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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Sales to External Customers | Wood Products and BMD segment sales to external customers, including related parties, by product line, are as follows:
| Three Months Ended September 30 |  | Nine Months Ended September 30
| 2025 |  | 2024 |  | 2025 |  | 2024
| (millions)
Wood Products (a) |  |  |  |  |  |  |
LVL (b) | $ | 7.3 |  |  | $ | 21.5 |  |  | $ | 38.4 |  |  | $ | 46.7 |
I-joists (b) | 5.4 |  |  | 14.3 |  |  | 25.3 |  |  | 30.5 |
Other engineered wood products (b) | 3.6 |  |  | 5.6 |  |  | 16.1 |  |  | 22.0 |
Plywood and veneer | 60.7 |  |  | 70.2 |  |  | 182.1 |  |  | 220.0 |
Lumber | 12.1 |  |  | 13.9 |  |  | 37.3 |  |  | 42.3 |
Byproducts | 16.2 |  |  | 15.7 |  |  | 47.8 |  |  | 51.2 |
Other | 6.3 |  |  | 5.1 |  |  | 19.3 |  |  | 16.4 |
| 111.7 |  |  | 146.3 |  |  | 366.2 |  |  | 429.1 |
Building Materials Distribution |  |  |  |  |  |  |
Commodity | 531.5 |  |  | 547.7 |  |  | 1,600.1 |  |  | 1,679.5 |
General line | 727.4 |  |  | 685.7 |  |  | 2,060.9 |  |  | 2,005.2 |
Engineered wood products | 297.3 |  |  | 334.1 |  |  | 917.1 |  |  | 1,043.0 |
| 1,556.2 |  |  | 1,567.5 |  |  | 4,578.2 |  |  | 4,727.7 |
| $ | 1,667.8 |  |  | $ | 1,713.7 |  |  | $ | 4,944.4 |  |  | $ | 5,156.8 |
___________________________________ (a) Amounts represent sales to external customers. Sales are calculated after intersegment sales eliminations to our BMD segment. (b) Sales of EWP to external customers are net of the cost of all EWP rebates and sales allowances provided at various stages of the supply chain (including distributors, dealers, and homebuilders). For both the nine months ended September 30, 2025 and 2024, approximately 75% of Wood Products' EWP sales volumes were to our BMD segment.
Schedule of Segment Information | An analysis of our operations by segment is as follows:
| Three Months Ended September 30 |  | Nine Months Ended September 30
| 2025 |  | 2024 |  | 2025 |  | 2024
| (thousands)
Wood Products |  |  |  |  |  |  |
Sales | $ | 396,401 |  |  | $ | 453,896 |  |  | $ | 1,259,481 |  |  | $ | 1,412,647 |
Less: |  |  |  |  |  |  |
Materials, labor, and other operating expenses (excluding depreciation) (a) | 368,406 |  |  | 361,313 |  |  | 1,129,103 |  |  | 1,097,954 |
Other segment items (b) | 13,489 |  |  | 15,179 |  |  | 38,385 |  |  | 46,617 |
Depreciation and amortization | 26,561 |  |  | 23,551 |  |  | 72,363 |  |  | 70,205 |
| 408,456 |  |  | 400,043 |  |  | 1,239,851 |  |  | 1,214,776 |
Segment income (loss) from operations | $ | (12,055) |  |  | $ | 53,853 |  |  | $ | 19,630 |  |  | $ | 197,871 |
Building Materials Distribution |  |  |  |  |  |  |
Sales | $ | 1,556,150 |  |  | $ | 1,567,466 |  |  | $ | 4,578,181 |  |  | $ | 4,727,708 |
Less: |  |  |  |  |  |  |
Materials, labor, and other operating expenses (excluding depreciation) (a) | 1,321,283 |  |  | 1,322,001 |  |  | 3,887,978 |  |  | 4,009,932 |
Selling and distribution expenses | 154,841 |  |  | 146,994 |  |  | 438,805 |  |  | 419,324 |
Other segment items (b) | 10,195 |  |  | 10,722 |  |  | 26,940 |  |  | 29,992 |
Depreciation and amortization | 15,545 |  |  | 12,928 |  |  | 43,722 |  |  | 35,776 |
| 1,501,864 |  |  | 1,492,645 |  |  | 4,397,445 |  |  | 4,495,024 |
Segment income from operations | $ | 54,286 |  |  | $ | 74,821 |  |  | $ | 180,736 |  |  | $ | 232,684 |
Reconciliation of sales |  |  |  |  |  |  |
Wood Products | $ | 396,401 |  |  | $ | 453,896 |  |  | $ | 1,259,481 |  |  | $ | 1,412,647 |
Building Materials Distribution | 1,556,150 |  |  | 1,567,466 |  |  | 4,578,181 |  |  | 4,727,708 |
Intersegment eliminations (c) | (284,745) |  |  | (307,638) |  |  | (893,248) |  |  | (983,541) |
Total net sales | $ | 1,667,806 |  |  | $ | 1,713,724 |  |  | $ | 4,944,414 |  |  | $ | 5,156,814 |
Reconciliation of income (loss) |  |  |  |  |  |  |
Wood Products | $ | (12,055) |  |  | $ | 53,853 |  |  | $ | 19,630 |  |  | $ | 197,871 |
Building Materials Distribution | 54,286 |  |  | 74,821 |  |  | 180,736 |  |  | 232,684 |
Unallocated corporate costs (d) | (9,902) |  |  | (11,318) |  |  | (32,988) |  |  | (33,236) |
Income from operations | $ | 32,329 |  |  | $ | 117,356 |  |  | $ | 167,378 |  |  | $ | 397,319 |
Interest expense | (5,327) |  |  | (6,082) |  |  | (15,822) |  |  | (18,257) |
Interest income | 4,181 |  |  | 10,168 |  |  | 14,314 |  |  | 31,308 |
Other unallocated items (e) | (326) |  |  | (603) |  |  | (223) |  |  | (1,787) |
Income before income taxes | $ | 30,857 |  |  | $ | 120,839 |  |  | $ | 165,647 |  |  | $ | 408,583 |
___________________________________ (a) "Materials, labor, and other operating expenses (excluding depreciation)" for our Wood Products segment are the costs associated with Wood Products' manufacturing processes, including wood fiber, labor, glues and resins, energy, operating supplies, maintenance materials, freight, and other manufacturing costs. Substantially all costs included in "Materials, labor, and other operating expenses (excluding depreciation)" for our BMD segment are for inventory purchased for resale. (b) Other segment items for our Wood Products segment includes selling and distribution expenses, general and administrative expenses, and other income (expense). Other segment items for our BMD segment includes general and administrative expenses and other income (expense). (c) Primarily represents intersegment sales from our Wood Products segment to our BMD segment. (d) Unallocated corporate costs include corporate support staff services, and related assets and liabilities. Support services include, but are not limited to, information technology, human resources, finance, accounting, insurance and legal functions. For both the three and nine months ended September 30, 2025, unallocated corporate costs include a $1.9 million settlement gain for property damages at one of our distribution facilities. (e) Other unallocated items include foreign exchange gains and losses, pension expense (excluding service costs) and the change in fair value of interest rate swaps.
| September 30, 2025 |  | December 31, 2024 |  |  |  |
| (thousands)
Assets |  |  |  |  |  |  |
Wood Products | $ | 1,195,969 |  |  | $ | 1,145,555 |  |  |  |  |
Building Materials Distribution | 1,706,459 |  |  | 1,524,214 |  |  |  |  |
Corporate | 499,583 |  |  | 699,614 |  |  |  |  |
Total assets | $ | 3,402,011 |  |  | $ | 3,369,383 |  |  |  |  |
| Three Months Ended September 30 |  | Nine Months Ended September 30
| 2025 |  | 2024 |  | 2025 |  | 2024
| (thousands)
Capital expenditures |  |  |  |  |  |  |
Wood Products | $ | 28,823 |  |  | $ | 24,760 |  |  | $ | 98,870 |  |  | $ | 62,207 |
Building Materials Distribution | 26,353 |  |  | 36,901 |  |  | 88,372 |  |  | 73,477 |
Corporate | 14 |  |  | — |  |  | 205 |  |  | 76 |
Total capital expenditures | $ | 55,190 |  |  | $ | 61,661 |  |  | $ | 187,447 |  |  | $ | 135,760 |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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