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6 stories mentioning BCCUpdated 12d ago

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Boise Cascade to Become Sole US Distributor of James Hardie's Exterior Building Products

Boise Cascade (BCC) and James Hardie Industries' (JHX) said Monday that Boise Cascade will become the sole US distributor of James Hardie's and its North American affiliates' complete portfolio of exterior building products, effective July 31.Financial terms of the expanded partnership were not disclosed.Boise Cascade shares were 4.5% higher in early Monday trading, while James Hardie was up 3.5%.Price: $76.38, Change: $+1.00, Percent Change: +1.33%

$BCC$JHX
Wire

James Hardie Industries' Growth Story Driven by Execution, Oppenheimer Says

James Hardie Industries' (JHX) remains a company-specific growth story driven more by execution than broader housing trends, increasing conviction in its long-term earnings power, Oppenheimer said in a note Wednesday.The company's preliminary fiscal Q1 results boosts bull case, with EBITDA about 10% above consensus and fiber cement volume up mid-teens, supporting the view of fiber cement re-emerging as an organic growth story, according to the note.The investment firm said feedback from over 80 dealers and distributors suggest that James Hardie's TimberTech is a logical replacement for Trex within Boise Cascade's (BCC) decking portfolio.Oppenheimer said a broader Boise Cascade rollout would strengthen the rationale for the Azek acquisition and serve as a repeatable blueprint for additional distributor wins.The firm said it continues to view James Hardie as a "beat-and-raise" story, with a path to $1.8 billion in EBITDA in fiscal 2028, supported by market growth, price, volume, and commercial revenue synergies.Oppenheimer kept an outperform rating on James Hardie Industries, with a price target of $32.Price: $26.19, Change: $-0.71, Percent Change: -2.62%

$BCC$JHX
Wire

James Hardie 'Beat-and-Raise' Case Strengthened by Growth Drivers: Oppenheimer Says

James Hardie Industries (JHX) remains a "beat-and-raise" story, with company-specific factors rather than broader market growth expected to drive earnings over the next two years, Oppenheimer said in a report Thursday.The firm said the company's growth should be supported by "organic volume" gains in its siding and trim business, "commercial revenue synergies" from the AZEK acquisition and continued market share gains.Oppenheimer says earnings before interest, taxes, depreciation, and amortization could reach $1.56 billion in fiscal 2027 in an upside scenario, above the Wall Street estimate of $1.41 billion, and increase to $1.8 billion in fiscal 2028, while strong free cash flow generation is expected to reduce leverage "below 2x.""New product launches," builder wins, the exit of competitor Nichiha from the fiber cement market and stronger-than-expected growth in the decking, railing and accessories segment could further lift results. Additional upside could come from distribution share gains with Boise Cascade (BCC) and other partners, the report said.Oppenheimer has an outperform rating on James Hardie Industries with a price target of $30.Price: $26.83, Change: $+0.52, Percent Change: +2.00%

$BCC$JHX
Wire

Packaging, Forest Products Face Lackluster Demand, Weak Volumes, BofA Says

Packaging and forest products companies face lackluster demand and weak volumes outside beverage cans and selected specialty markets, BofA Securities analysts said in a Tuesday note.Analysts said that while inflation headwinds are expected to fade in the second half of the year, assuming a renewed ceasefire in the Middle East, foreign exchange could become an earnings risk.BofA said that beverage cans remain its preferred subsector, driven by stronger demand, improving aluminum economics, innovation, and the World Cup.Analysts said they are cautious on glass and paper, where volume weakness and potential operating-rate pressures could weigh on outlooks.BofA upgraded AptarGroup's (ATR) rating to buy from neutral, and raised its price objective to $173 from $148.It downgraded O-I Glass (OI) to underperform from buy, Greif (GEF) to underperform from neutral, and International Paper (IP) and Sylvamo (SLVM) to neutral from buy.BofA also resumed coverage of Graphic Packaging (GPK) with a neutral rating and a $12 price objective.Analysts increased the price objective on Ardagh Metal Packaging (AMBP) to $4.70 from $4; Amcor (AMCR) to $51 from $48; Avery Dennison (AVY) to $210 from $202; Ball (BALL) to $73 from $70; Crown (CCK) to $145 from $129; Karat Packaging (KRT) to $34 from $23; Silgan (SLGN) to $58 from $53; and Sonoco Products (SON) to $69 from $65.They also raised the price objective on Boise Cascade (BCC) to $81 from $80; Louisiana-Pacific (LPX) to $101 from $85; Packaging Corporation of America (PKG) to $263 from $242; and Greif to $70 from $68.BofA lowered its price objective on O-I Glass to $11 from $13, International Paper to $41 from $44, and Sylvamo to $45 from $58.Price: $128.79, Change: $+3.90, Percent Change: +3.12%

$AMBP$AMCR$ATR$AVY$BALL$BCC$CCK$GEF$IP$KRT$LPX$OI$PKG$SLGN$SLVM$SON
Wire

Trex Reports Higher Prelim Q2 Net Sales, Revises 2026 Guidance

Trex (TREX) said late Monday it now expects Q2 net sales of $418 million, up from $387.8 million a year earlier.It earlier expected sales of $388 million to $403 million. Analysts polled by FactSet expected $397.9 million.For the full-year 2026, the company now expects net sales of $1.22 billion to $1.25 billion from $1.185 billion to $1.23 billion earlier.Analysts expect $1.21 billion.The company also said that Specialty Building Products will be its only national distributor of decking and railing products across North America.Trex said it will transition away from Boise Cascade (BCC) as a distributor of its products.

$BCC$TREX
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Truist Adjusts Price Target on Boise Cascade to $97 From $100, Maintains Buy Rating

Boise Cascade (BCC) has an average rating of overweight and mean price target of $92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $73.01, Change: $+0.88, Percent Change: +1.22%

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