BOISE CASCADE Business Summary

Boise Cascade Company (BCC) is a leading vertically integrated manufacturer and distributor of building materials, generating revenue through the high-volume sale of wood products and wholesale distribution services across North America. The company operates through two primary segments: Wood Products, which manufactures engineered wood products (EWP) such as laminated veneer lumber (LVL), I-joists, and plywood; and Building Materials Distribution (BMD), the company’s largest revenue driver, which distributes a broad range of products including OSB, lumber, and siding to retail dealers and home centers. As a top-three wholesale distributor and a premier EWP producer, Boise Cascade maintains a critical mid-stream position in the residential construction supply chain. It competes directly with Weyerhaeuser Company, Louisiana-Pacific Corporation, and BlueLinx Holdings, leveraging its integrated model to optimize inventory availability and mitigate commodity price volatility. Established in 1957 through the merger of Boise Payette Lumber Company and Cascade Lumber Company, the firm is currently executing a long-term leadership succession plan. As of March 1, 2026, the company is led by CEO Nate Jorgensen, who is set to retire on March 2, 2026, and will be succeeded by current Chief Operating Officer Jeff Strom, a 34-year industry veteran, effective March 3. The executive leadership team includes Kelly Hibbs, who serves as Senior Vice President, Chief Financial Officer, and Treasurer, and Chris Forrey, recently promoted to Senior Vice President of Finance and Investor Relations. The Board of Directors is chaired by Thomas Carlile, a former CEO of the company, and includes Lead Independent Director David Hannah, the former CEO of Reliance Steel & Aluminum Co. The company is characterized by high institutional ownership, with approximately 96% of shares held by major financial entities.