Exhibit



	2Q 2017		2Q 2016		% change

	(thousands, except per-share data and percentages)

Consolidated Results
Sales	$	1,138,939	$	1,043,773	9	%
Net income	22,154		19,228		15	%
Net income per common share - diluted	0.57		0.49		16	%
Adjusted EBITDA¹	62,063		56,447		10	%

Segment Results
Wood Products sales	$	350,277	$	346,358	1	%
Wood Products income	15,395		16,309		(6	)%
Wood Products EBITDA¹	30,659		31,078		(1	)%

Building Materials Distribution sales	980,706		850,042		15	%
Building Materials Distribution income	34,509		29,117		19	%
Building Materials Distribution EBITDA¹	38,365		32,471		18	%

“Distribution enjoyed another strong quarter, with solid volume growth across product lines and excellent execution during a volatile commodity price environment. Wood Products results were slightly lower than the prior year quarter, as plywood pricing improvements were offset by lower EWP price realizations and input cost pressures. However, I am optimistic for the second half of the year as we make further progress on our operational improvement opportunities and see the impact of our EWP price increase,” commented Tom Corrick, CEO. “The tone in the marketplace is positive and we are seeing renewed strength in commodity prices as we begin the third quarter.”

In second quarter 2017, total U.S. housing starts increased by approximately 1% compared to the same period last year, driven by an approximate 9% increase in single-family starts, offset by an approximate 15% decrease in multi-family. Single-family residential construction is the primary demand driver of our sales. On a year-to-date basis, total U.S. housing starts improved 4% compared to the same period last year, driven by an approximate 8% increase in single-family starts.

Wood Products sales, including sales to Building Materials Distribution (BMD), increased $3.9 million, or 1%, to $350.3 million for the three months ended June 30, 2017, from $346.4 million for the three months ended June 30, 2016. The increase in sales was driven primarily by higher sales prices for plywood and lumber. These increases were offset by decreases in plywood and lumber sales volumes and sales prices for I-joists. Sales volumes for laminated veneer lumber (LVL) and I-joists (collectively EWP), as well as sales prices for LVL, were relatively flat compared with the same period in the prior year. By the end of the second quarter 2017, gross sales prices for EWP had increased as expected from the list price increase implemented in late first quarter 2017. However, the benefit of the list price changes was offset by short-term price protection arrangements with certain customers and adjustments to estimated volume rebates.

Wood Products segment income decreased $0.9 million to $15.4 million for the three months ended June 30, 2017, from $16.3 million for the three months ended June 30, 2016. The decrease in segment income was due primarily to higher OSB costs used in the manufacture of I-joists, as well as higher per-unit conversion costs resulting from lower plywood and lumber sales volumes. In addition, lower sales prices for I-joists contributed to the decrease in income. These decreases were offset partially by higher plywood and lumber sales prices.

BMD sales increased $130.7 million, or 15%, to $980.7 million for the three months ended June 30, 2017, from $850.0 million for the three months ended June 30, 2016. Compared with the same quarter in the prior year, the overall increase in sales was driven by sales volume and sales price increases of 8% and 7%, respectively. By product line, commodity sales increased 17%, general line product sales increased 10%, and sales of EWP (substantially all of which are sourced through our Wood Products segment) increased 21%.

BMD segment income increased $5.4 million to $34.5 million for the three months ended June 30, 2017, from $29.1 million for the three months ended June 30, 2016. The improvement in segment income was driven primarily by a gross margin increase of $12.0 million generated from a sales increase of 15%, offset partially by increased selling and distribution expenses of $6.1 million.

As in recent years, we expect to continue to experience modest demand growth for the products we manufacture and distribute in 2017. As of July 2017, the Blue Chip consensus forecast for 2017 reflects 1.23 million total U.S. housing starts, a 5% expected increase from 2016 levels. We expect to manage our production levels to our sales demand, which will likely result in operating some of our facilities below their capacity as we did in 2016. We also expect plywood sales volumes to be below prior year levels as we shift more veneer away from plywood in support of our EWP growth. Future commodity product pricing could be volatile in response to industry operating rates, net import and export activity, the North American softwood lumber trade dispute, inventory levels in our distribution channels, and seasonal demand patterns. We expect sequential improvement in EWP net price realizations in the second half of 2017.

You can join the webcast through the Company's website by going to www.bc.com and clicking on the Event Calendar link under the Investor Relations heading. Please go to the website at least 15 minutes before the start of the webcast to register. To join the conference call, dial 844-795-4410 (international callers should dial 661-378-9637), participant passcode 53370179, at least 10 minutes before the start of the call.

The archived webcast will be available in the Investor Relations section of the Company's website. A replay of the conference call will be available from Thursday, July 27, at 2 p.m. Eastern through Thursday, August 3, at 2 p.m. Eastern. Replay numbers are 855-859-2056 for U.S. callers and 404-537-3406 for international callers, and the passcode will be 53370179.

As of January 1, 2017, we operate our business using two reportable segments: Wood Products and Building Materials Distribution. Prior to January 1, 2017, we operated our business using three reportable segments: Wood Products, Building Materials Distribution, and Corporate and Other. This change is based on Corporate and Other no longer earning revenue as of January 1, 2017 and thus no longer meeting the definition of a reportable segment. Corporate and Other results are now presented as reconciling items to arrive at total net sales and operating income. Corresponding information for the three and six months ended June 30, 2016 has been revised to conform with current presentation.

We refer to the terms EBITDA and Adjusted EBITDA in this earnings release as supplemental measures of our performance and liquidity that are not required by or presented in accordance with generally accepted accounting principles in the United States ("GAAP"). We define EBITDA as income before interest (interest expense and interest income), income taxes, and depreciation and amortization. Additionally, we disclose Adjusted EBITDA, which further adjusts EBITDA to exclude the change in fair value of interest rate swaps and loss on extinguishment of debt.

We believe EBITDA and Adjusted EBITDA are meaningful measures because they present a transparent view of our recurring operating performance and allow management to readily view operating trends, perform analytical comparisons, and identify strategies to improve operating performance. We also believe EBITDA and Adjusted EBITDA are useful to investors because they provide a means to evaluate the operating performance of our segments and our Company on an ongoing basis using criteria that are used by our management and because they are frequently used by investors and other interested parties when comparing companies in our industry that have different financing and capital structures and/or tax rates. EBITDA and Adjusted EBITDA, however, are not measures of our liquidity or financial performance under GAAP and should not be considered as alternatives to net income, income from operations, or any other performance measure derived in accordance with GAAP or as alternatives to cash flow from operating activities as a measure of our liquidity. The use of EBITDA and Adjusted EBITDA instead of net income or segment income (loss) have limitations as analytical tools, including the inability to determine profitability; the exclusion of interest expense, interest income, and associated significant cash requirements; and the exclusion of depreciation and amortization, which represent unavoidable operating costs. Management compensates for these limitations by relying on our GAAP results. Our measures of EBITDA and Adjusted EBITDA are not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the methods of calculation.

This press release includes statements about our expectations of future operational and financial performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The accuracy of such statements is subject to a number of risks, uncertainties, and assumptions that could cause our actual results to differ materially from those projected, including, but not limited to, prices for building products, the effect of general economic conditions, mortgage rates and availability, housing demand, housing vacancy rates, governmental regulations, unforeseen production disruptions, as well as natural disasters. These and other factors that could cause actual results to differ materially from such forward-looking statements are discussed in greater detail in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this press release. We undertake no obligation to revise them in light of new information. Finally, we undertake no obligation to review or confirm analyst expectations or estimates that might be derived from this release.



	Three Months Ended									Six Months Ended
	June 30						March 31, 2017			June 30
	2017			2016						2017			2016

Sales	$	1,138,939		$	1,043,773		$	974,443		$	2,113,382		$	1,924,468

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	980,226			894,715			846,767			1,826,993			1,664,259
Depreciation and amortization	19,601			18,552			19,344			38,945			33,790
Selling and distribution expenses	82,336			76,855			73,701			156,037			144,896
General and administrative expenses	15,565			15,612			13,572			29,137			31,664
Other (income) expense, net	(1,238		)	172			(35		)	(1,273		)	(1,413		)
	1,096,490			1,005,906			953,349			2,049,839			1,873,196

Income from operations	42,449			37,867			21,094			63,543			51,272

Foreign currency exchange gain	13			28			28			41			226
Interest expense	(6,491		)	(6,427		)	(6,364		)	(12,855		)	(12,229		)
Interest income	54			27			33			87			176
Change in fair value of interest rate swaps	(724		)	(1,532		)	295			(429		)	(1,601		)
	(7,148		)	(7,904		)	(6,008		)	(13,156		)	(13,428		)

Income before income taxes	35,301			29,963			15,086			50,387			37,844
Income tax provision	(13,147		)	(10,735		)	(5,066		)	(18,213		)	(13,666		)
Net income	$	22,154		$	19,228		$	10,020		$	32,174		$	24,178

Weighted average common shares outstanding:
Basic	38,643			38,814			38,500			38,572			38,834
Diluted	39,002			38,972			38,901			38,931			38,850

Net income per common share:
Basic	$	0.57		$	0.50		$	0.26		$	0.83		$	0.62
Diluted	$	0.57		$	0.49		$	0.26		$	0.83		$	0.62



	Three Months Ended									Six Months Ended
	June 30						March 31, 2017			June 30
	2017			2016						2017			2016

Segment sales	$	350,277		$	346,358		$	325,657		$	675,934		$649,815

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	309,876			303,803			292,460			602,336			577,745
Depreciation and amortization	15,264			14,769			15,151			30,415			26,403
Selling and distribution expenses	7,563			8,108			7,736			15,299			15,483
General and administrative expenses	3,213			3,173			2,870			6,083			9,271
Other (income) expense, net	(1,034		)	196			52			(982		)	(1,281		)
	334,882			330,049			318,269			653,151			627,621

Segment income	$	15,395		$	16,309		$	7,388		$	22,783		$	22,194

	(percentage of sales)

Segment sales	100.0		%	100.0		%	100.0		%	100.0		%	100.0		%

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	88.5		%	87.7		%	89.8		%	89.1		%	88.9		%
Depreciation and amortization	4.4		%	4.3		%	4.7		%	4.5		%	4.1		%
Selling and distribution expenses	2.2		%	2.3		%	2.4		%	2.3		%	2.4		%
General and administrative expenses	0.9		%	0.9		%	0.9		%	0.9		%	1.4		%
Other (income) expense, net	(0.3		)%	0.1		%	—		%	(0.1		)%	(0.2		%)
	95.6		%	95.3		%	97.7		%	96.6		%	96.6		%

Segment income	4.4		%	4.7		%	2.3		%	3.4		%	3.4		%



	Three Months Ended									Six Months Ended
	June 30						March 31			June 30
	2017			2016			2017			2017			2016

Segment sales	$	980,706		$	850,042		$	815,683		$	1,796,389		$	1,567,296

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	862,349			743,700			721,299			1,583,648			1,379,478
Depreciation and amortization	3,856			3,354			3,726			7,582			6,589
Selling and distribution expenses	74,648			68,574			65,848			140,496			129,076
General and administrative expenses	5,548			5,356			4,994			10,541			9,859
Other (income) expense, net	(204		)	(59		)	(149		)	(352		)	(196		)
	946,197			820,925			795,718			1,741,915			1,524,806

Segment income	$	34,509		$	29,117		$	19,965		$	54,474		$	42,490

	(percentage of sales)

Segment sales	100.0		%	100.0		%	100.0		%	100.0		%	100.0		%

Costs and expenses
Materials, labor, and other operating expenses (excluding depreciation)	87.9		%	87.5		%	88.4		%	88.2		%	88.0		%
Depreciation and amortization	0.4		%	0.4		%	0.5		%	0.4		%	0.4		%
Selling and distribution expenses	7.6		%	8.1		%	8.1		%	7.8		%	8.2		%
General and administrative expenses	0.6		%	0.6		%	0.6		%	0.6		%	0.6		%
Other (income) expense, net	—		%	—		%	—		%	—		%	—		%
	96.5		%	96.6		%	97.6		%	97.0		%	97.3		%

Segment income	3.5		%	3.4		%	2.4		%	3.0		%	2.7		%



	Three Months Ended									Six Months Ended
	June 30						March 31, 2017			June 30
	2017			2016			March 31, 2017			2017			2016
Segment sales
Wood Products	$	350,277		$	346,358		$	325,657		$	675,934		$	649,815
Building Materials Distribution	980,706			850,042			815,683			1,796,389			1,567,296
Intersegment eliminations and other	(192,044		)	(152,627		)	(166,897		)	(358,941		)	(292,643		)
Total net sales	$	1,138,939		$	1,043,773		$	974,443		$	2,113,382		$	1,924,468

Segment income
Wood Products	$	15,395		$	16,309		$	7,388		$	22,783		$	22,194
Building Materials Distribution	34,509			29,117			19,965			54,474			42,490
Total segment income	49,904			45,426			27,353			77,257			64,684
Unallocated corporate and other	(7,455		)	(7,559		)	(6,259		)	(13,714		)	(13,412		)
Income from operations	$	42,449		$	37,867		$	21,094		$	63,543		$	51,272

Segment EBITDA (a)
Wood Products	$	30,659		$	31,078		$	22,539		$	53,198		$	48,597
Building Materials Distribution	38,365			32,471			23,691			62,056			49,079



	June 30, 2017		December 31, 2016

ASSETS

Current
Cash and cash equivalents	$	104,713	$	103,978
Receivables
Trade, less allowances of $915 and $1,459	312,368		199,191
Related parties	464		506
Other	9,348		10,952
Inventories	490,711		433,451
Prepaid expenses and other	11,655		12,381
Total current assets	929,259		760,459

Property and equipment, net	556,484		568,702
Timber deposits	17,370		14,901
Goodwill	55,433		55,433
Intangible assets, net	15,446		15,547
Deferred income taxes	8,634		8,840
Other assets	13,463		15,315
Total assets	$	1,596,089	$	1,439,197



	June 30, 2017			December 31, 2016

LIABILITIES AND STOCKHOLDERS' EQUITY

Current
Accounts payable
Trade	$	294,039		$	194,010
Related parties	2,088			1,903
Accrued liabilities
Compensation and benefits	63,097			67,752
Interest payable	6,794			6,860
Other	62,641			42,339
Total current liabilities	428,659			312,864

Debt
Long-term debt	438,200			437,629

Other
Compensation and benefits	83,743			83,164
Deferred income taxes	10,919			6,339
Other long-term liabilities	20,266			19,197
	114,928			108,700

Commitments and contingent liabilities

Stockholders' equity
Preferred stock, $0.01 par value per share; 50,000 shares authorized, no shares issued and outstanding	—			—
Common stock, $0.01 par value per share; 300,000 shares authorized, 43,705 and 43,520 shares issued, respectively	437			435
Treasury Stock, 5,167 shares at cost	(133,979		)	(133,979		)
Additional paid-in capital	517,141			515,410
Accumulated other comprehensive loss	(82,517		)	(83,012		)
Retained earnings	313,220			281,150
Total stockholders' equity	614,302			580,004
Total liabilities and stockholders' equity	$	1,596,089		$	1,439,197



	Six Months Ended
	June 30
	2017			2016
Cash provided by (used for) operations
Net income	$	32,174		$	24,178
Items in net income not using (providing) cash
Depreciation and amortization, including deferred financing costs and other	39,929			34,661
Stock-based compensation	4,443			3,866
Pension expense	683			1,212
Deferred income taxes	4,542			3,901
Change in fair value of interest rate swaps	429			1,601
Other	(1,259		)	72
Decrease (increase) in working capital, net of acquisitions
Receivables	(107,781		)	(76,937		)
Inventories	(57,260		)	(59,304		)
Prepaid expenses and other	(3,960		)	(4,508		)
Accounts payable and accrued liabilities	114,908			96,403
Pension contributions	(1,145		)	(2,778		)
Income taxes payable	7,063			18,696
Other	(1,288		)	4,955
Net cash provided by operations	31,478			46,018

Cash provided by (used for) investment
Expenditures for property and equipment	(29,551		)	(35,101		)
Acquisitions of businesses and facilities	—			(215,900		)
Proceeds from sales of assets and other	1,840			255
Net cash used for investment	(27,711		)	(250,746		)

Cash provided by (used for) financing
Borrowings of long-term debt, including revolving credit facility	366,400			352,700
Payments on long-term debt, including revolving credit facility	(366,400		)	(232,700		)
Treasury stock purchased	—			(2,632		)
Financing costs	(25		)	(543		)
Tax withholding payments on stock-based awards	(2,901		)	(383		)
Other	(106		)	(121		)
Net cash provided by (used for) financing	(3,032		)	116,321

Net increase (decrease) in cash and cash equivalents	735			(88,407		)

Balance at beginning of the period	103,978			184,496

Balance at end of the period	$	104,713		$	96,089

The Consolidated Statements of Operations, Segment Statements of Operations, Consolidated Balance Sheets, Consolidated Statements of Cash Flows, and Segment Information presented herein do not include the notes accompanying the Company's Consolidated Financial Statements and should be read in conjunction with the Company’s 2016 Form 10-K and the Company’s other filings with the Securities and Exchange Commission. Net income for all periods presented involved estimates and accruals.



	Three Months Ended									Six Months Ended
	June 30						March 31, 2017			June 30
	2017			2016			March 31, 2017			2017			2016

	(unaudited, in thousands)

Net income	$	22,154		$	19,228		$	10,020		$	32,174		$	24,178
Interest expense	6,491			6,427			6,364			12,855			12,229
Interest income	(54		)	(27		)	(33		)	(87		)	(176		)
Income tax provision	13,147			10,735			5,066			18,213			13,666
Depreciation and amortization	19,601			18,552			19,344			38,945			33,790
EBITDA	61,339			54,915			40,761			102,100			83,687
Change in fair value of interest rate swaps	724			1,532			(295		)	429			1,601
Adjusted EBITDA	$	62,063		$	56,447		$	40,466		$	102,529		$	85,288

The following table reconciles segment income and unallocated corporate costs to EBITDA and adjusted EBITDA for the three months ended June 30, 2017 and 2016, and March 31, 2017, and the six months ended June 30, 2017 and 2016:



	Three Months Ended									Six Months Ended
	June 30						March 31, 2017			June 30
	2017			2016			March 31, 2017			2017			2016

	(unaudited, in thousands)
Wood Products
Segment income	$	15,395		$	16,309		$	7,388		$	22,783		$	22,194
Depreciation and amortization	15,264			14,769			15,151			30,415			26,403
EBITDA	$	30,659		$	31,078		$	22,539		$	53,198		$	48,597

Building Materials Distribution
Segment income	$	34,509		$	29,117		$	19,965		$	54,474		$	42,490
Depreciation and amortization	3,856			3,354			3,726			7,582			6,589
EBITDA	$	38,365		$	32,471		$	23,691		$	62,056		$	49,079

Corporate and Other
Unallocated corporate expenses	$	(7,455	)	$	(7,559	)	$	(6,259	)	$	(13,714	)	$	(13,412	)
Foreign currency exchange gain	13			28			28			41			226
Change in fair value of interest rate swaps	(724		)	(1,532		)	295			(429		)	(1,601		)
Depreciation and amortization	481			429			467			948			798
EBITDA	(7,685		)	(8,634		)	(5,469		)	(13,154		)	(13,989		)
Change in fair value of interest rate swaps	724			1,532			(295		)	429			1,601
Corporate and other adjusted EBITDA	$	(6,961	)	$	(7,102	)	$	(5,764	)	$	(12,725	)	$	(12,388	)

Total company adjusted EBITDA	$	62,063		$	56,447		$	40,466		$	102,529		$	85,288



	2Q 2017 vs. 2Q 2016	2Q 2017 vs. 1Q 2017

Average Net Selling Prices
LVL	(1)%	—%
I-joists	(4)%	(2)%
Plywood	11%	7%
Lumber	18%	8%
Sales Volumes
LVL	1%	3%
I-joists	—%	5%
Plywood	(2)%	10%
Lumber	(13)%	2%



Boise Cascade		Exhibit 99.1
1111 West Jefferson Street Ste 300 PO Box 50 Boise, ID 83728



Investor Relations Contact - Wayne Rancourt 208 384 6073		Media Contact - John Sahlberg 208 384 6451



News Release