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BURNHAM HLDGS INC A - $BURCA STOCK NEWS

Welcome to our dedicated page for BURNHAM HLDGS A news (Ticker: $BURCA), a resource for investors and traders seeking the latest updates and insights on BURNHAM HLDGS A stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BURNHAM HLDGS A's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Burnham Holdings, Inc., a leading domestic manufacturer of boilers and furnaces, announced the results of the shareholder vote from the Annual Meeting and declared dividends. The company also released its financial results for the first quarter of 2024.
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End-of-Day
-0.23%
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dividends
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Rhea-AI Summary
Burnham Holdings, Inc. reported its first quarter 2024 financial results with net sales of $56.0 million, a 5.9% decrease from 2023. Gross profit margin increased to 24.9% due to cost control. SG&A expenses remained flat. Net income was $3.0 million. EBITDA was $5.6 million. Sales of residential products decreased by 11.4% while commercial products increased by 4.0%. Burnham Holdings reduced debt levels by $15.6 million. The company generated interest expense 40.7% lower than the previous year. Burnham Holdings has new lending facilities providing up to $92.0 million in capacity. The company's 2024 Annual Meeting of Shareholders is being held virtually.
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Rhea-AI Summary
Burnham Holdings, Inc. reported strong financial results for 2023, with net sales reaching $253.0 million, a 5.2% increase from 2022. The company's gross profit margin improved to 23.6%, and net income rose to $9.4 million. Despite higher SG&A expenses and an impairment loss, the company's performance was commendable, leading to a dividend increase of 4.5%.
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Rhea-AI Sentiment
End-of-Day
16.18%
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dividends earnings
Rhea-AI Summary
Burnham Holdings, Inc. (BURCA) announced a quarterly common stock dividend of $0.22 per share and a semi-annual preferred stock dividend of $1.50 per share, both payable on December 29, 2023, with a record date of December 20, 2023. The company's Annual Meeting will be held virtually on April 22, 2024.
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End-of-Day
2.38%
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dividends
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Rhea-AI Summary
Burnham Holdings, Inc. announces new revolving credit facility
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Burnham Holdings, Inc. reports third quarter and nine months results
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4.46%
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3.92%
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Rhea-AI Summary
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5.47%
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BURNHAM HLDGS INC A

OTC:BURCA

BURCA Rankings

BURCA Stock Data

75.71M
9.46%
Building Products & Equipment
Industrials
Link
United States of America
Lancaster