Business
Burnham Holdings, Inc. Reports Strong First Quarter 2026 Financial Results; Net Sales Surge 18.7% to $66.2 Million
Burnham Holdings, Inc. (OTC-Pink: BURCA) ("BHI", the "Company", "we" or "our") today reported its consolidated financial results for the first quarter of 2026, delivering strong net sales and improved profitability, reflecting early momentum from the prior-year strategic portfolio actions to strengthen its core boiler business.. The financial statement presentation has been adjusted to reflect the previously announced divestiture of its subsidiaries Thermo Products, LLC (TP) and Norwood Manufact
About this update from Burnham Holdings, Inc.
[{"type":"text","content":"Strategic Portfolio Adjustments from 2025 Drive Enhanced Profitability with Net Income up 36% and EBITDA Reaching 9.7% of Net Sales","length":131,"tagName":"p","attribs":{}},{"type":"text","content":"LANCASTER, Pa., April 27, 2026 /PRNewswire/ -- Burnham Holdings, Inc. (OTC-Pink: BURCA) ("BHI", the "Company", "we" or "our") today reported its consolidated financial results for the first quarter of 2026, delivering strong net sales and improved profitability, reflecting early momentum from the prior-year strategic portfolio actions to strengthen its core boiler business.. The financial statement presentation has been adjusted to reflect the previously announced divestiture of its subsidiaries Thermo Products, LLC (TP) and Norwood Manufacturing, Inc. (NMI) as discontinued operations.","length":632,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Sales: Net sales for the first quarter of 2026 reached $66.2 million, up 18.7% ($10.4 million) from the first quarter of 2025.","length":130,"tagName":"p"}]},{"val":[{"type":"text","content":"Solid Gross Profit Margins: Gross profit margin increased to 26.6% in the first quarter of 2026 from 24.5% in the first quarter of 2025.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"Strategic SG&A Investment: Adjusted selling, general, and administrative expenses (SG&A) as a percentage of net sales were 19.8% in the first quarter of 2026 compared to 18.2% for the first quarter of 2025. Although higher on a percentage basis quarter over quarter, SG&A spend for 2026 was in line with expectations of planned initiative spending.","length":360,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Income: Net income from continuing operations for the first quarter of 2026 was $3.4 million, or $0.72 per diluted share, compared with net income from continuing operations of $2.5 million, or $0.54 per diluted share in the first quarter of 2025.","length":251,"tagName":"p"}]},{"val":[{"type":"text","content":"Enhanced Profitability Metrics: EBITDA from continuing operations for the first quarter of 2026 was $6.4 million (9.7% of net sales), an increase from $4.8 million (8.6% of net sales) in the first quarter of 2025.","length":213,"tagName":"p"}]},{"val":[{"type":"text","content":"Increased Shareholder Value: D...