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Burnham Holdings, Inc. Reports Impressive Fourth Quarter 2025 Financials

LANCASTER, PA – February 19, 2026 – In its latest report, Burnham Holdings, Inc. (OTC-Pink: BURCA) has demonstrated substantial growth for the fourth quarter of 2025. The company achieved record high net sales of $91.1 million, reflecting a remarkable 13.8% increase from the same period in 2024. This marks the third consecutive year of record sales, with total net sales for 2025 reaching $258.1 million, up from $233.2 million in 2024.

This impressive performance is largely attributed to strategic adjustments in the company's business portfolio, specifically focused on bolstering its core boiler operations. Notably, the financial statements have been revised to account for the divestiture of subsidiaries Thermo Products, LLC and Norwood Manufacturing, Inc., classified as discontinued operations. This strategic move underscores the company’s commitment to streamlining its focus and enhancing operational efficiency.

Financial Highlights

• - Record Net Sales: The company achieved net sales of $91.1 million in Q4 2025, a jump of $11.0 million from Q4 2024.
• - Enhanced Profit Margins: The gross profit margin rose to 25.0% in Q4, compared to 24.2% a year earlier. Full-year margins also saw improvement, with 2025 gross margin at 23.0% versus 22.3% in 2024.
• - Strategic SGA Investments: Selling, general, and administrative expenses (SGA) as a percentage of net sales were down to 13.6% in Q4, from 17% for the entire year, demonstrating effective management of fixed costs.

Despite these gains, the company reported a net loss of $31.3 million, or $6.68 per share, for Q4 2025, attributed to strategic divestitures to mitigate legacy asbestos liabilities as part of a long-term value protection strategy. This stands in contrast to net income of $4.5 million reported for the same period in 2024. For the whole year, the net loss was $29.4 million, compared to last year's income of $8.3 million, primarily due to significant organizational restructuring costs.

Long-Term Strategic Initiatives

Chris Drew, President and CEO, commented on the quarterly results stating, "We closed the year with record net sales and made significant investments to unify our operating subsidiaries under a focused strategic vision, setting the stage for improved operational efficiency and sustainable growth. While these efforts may impact short-term profitability, they are essential for solidifying our foundation for the future."

The report also detailed the company’s decision on October 7, 2025, to transfer a part of its pension obligations to a third-party insurance company, significantly relieving the company of certain financial burdens. This included approximately $90.4 million of defined benefit pension obligations, optimizing the capital structure for strategic investment opportunities.

Future Outlook

Burnham’s Board of Directors has declared a quarterly dividend of $0.23 per share, reaffirming its commitment to shareholder value amidst ongoing corporate adjustments.

In a proactive stance, the company plans to hold its Annual Meeting virtually on April 27, 2026, allowing investors and stakeholders to engage directly in discussions about future strategies and performance metrics.

For its robust dedication to operational excellence and profitability, Burnham Holdings continues to stand out as a prominent leader in the domestic boiler manufacturing industry. With a forward-looking vision focused on enhancing efficiencies and strategic divestments, BHI aims to drive long-term shareholder wealth while navigating through a dynamic market landscape.

About Burnham Holdings, Inc.

Burnham Holdings is a parent company of several subsidiaries specializing in the manufacturing of residential and commercial boiler products, equipment, and services. The company operates under the ticker symbol