BOISE, Idaho, Oct. 8 /PRNewswire-FirstCall/ -- Boise Cascade Corporation
(NYSE: BCC) announced today that it expects to report third quarter 2003
earnings of 40 cents to 44 cents per diluted share from operations. The
company will report third-quarter earnings on October 21.
Third-quarter sales in Boise Office Solutions strengthened from second-
quarter levels, as they typically have in prior years. Same-location sales
growth comparisons continued their positive trend of recent quarters.
In building products markets, Boise Building Solutions experienced sharply
higher results in the third quarter, as the building season peaked.
In our paper business, market conditions continued to be sluggish, with
lower average paper prices offset by higher unit sales volumes and lower unit
costs. Boise Paper Solutions' performance in the third quarter is expected to
be similar to second-quarter results.
OUTLOOK
In fourth quarter 2003, we expect the year-over-year same-location sales
comparison in Boise Office Solutions to remain positive, and results should be
similar to third-quarter performance. We expect building products markets to
weaken seasonally and Boise Building Solutions to post lower results in the
fourth quarter than in the third quarter. Finally, in our paper business, we
expect market conditions to continue to be lackluster. Boise Paper Solutions'
performance in the fourth quarter is likely to be similar to that of the third
quarter.
Boise delivers office, building, and paper solutions that help our
customers to manage productive offices and construct well-built homes -- two
of the most important activities in our society. Boise's 24,000 employees
help people work more efficiently, build more effectively, and create new ways
to meet business challenges. Boise also provides constructive solutions for
environmental conservation by managing natural resources for the benefit of
future generations. Boise had sales of $7.4 billion in 2002. Visit the Boise
website at http://www.bc.com .
FORWARD-LOOKING STATEMENTS
The Outlook section of this release includes forward-looking statements.
These statements are subject to a number of risk factors that could cause
actual results to differ from those projected. Those factors include, among
other things, changes in foreign or domestic competition; changes in the
condition of both foreign and domestic economies; changes in market demand for
the company's products, which may be influenced by economic vitality; changes
in production capacity across paper and wood products markets; the number of
housing starts affected by changing interest rates; changes in cost structure;
and other factors included in our filings with the Securities and Exchange
Commission.
SOURCE Boise Cascade Corporation
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Related links:
http://www.bc.com
CONTACT:
media, Ralph Poore, +1-208-384-7294, or home,
+1-208-331-2023, or investors, Vincent Hannity, +1-208-384-6390,
or cell, +1-208-890-6385, both of Boise Cascade Corporation
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