Exhibit 99.2
Boise Cascade Company
Quarterly Statistical Information
Wood Products Segment
 
 
 
 
 
 
2020
 
Q1
Q2
Q3
Q4
YTD
 LVL sales volume (MCF)
4,673

 
 
 
4,673

 I-joist sales volume (MELF)
59,487

 
 
 
59,487

 Plywood sales volume (MSF 3/8")
317,843

 
 
 
317,843

 Lumber sales volume (MBF)
22,807

 
 
 
22,807

 LVL mill net sales price ($/CF)
$
18.50

 
 
 
$
18.50

 I-joist mill net sales price ($/MELF)
$
1,276

 
 
 
$
1,276

 Plywood net sales price ($/MSF 3/8")
$
267

 
 
 
$
267

 Lumber net sales price ($/MBF)
$
520

 
 
 
$
520

 Segment sales (000)
$
320,061

 
 
 
$
320,061

 Segment income
$
3,763

 
 
 
$
3,763

 Segment depreciation and amortization (000)3
$
29,603

 
 
 
$
29,603

 Segment EBITDA (000)1
$
33,366

 
 
 
$
33,366

 EBITDA as a percentage of sales
10.4
%
 
 
 
10.4
%
 Capital spending (000)
$
11,341

 
 
 
$
11,341

 Receivables (000)
$
69,136

 
 
 
 
 Inventories (000)
$
164,230

 
 
 
 
 Accounts payable (000)
$
44,315

 
 
 
 
 
 
 
 
 
 
 
2019
 
Q1
Q2
Q3
Q4
YTD
 LVL sales volume (MCF)
4,332

4,594

4,632

4,343

17,901

 I-joist sales volume (MELF)
52,166

60,402

60,018

53,966

226,552

 Plywood sales volume (MSF 3/8")
335,989

343,035

343,422

314,769

1,337,215

 Lumber sales volume (MBF)
20,394

22,059

22,001

20,816

85,270

 LVL mill net sales price ($/CF)
$
18.87

$
18.70

$
18.59

$
18.51

$
18.66

 I-joist mill net sales price ($/MELF)
$
1,266

$
1,279

$
1,268

$
1,266

$
1,270

 Plywood net sales price ($/MSF 3/8")
$
287

$
272

$
254

$
251

$
266

 Lumber net sales price ($/MBF)
$
653

$
637

$
601

$
552

$
611

 Segment sales (000)
$
319,523

$
334,256

$
325,102

$
296,286

$
1,275,167

 Segment income
$
11,630

$
18,908

$
15,597

$
8,062

$
54,197

 Segment depreciation and amortization (000)
$
13,738

$
14,092

$
15,252

$
14,589

$
57,671

 Segment EBITDA (000)1
$
25,368

$
33,000

$
30,849

$
22,651

$
111,868

 EBITDA as a percentage of sales
7.9
%
9.9
%
9.5
%
7.6
%
8.8
%
 Capital spending (000)
$
10,694

$
10,883

$
9,045

$
22,838

$
53,460

 Receivables (000)
$
65,977

$
69,742

$
65,340

$
46,712

 
 Inventories (000)
$
183,413

$
163,846

$
153,801

$
158,746

 
 Accounts payable (000)
$
45,370

$
50,589

$
46,238

$
44,356

 

1




Boise Cascade Company
Quarterly Statistical Information (continued)
Wood Products Segment (continued)
 
 
 
 
 
 
2018
 
Q1
Q2
Q3
Q4
YTD
 LVL sales volume (MCF)
4,813

4,816

4,463

3,577

17,669

 I-joist sales volume (MELF)
62,525

68,060

61,434

44,995

237,014

 Plywood sales volume (MSF 3/8")
359,911

368,897

368,046

325,870

1,422,724

 Lumber sales volume (MBF)
47,353

45,913

33,911

25,378

152,555

 LVL mill net sales price ($/CF)
$
17.30

$
18.25

$
18.33

$
18.73

$
18.11

 I-joist mill net sales price ($/MELF)
$
1,179

$
1,220

$
1,261

$
1,213

$
1,218

 Plywood net sales price ($/MSF 3/8")
$
356

$
379

$
357

$
306

$
351

 Lumber net sales price ($/MBF)
$
556

$
570

$
623

$
629

$
588

 Segment sales (000)
$
397,991

$
425,483

$
402,672

$
307,124

$
1,533,270

 Segment income (loss) (000)2
$
26,121

$
36,482

$
13,929

$
(86,554
)
$
(10,022
)
 Segment depreciation and amortization (000)4
$
17,544

$
19,453

$
18,727

$
71,265

$
126,989

 Segment EBITDA (000)1,2
$
43,665

$
55,935

$
32,656

$
(15,289
)
$
116,967

 EBITDA as a percentage of sales
11.0
%
13.1
%
8.1
%
(5.0
)%
7.6
%
 Capital spending (000)
$
8,656

$
6,279

$
12,208

$
26,249

$
53,392

 Receivables (000)
$
91,190

$
88,073

$
81,870

$
66,687


 Inventories (000)
$
167,579

$
169,492

$
181,534

$
188,380


 Accounts payable (000)
$
54,774

$
66,285

$
66,379

$
45,260

 
 
 
 
 
 
 
1Segment EBITDA is calculated as segment income (loss) before depreciation and amortization.
2Segment income (loss) and segment EBITDA in third and fourth quarters 2018 include $11.0 million and $24.0 million, respectively, of charges related to the sale of assets.
3Segment depreciation and amortization in first quarter 2020 includes accelerated depreciation of $15.0 million to fully depreciate the curtailed I-joist production assets at our Roxboro, North Carolina facility.
4Segment depreciation and amortization in fourth quarter 2018 includes accelerated depreciation of $55.0 million to fully depreciate the curtailed LVL production assets at our Roxboro, North Carolina facility.

2



Boise Cascade Company
Quarterly Statistical Information (continued)
Building Materials Distribution Segment
 
 
 
 
 
2020
 
Q1
Q2
Q3
Q4
YTD
 Commodity sales
41.9
%
 
 
 
41.9
%
 General line sales
37.9
%
 
 
 
37.9
%
 EWP sales
20.2
%
 
 
 
20.2
%
 Total sales (000)
$
1,049,997

 
 
 
$
1,049,997

 Gross margin1
12.6
%
 
 
 
12.6
%
 Segment income (000)
$
29,302

 
 
 
$
29,302

 Segment depreciation and amortization (000)
$
5,344

 
 
 
$
5,344

 Segment EBITDA (000)2
$
34,646

 
 
 
$
34,646

 EBITDA as a percentage of sales
3.3
%
 
 
 
3.3
%
 Capital spending (000)
$
6,528

 
 
 
$
6,528

 Receivables (000)
$
304,082

 
 
 
 
 Inventories (000)
$
372,084

 
 
 
 
 Accounts payable (000)
$
282,886

 
 
 
 
 
 
 
 
 
 
 
2019
 
Q1
Q2
Q3
Q4
YTD
 Commodity sales
43.9
%
41.0
%
40.8
%
41.4
%
41.7
%
 General line sales
35.6
%
39.2
%
39.7
%
37.8
%
38.2
%
 EWP sales
20.5
%
19.8
%
19.5
%
20.8
%
20.1
%
 Total sales (000)
$
907,708

$
1,097,421

$
1,145,621

$
986,969

$
4,137,719

 Gross margin1
11.8
%
12.4
%
13.0
%
13.0
%
12.6
%
 Segment income (000)
$
17,517

$
33,800

$
38,665

$
26,254

$
116,236

 Segment depreciation and amortization (000)
$
5,132

$
5,028

$
5,278

$
5,331

$
20,769

 Segment EBITDA (000)2
$
22,649

$
38,828

$
43,943

$
31,585

$
137,005

 EBITDA as a percentage of sales
2.5
%
3.5
%
3.8
%
3.2
%
3.3
%
 Capital spending (000)3
$
3,634

$
5,163

$
10,582

$
5,667

$
25,046

 Receivables (000)
$
264,867

$
288,032

$
276,407

$
204,410

 
 Inventories (000)
$
390,447

$
360,605

$
338,787

$
338,851

 
 Accounts payable (000)
$
259,368

$
238,932

$
257,818

$
177,155






3


Boise Cascade Company
Quarterly Statistical Information (continued)
Building Materials Distribution Segment (continued)
 
 
 
 
2018
 
Q1
Q2
Q3
Q4
YTD
 Commodity sales
49.4
%
49.6
%
47.9
%
45.8
%
48.3
%
 General line sales
31.8
%
32.4
%
33.2
%
35.5
%
33.1
%
 EWP sales
18.8
%
18.0
%
18.9
%
18.7
%
18.6
%
 Total sales (000)
$
992,381

$
1,213,783

$
1,159,304

$
922,234

$
4,287,702

 Gross margin1
11.8
%
12.0
%
10.3
%
10.9
%
11.3
%
 Segment income (000)
$
32,388

$
47,713

$
23,504

$
8,905

$
112,510

 Segment depreciation and amortization (000)
$
4,172

$
4,447

$
4,755

$
4,906

$
18,280

 Segment EBITDA (000)2
$
36,560

$
52,160

$
28,259

$
13,811

$
130,790

 EBITDA as a percentage of sales
3.7
%
4.3
%
2.4
%
1.5
%
3.1
%
 Capital spending (000)4
$
4,419

$
8,716

$
7,098

$
5,591

$
25,824

 Receivables (000)
$
294,940

$
321,310

$
277,928

$
193,759

 
 Inventories (000)
$
371,144

$
403,114

$
377,909

$
344,669

 
 Accounts payable (000)
$
282,678

$
304,364

$
260,083

$
178,182

 
 
 
 
 
 
 
1We define gross margin as "Sales" less "Materials, labor, and other operating expenses (excluding depreciation)." Substantially all costs included in "Materials, labor, and other operating expenses (excluding depreciation)" for our Building Materials Distribution segment are for inventory purchased for resale. Gross margin percentage is gross margin as a percentage of segment sales.
2Segment EBITDA is calculated as segment income before depreciation and amortization.
3During 2019, capital spending in second quarter excludes $15.7 million of cash paid for the acquisition of businesses and facilities.
4During 2018, capital spending in second and fourth quarters excludes $17.6 million and $8.0 million, respectively, of cash paid for the acquisition of businesses and facilities.



4


Boise Cascade Company
Quarterly Statistical Information (continued)
Reconciliation of Non-GAAP Financial Measures
(000)
Total Boise Cascade Company
 
 
 
 
 
 
EBITDA represents income (loss) 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. The following tables reconcile net income (loss) to EBITDA and Adjusted EBITDA for the periods noted below:
 
2020
 
Q1
Q2
Q3
Q4
YTD
 
 
 
 
 
 
Net income
$
12,200

 
 
 
$
12,200

Interest expense
6,421

 
 
 
6,421

Interest income
(655
)
 
 
 
(655
)
Income tax provision
4,007

 
 
 
4,007

Depreciation and amortization
35,332

 
 
 
35,332

EBITDA
57,305

 
 
 
57,305

Change in fair value of interest rate swaps
2,314

 
 
 
2,314

Adjusted EBITDA
$
59,619

 
 
 
$
59,619

 
 
 
 
 
 
 
2019
 
Q1
Q2
Q3
Q4
YTD
 
 
 
 
 
 
Net income
$
11,389

$
27,718

$
27,171

$
14,647

$
80,925

Interest expense
6,437

6,486

6,532

6,596

26,051

Interest income
(492
)
(416
)
(837
)
(1,066
)
(2,811
)
Income tax provision
3,200

9,751

9,650

4,705

27,306

Depreciation and amortization
19,217

19,454

20,969

20,501

80,141

EBITDA
39,751

62,993

63,485

45,383

211,612

Change in fair value of interest rate swaps
983

1,551

569

(140
)
2,963

Adjusted EBITDA
$
40,734

$
64,544

$
64,054

$
45,243

$
214,575

 
 
 
 
 
 
 
2018
 
Q1
Q2
Q3
Q4
YTD
 
 
 
 
 
 
Net income (loss)
$
37,050

$
41,825

$
13,848

$
(72,246
)
$
20,477

Interest expense
6,362

6,580

6,585

6,666

26,193

Interest income
(264
)
(237
)
(500
)
(648
)
(1,649
)
Income tax provision (benefit)
9,790

13,835

(814
)
(21,186
)
1,625

Depreciation and amortization
22,111

24,296

23,881

76,549

146,837

EBITDA
75,049

86,299

43,000

(10,865
)
193,483

Change in fair value of interest rate swaps
(1,641
)
(499
)
(279
)
1,868

(551
)
Adjusted EBITDA
$
73,408

$
85,800

$
42,721

$
(8,997
)
$
192,932


For additional information regarding the non-GAAP measures presented in this document, please refer to our press release announcing our first quarter 2020 financial results, a copy of which attached as Exhibit 99.1 to our Current Report on Form 8-K furnished to the Securities and Exchange Commission on May 7, 2020.


5