Thursday 05. May 2011
Boise Cascade Holdings Reports First Quarter 2011 Financial Results
Boise Cascade Holdings, L.L.C. (BC Holdings or Company) announced a $19.0 million net loss and ending cash position of $182.8 million for the quarter ended March 31, 2011. Its wholly owned operating subsidiary, Boise Cascade, L.L.C. (Boise Cascade), reported negative first quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) of $5.6 million, which included $2.6 million of charges related to the curtailment of a production facility and noncash asset write-downs. Boise Cascade reported EBITDA losses of $1.8 million and $2.6 million in the first and fourth quarters of 2010, respectively.