Burnham Holdings Reports Strong Financial Performance for Q2 2025
Burnham Holdings Reports Strong Financial Performance for Q2 2025
Lancaster, PA – July 24, 2025
In a recent announcement, Burnham Holdings, Inc. (OTC-Pink: BURCA) shared its consolidated financial results for the second quarter of 2025, showcasing a solid trajectory of growth propelled by key strategic adjustments within the company’s portfolio. These modifications were focused on enhancing the core boiler business along with boosting service offerings in commercial and industrial sectors.
Key Financial Highlights
The company recorded net sales reaching $53.0 million, marking an increase of 8.5% or $4.1 million compared to the same period last year. Year-to-date net sales surged to $108.7 million, up from $97.7 million in the first six months of 2024.
Gross profit margins held steady at 21.6% for Q2 2025, indicative of the efficiencies obtained in operational processes across the commercial sectors. Though selling, general, and administrative (SGA) expenses escalated by 18.3% in the second quarter and 18.2% over the first half of the year, this investment aligns with the company’s long-term growth strategy.
Another highlight was the adjusted EBITDA for the first half of 2025, which reached $9.0 million, up from $8.5 million in the previous year. The adjusted net income for Q2 rose to $1.1 million, showing an increase from $0.8 million in the same quarter last year.
Following these results, adjusted diluted earnings per share improved to $0.23, up from $0.18 in the previous year, with year-to-date figures standing at $0.95, as compared to $0.81 for the first half of 2024.
Strategic Initiatives and Adjustments
Chris Drew, President and CEO of Burnham Holdings, commented: “The results from the second quarter reflect not only the strong operational performance across our continuing businesses, but also the beneficial impact of essential strategic decisions made to sharpen our focus and enhance our financial flexibility.”
The company has refined its portfolio with the divestiture of subsidiaries such as Thermo Pride, LLC and Norwood Manufacturing, Inc., categorized as discontinued operations. The wind down of Crown Boiler operations was initiated in early April and is deemed pivotal for improving manufacturing efficiency, thereby aligning resources towards promising growth avenues.
In terms of assets, the recent divestiture of Thermo Pride and Norwood Manufacturing has been a significant move aiming to strengthen the core business while expanding the service operations in commercial and industrial areas. This transaction, which yielded $27.3 million, netted cash proceeds of $23.7 million after necessary adjustments, aiding in reducing the overall debt burden significantly. This has resulted in a notable decrease in interest expense year-over-year.
Commitment to Shareholders
At the Board of Directors meeting on July 24, 2025, a quarterly common stock dividend of $0.23 per share was declared. This dividend is set to be paid on September 25, 2025, to shareholders recorded by September 18, 2025. The commitment to shareholder returns remains a strong focus as the company builds for future growth and strategies.
Conclusion
Burnham Holdings continues to navigate the dynamic market landscape with strategic foresight. As they build on these financial results and operational adjustments, they are poised for sustained growth in the boiler and HVAC sectors. By reinforcing its competencies and aligning resources towards higher growth segments, Burnham Holdings, Inc. is targeting not just operational efficiency but also significant long-term value creation for its stakeholders. For more insights on their offerings and financial journey, visit www.burnhamholdings.com.
Topics General Business）
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