2013 to $178 million from same-quarter EBITDA of $82 million a year earlier, the company announced July 17. Sales rose 16.3% to $900 million for the same period. Lower wood-products prices cut operating earnings in the company’s lumber segment from $122 million during the first quarter to $103 million in the second quarter, as well as operating earnings in the company’s panel segment, which fell from $14 million in the first quarter to $6 million in the second quarter.
Owens Corning grew its EBIT (earnings before interest and taxes) to $124 million in the second quarter ended June 30 from $117 million for the year-earlier period as sales dipped 3.2% to $1.35 billion for the same period. In an announcement July 24, the company said EBIT in its building materials division grew 13% to $120 million from the year earlier’s same-quarter numbers as sales fell 2% to $923 million from the same period. The company credited price increases and strategic moves in its insulation business to acquire mineral-wool insulation maker Thermafiber as well as new partnerships with Chinese manufacturers Taishan and Jinnu that, the company said in a statement, will “leverage commercial strengths, lower capital investment and eliminate delivered-cost assets.”