Boise Cascade Company Announces Share Repurchase Program and 2015 Capital Spending Plan

Boise Cascade Company (Boise Cascade or the Company)

announced today that its Board of Directors (Board) has approved a share repurchase program, as well as the Company's 2015 capital spending plan.  The Board authorized a common stock repurchase program which allows the Company to purchase up to two million shares of its common stock, on an opportunistic basis, through open market purchases, privately negotiated transactions, or accelerated share repurchase transactions.  "We are pleased to have a share repurchase program in place which enables us to allocate capital to purchase shares when we believe the repurchases will increase value for our long-term shareholders," said Tom Carlile, chief executive officer.  He noted that the Board did not place a time restriction on purchases or on the duration of the program or obligate the Company to purchase any particular amount of shares.  The Company's 2015 capital spending is expected to be between $85 and $95 million, up from the $61 million spent in 2014.  The capital program, which is designed to accelerate the Company's organic growth and provide operating cost reductions over the next two years,