Boise Cascade, L.L.C.

Good morning, my name is Dave and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Boise Cascades second quarter 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw your question, please press star and then two. Please note this event is being recorded. I would now like to turn the conference over to Chris Forrey, Senior Vice President, Finance and Investor Relations. Mr. Forrey, you may begin your conference.

Good morning, everyone. I would like to welcome you to Boise Cascade's second quarter 2026 earnings call and business update. Joining me on today's call are Jeff Strom, our CEO, Kelly Hibbs, our CFO, Joe Barney, leader of our building materials distribution operations, and Troy Little, leader of our wood products operations. Turning to slide two, this call will contain forward-looking statements. Please review the warning statements in our press release, on the presentation slides, and in our filings with the SEC regarding the risks associated with these forward-looking statements. Also, please note that the appendix includes reconciliations from our gap net income to EBITDA and adjusted EBITDA and segment income to segment EBITDA. I will now turn the call over to Jeff.

Thanks, Chris. Good morning, everyone, and thank you for joining us for our earnings call. I'm on slide three. In the second quarter, total U.S. housing starts and single-family housing starts decreased 1% and 4%, respectively, compared to prior year quarter. Our consolidated second quarter sales increased 5% year-over-year to $1.8 billion. Our net income and earnings per share were $57.3 million and $1.63 per share, both higher than the prior year quarter when excluding gains on asset sales reflected in prior year results. I'm pleased with the outstanding results we were able to deliver despite continued demand uncertainty resulting from geopolitical events and volatile mortgage rates. The challenges of consumer sentiment and home affordability remain the most significant headwinds for residential construction activity. In this environment, we're continuing to leverage our integrated model, which consistently demonstrates its value and resilience. Moving to slide four. Yesterday, we made the exciting announcement that we're expanding our distribution partnership with James Hardie across their complete portfolio of industry-leading products, including Hardie Siding and Trim, AZEC Exteriors, and TimberTech Decking and Railing. As part of the agreement, James Hardie will consolidate its distribution network across all regional markets and has designated Boise Cascade as its sole nationwide distribution partner. We will transition away from distributing competing siding and PVC trim products and bring in James Hardie's full suite of products nationwide. As the sole nationwide distributor, Boise Cascade will be uniquely positioned to provide our customers with a simpler purchasing experience, deeper engagement and support, and greater access to James Hardie products. This agreement is consistent with our focus on delivering the best products and service for our customers, which is at the core of every strategic decision we make at Boise Cascade. With that said, a partnership of this magnitude will take time to implement. We will work down inventory from legacy suppliers throughout the remainder of the year. During that time, we'll onboard inventory, train our product teams, and begin climbing the sales ramp. We'll provide progress updates as we move through the remainder of 2026 and into 2027. Kelly will now walk through our segment financial results, capital allocation priorities, and third quarter guidance, after which I'll provide insights on our business outlook and make closing comments before we open the call for questions.