Boise Earnings:Here’s Why Investors are Not Excited Now

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Boise Inc. (NYSE:BZ) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.34%.

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Boise Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 17.65% to $0.14 in the quarter versus EPS of $0.17 in the year-earlier quarter.

Revenue: Rose 4.51% to $627.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Boise Inc. reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.19. It missed the average revenue estimate of $633.77 million.

Quoting Management: “We were pleased with our overall 2012 operating results,” said Alexander Toeldte, president and chief executive officer of Boise Inc. “Our mills and converting operations ran well, and we reduced costs through productivity improvement by reducing usage of key raw materials. During the year, we generated significant free cash flow and returned capital to our shareholders through the payment of two special cash dividends totaling $1.20 per common share. Despite these achievements, our 2012 results were affected adversely by margin compression in some of our Packaging operations and declining prices in our Paper business.”

Key Stats (on next page)…

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