v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Sales to External Customers BMD and Wood Products segment sales to external customers, including related parties, by product line, are as follows:
Three Months Ended
June 30		Six Months Ended
June 30
2026202520262025
(millions)
Building Materials Distribution
General line$796.3 $733.7 $1,421.3 $1,333.5 
Commodity590.5 551.8 1,083.3 1,068.7 
Engineered wood products310.7 329.4 581.8 619.9 
1,697.4 1,614.9 3,086.4 3,022.0 
Wood Products (a)
LVL (b)14.2 14.3 24.6 31.0 
I-joists (b)6.9 8.7 11.7 19.9 
Other engineered wood products (b)3.0 5.7 5.1 12.5 
Plywood and veneer72.7 61.6 131.9 121.4 
Lumber13.4 12.6 25.6 25.2 
Byproducts15.7 15.8 31.1 31.5 
Other8.0 6.5 13.6 13.0 
133.9 125.2 243.6 254.6 
$1,831.3 $1,740.1 $3,329.9 $3,276.6 
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(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 the six months ended June 30, 2026 and 2025, approximately 77% and 74%, respectively, 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
June 30		Six Months Ended
June 30
2026202520262025
(thousands)
Building Materials Distribution
Sales$1,697,494 $1,614,915 $3,086,442 $3,022,031 
Less:
Materials, labor, and other operating expenses (excluding depreciation) (a)1,439,101 1,365,755 2,628,337 2,566,695 
Selling and distribution expenses161,674 150,865 302,948 283,964 
Other segment items (b)11,097 6,447 21,310 16,745 
Depreciation and amortization15,505 13,815 30,788 28,177 
1,627,377 1,536,882 2,983,383 2,895,581 
Segment income from operations$70,117 $78,033 $103,059 $126,450 
Wood Products
Sales$459,603 $447,235 $857,807 $863,080 
Less:
Materials, labor, and other operating expenses (excluding depreciation) (a)390,877 398,451 743,862 760,697 
Other segment items (b)16,355 11,492 29,617 24,896 
Depreciation and amortization26,718 23,316 50,183 45,802 
433,950 433,259 823,662 831,395 
Segment income from operations$25,653 $13,976 $34,145 $31,685 
Reconciliation of sales
Building Materials Distribution$1,697,494 $1,614,915 $3,086,442 $3,022,031 
Wood Products459,603 447,235 857,807 863,080 
Intersegment eliminations (c)(325,762)(322,036)(614,300)(608,503)
Total net sales$1,831,335 $1,740,114 $3,329,949 $3,276,608 
Reconciliation of income
Building Materials Distribution$70,117 $78,033 $103,059 $126,450 
Wood Products 25,653 13,976 34,145 31,685 
Unallocated corporate costs (d)(11,794)(11,479)(25,443)(23,086)
Income from operations$83,976 $80,530 $111,761 $135,049 
Interest expense(7,106)(5,183)(13,125)(10,495)
Interest income2,152 4,623 5,089 10,133 
Other unallocated items (e)(450)626 (721)103 
Income before income taxes$78,572 $80,596 $103,004 $134,790 
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(a)    Substantially all costs included in "Materials, labor, and other operating expenses (excluding depreciation)" for our BMD segment are for inventory purchased for resale. "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.
(b)    Other segment items for our BMD segment includes general and administrative expenses and other income (expense). Other segment items for our Wood Products segment includes selling and distribution expenses, 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 the six months ended June 30, 2026, unallocated corporate costs includes $1.8 million of estimated insurance losses related to a fire at our Florien veneer and plywood facility.

(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.

June 30,
2026		December 31,
2025
(thousands)
Assets
Building Materials Distribution$1,863,419 $1,580,239 
Wood Products1,204,452 1,183,351 
Corporate320,401 478,353 
Total assets$3,388,272 $3,241,943 

Three Months Ended
June 30		Six Months Ended
June 30
2026202520262025
(thousands)
Capital expenditures
Building Materials Distribution (a)$8,192 $39,588 $31,103 $62,019 
Wood Products15,154 39,358 31,817 70,047 
Corporate145 106 395 191 
Total capital expenditures$23,491 $79,052 $63,315 $132,257 
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(a)    For the six months ended June 30, 2026, capital expenditures for BMD is reported net of a $2.5 million promissory note, which partially funded the purchase of our previously leased distribution facility in Boise, Idaho.