Burnham Holdings, Inc. Reports Third Quarter 2026 Financial Results

Nine-month continuing-operations earnings increased, but lower discontinued-operations results left total net income below the prior year.

Rhea-AI Summary

Burnham Holdings (BURCA) reported third-quarter 2026 net sales of $74.583 million, with higher margins and increased earnings from continuing operations. Sales compared with $58.327 million a year earlier, while gross margin rose to 21.5% from 19.6%. Net income increased to $2.084 million, or $0.44 per diluted share, from $1.628 million, or $0.34.

For the first nine months, sales reached $197.361 million versus $167.035 million. Net income fell to $7.454 million from $9.915 million, while continuing-operations income rose to $7.761 million from $1.821 million. Continuing-operations operating cash flow improved to $127,000 from negative $3.384 million. Outstanding debt was $21.5 million at September 27, 2026, versus $14.7 million a year earlier. Third-quarter expenses related to Crown Boiler's voluntary Chapter 11 proceedings were approximately $1.5 million. The company plans new high-efficiency and condensing product launches in 2027.

16 points · 0 major

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0 major · 11 points

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Positive

• Moderate pointThird-quarter sales rose to $74.583 million from $58.327 million a year earlier.
• Moderate pointThird-quarter gross margin increased to 21.5% from 19.6% a year earlier.
• Moderate pointThird-quarter net income rose to $2.084 million from $1.628 million; diluted earnings increased to $0.44 from $0.34.
• Moderate pointNine-month sales increased to $197.361 million from $167.035 million a year earlier.
• Moderate pointNine-month gross margin increased to 23.7% from 21.9% a year earlier.
• Moderate pointNine-month continuing-operations income rose to $7.761 million from $1.821 million; diluted earnings increased to $1.62 from $0.38.
• Moderate pointThird-quarter adjusted EBITDA from continuing operations reached $6.8 million versus $5.2 million; sales margin reached 9.2% versus 8.9%.
• Moderate pointNine-month continuing-operations operating cash flow improved to $127,000 from negative $3.384 million a year earlier.
• Moderate pointThe previously announced revolving credit facility provides $130.0 million of borrowing capacity over five years. 94% of market cap
• Moderate pointSubsidiaries completed approximately $2.7 million of below-market PIDA financing for Condensing Center of Excellence investments. 2% of market cap

6 minor points

• Minor pointThird-quarter continuing-operations income increased to $2.084 million from $827,000 a year earlier.
• Minor pointThird-quarter adjusted continuing-operations net income rose to $2.1 million from $1.0 million; diluted earnings reached $0.44 versus $0.21.
• Minor pointNine-month adjusted continuing-operations net income rose to $7.8 million from $4.4 million; diluted earnings reached $1.62 versus $0.92.
• Minor pointNine-month adjusted EBITDA from continuing operations reached $16.6 million versus $9.9 million; sales margin reached 8.4% versus 5.9%.
• Minor pointCash increased to $9.118 million at September 27, 2026, from $7.657 million at December 31, 2025.
• Minor point. Forward-looking: it has not happened yet and may not happen.Burnham plans to launch new high-efficiency and condensing products in 2027.

Negative

• Moderate pointNine-month net income declined to $7.454 million from $9.915 million; diluted earnings fell to $1.56 from $2.10.
• Moderate pointOutstanding debt reached $21.5 million versus $14.7 million a year earlier, when divestiture proceeds reduced borrowings.
• Moderate pointCrown Boiler Chapter 11-related expenses totaled approximately $1.5 million in the quarter; no bankruptcy plan was confirmed. 1.1% of market cap
• Moderate pointPIDA financing adds approximately $2.7 million of borrowing obligations for two wholly owned subsidiaries. 2% of market cap
• Moderate pointThird-quarter selling, general and administrative expenses rose to $12.771 million from $10.472 million a year earlier.
• Moderate pointThird-quarter interest and investment results fell to a $358,000 loss from a $372,000 gain a year earlier.

5 minor points

• Minor pointNew credit-facility costs of approximately $1.0 million were capitalized for amortization over the five-year facility.
• Minor pointNine-month selling, general and administrative expenses rose to $36.242 million from $31.380 million a year earlier.
• Minor pointNine-month interest and investment gains decreased to $520,000 from $864,000 a year earlier.
• Minor pointThird-quarter interest expense increased to $179,000 from $121,000 a year earlier.
• Minor pointNine-month interest expense increased to $843,000 from $465,000 a year earlier.

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Higher sales and improved margins strengthen third quarter results

LANCASTER, Pa., Oct. 22, 2026 /PRNewswire/ -- Burnham Holdings, Inc. (OTC-Pink: BURCA) ("BHI", the "Company", "we" or "our") today reported strong financial results for the third quarter of 2026, reflecting higher sales, improved margins and significantly stronger profitability as the Company continues to benefit from its strategic focus on its core boiler business.

As with previous 2026 filings, the financial statement presentation has been adjusted to reflect the previously completed divestiture of its subsidiaries Thermo Products, LLC (TP) and Norwood Manufacturing, Inc. (NMI) as discontinued operations.

Key Financial Highlights:

• Strong Top-Line Revenue Growth: Net sales for the third quarter of 2026 reached $74.6 million, up 27.9% ($16.3 million) compared to net sales of $58.3 million in the third quarter of 2025. Year-to-date net sales for the first nine months of 2026 climbed to $197.4 million, compared to $167.0 million for the first nine months of 2025.
• Improved Gross Profit Margins: Gross profit margin for the third quarter of 2026 was 21.5%, compared to 19.6% in the third quarter of 2025. For the first nine months of 2026, year-to-date gross profit margin reached 23.7%, compared to 21.9% in the prior-year period.
• Adjusted Net Income from Continuing Operations: Adjusted net income from continuing operations for the third quarter of 2026 was $2.1 million, or $0.44 per diluted share, compared with adjusted net income from continuing operations of $1.0 million, or $0.21 per diluted share, in the third quarter of 2025. For the first nine months of 2026, adjusted net income from continuing operations was $7.8 million ($1.62 per diluted share), compared with $4.4 million ($0.92 per diluted share) for the first nine months of 2025.
• Enhanced Profitability Metrics: Adjusted EBITDA from continuing operations for the third quarter of 2026 was $6.8 million (9.2% of net sales), compared to $5.2 million (8.9% of net sales) in the third quarter of 2025. For the first nine months, year-to-date adjusted EBITDA from continuing operations reached $16.6 million (8.4% of net sales), compared to $9.9 million (5.9% of net sales) for the first nine months of 2025.
• Balance Sheet and Revolving Credit Facility: Total outstanding debt was $21.5 million as of September 27, 2026, compared to $14.7 million as of September 28, 2025. Prior year debt levels were impacted by the sale of TP and NMI as cash received was applied to outstanding debt; adjusted debt at September 28, 2025, would have been $38.4 million. Total borrowing remains in line with typical seasonal working capital needs and planned inventory investments to support upcoming peak heating season demand.  The Company previously announced a new $130.0 million revolving credit facility on August 6, 2026.  In conjunction with the new facility, the Company capitalized approximately $1.0 million of costs incurred with the new facility and will amortize them over the life of the five-year facility. U.S. Boiler Company, LLC and Thermal Solutions Products, LLC, wholly owned subsidiaries, completed approximately $2.7 million of below-market financing through the Pennsylvania Industrial Development Authority (PIDA) to support investments in real estate improvements and machinery and equipment associated with the Condensing Center of Excellence in Lancaster County, Pennsylvania as further detailed in the Company's October 22, 2025 press release.

During the third quarter of 2026, BHI expanded its product offerings to include chilled water buffer tanks for data center cooling systems, applying its manufacturing expertise to a new application within the broader thermal solutions market.

"Our third-quarter sales growth, margin improvement and strong profitability demonstrate the strength of our go to market strategy," said Chris Drew, President and CEO of Burnham Holdings. "Looking ahead, our product development investments are focused on expanding our core portfolio, with a focus on developing new high efficiency and condensing products for residential and commercial customers that we plan to launch in 2027. In addition, at the request of our current customer base, we are adding chilled water buffer tanks for data center cooling systems to our offerings. Together, these initiatives build on our boiler and thermal solutions expertise and create additional opportunities for growth."

Crown Boiler: As previously disclosed, Burnham Holdings continues to monitor Crown Boiler

Company's voluntary Chapter 11 proceedings. While there have been no material developments in terms of a confirmed bankruptcy plan, the Company incurred approximately $1.5 million in related expenses during the quarter. The Company will provide updates as appropriate.

Subsidiary Litigation Update: As previously disclosed, on October 21, 2025, the New York Court of Appeals denied Burnham LLC's, at that time a wholly owned subsidiary of BHI, petition for leave to appeal the verdict that was entered against the company in Maffei v. A.O. Smith Water Prods. Co. (In re N.Y.C. Asbestos Litigation) matter. On November 6, 2025, the insurer paid the full amount of the award, including punitive damages totaling $7.9 million after accounting for pre- and post-judgment interest.  The Company continues to proactively engage in good faith negotiations with the insurers, and the parties will participate in a settlement conference with a United States Magistrate Judge on November 24, 2026 (Utica Mutual Insurance Company v. Burnham, LLC, Civil Action No. 2:25-cv-06301-PD).  During the third quarter of 2026, the reserve for this matter remained at $5.8 million. As previously disclosed, in the normal course of business, certain subsidiaries of BHI have been named, and may in the future be named, as defendants in various legal actions, including claims for damages alleging exposure to asbestos from products of the Company's subsidiaries (former and current) or their predecessors.

Dividend:  At its meeting on October 22, 2026, the Board of Directors declared a quarterly dividend of $0.23 per share on Class A and Class B Common Stock, and a semi-annual preferred stock dividend of $1.50 per share, payable on December 10, 2026, to shareholders of record on December 3, 2026.

About Burnham Holdings, Inc.:

BHI is the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers for residential applications. Additionally, through its various subsidiaries, it serves the commercial/industrial boiler markets with a variety of boiler products, rental trailers, and boiler room services. BHI is listed on the OTC Exchange under the ticker symbol "BURCA". For more information, please visit www.burnhamholdings.com. 

Safe Harbor Statement:

This Press Release contains forward-looking statements. Other reports, letters, press releases, and investor presentations distributed or made available by the Company may also contain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates, and projections, and you should therefore not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors include, but are not limited to, variations in weather, changes in the regulatory environment, litigation, customer preferences, general economic conditions, technology, product performance, raw material costs, and increased competition.

Non-GAAP Financial Information:

This press release may contain certain non-GAAP financial measures, including, but not limited to, adjusted SG&A, EBITDA, Adjusted EBITDA, Adjusted Net Income, and adjusted diluted earnings per share. These non-GAAP financial measures do not provide investors with an accurate measure of, and should not be used as a substitute for, the comparable financial measures as determined in accordance with accounting principles generally accepted in the United States ("GAAP"). The Company believes these non-GAAP financial measures, when read in conjunction with the comparable GAAP financial measures, give investors a useful tool to assess and understand the Company's overall financial performance, because they exclude items of income or expense that the Company believes are not reflective of its ongoing operating performance, allowing for a better period-to-period comparison of operations of the Company. The Company acknowledges that there are many items that impact a company's reported results, and the adjustments reflected in these non-GAAP measures are not intended to present all items that may have impacted these results. In addition, these non-GAAP measures are not necessarily comparable to similarly titled measures used by other companies.

Burnham Holdings, Inc.
Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)
		Three Months Ended				Nine Months Ended
		September 27,		September 28,		September 27,		September 28,
		2026		2025		2026		2025
Net sales		$          74,583		$          58,327		$        197,361		$        167,035
Cost of goods sold		58,571		46,901		150,622		130,523
Gross profit		16,012		11,426		46,739		36,512
Selling, general and administrative expenses		12,771		10,472		36,242		31,380
Impairment loss		-		181		-		3,318
Operating income		3,241		773		10,497		1,814
Other (expense) / income:
Non-service related pension credit		12		50		37		150
Gain on derivative mark to market		25		-		-		-
Interest and investment (loss) gain		(358)		372		520		864
Interest expense		(179)		(121)		(843)		(465)
Other (expense) / income		(500)		301		(286)		549
Income from continuing operations before income tax		2,741		1,074		10,211		2,363
Income tax expense		657		247		2,450		542
Income from continuing operations		2,084		827		7,761		1,821
Income from discontinued operations, net of tax		-		-		-		1,066
Gain (loss) on sale of discontinued operations, net of tax		-		801		(307)		7,028
Income (loss) from discontinued operations, net of tax		-		801		(307)		8,094
Net income		$            2,084		$            1,628		$            7,454		$            9,915
Earnings per share:
Basic
Income from continuing operations		$              0.44		$              0.18		$              1.64		$              0.39
Income (loss) from discontinued operations		-		0.17		(0.06)		1.73
Basic earnings per share		$              0.44		$              0.35		$              1.58		$              2.12
Diluted
Income from continuing operations		$              0.44		$              0.17		$              1.62		$              0.38
Income (loss) from discontinued operations		-		0.17		(0.06)		1.72
Diluted earnings per share		$              0.44		$              0.34		$              1.56		$              2.10
Cash dividends per share		$              0.23		$              0.23		$              0.69		$              0.69

 

Burnham Holdings, Inc.
Consolidated Balance Sheets
(In thousands)
				(Unaudited)				(Unaudited)
				September 27,		December 31,		September 28,
ASSETS				2026		2025		2025
Current Assets
	Cash and cash equivalents			$              9,118		$              7,657		$              7,154
	Trade accounts receivable, net			28,223		29,065		22,839
	Inventories, net			46,035		37,442		54,768
	Costs in excess of billings			69		507		563
	Prepaid expenses and other current assets			2,254		6,556		3,539
		Total Current Assets		85,699		81,227		88,863
Property, plant and equipment, net				69,007		69,306		70,183
Lease assets				5,729		6,014		5,559
Other long-term assets				18,931		18,772		20,497
		Total Assets		$          179,366		$          175,319		$          185,102
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
	Accounts payable & accrued expenses			$            30,709		$            41,243		$            29,631
	Billings in excess of costs			606		261		602
	Current portion of:
	Long-term liabilities			87		87		72
	Lease liabilities			1,743		1,571		1,426
	Long-term debt			-		184		184
		Total Current Liabilities		33,145		43,346		31,915
Long-term debt				21,509		11,373		14,540
Lease liabilities				3,986		4,443		4,133
Other long-term liabilities				4,744		4,860		5,051
Deferred income taxes				7,731		7,710		9,659
Shareholders' Equity
	Preferred Stock			530		530		530
	Class A Common Stock			3,695		3,654		3,654
	Class B Convertible Common Stock			1,254		1,293		1,293
	Additional paid-in capital			9,238		10,055		9,929
	Retained earnings			107,147		103,031		135,491
	Accumulated other comprehensive loss			(5,229)		(5,280)		(21,320)
	Treasury stock, at cost			(8,384)		(9,696)		(9,773)
		Total Shareholders' Equity		108,251		103,587		119,804
		Total Liabilities and Shareholders' Equity		$          179,366		$          175,319		$          185,102

 

Burnham Holdings, Inc.
Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
		Nine Months Ended
		September 27,		September 28,
		2026		2025
Cash flows from operating activities:
Net income		$              7,454		$              9,915
(Loss) income from discontinued operations, net of tax		(307)		8,094
Income from continuing operations		$              7,761		$              1,821
Adjustments to reconcile income from continuing operations
to net cash provided by operating activities:
Depreciation		5,587		3,790
Amortization of debt issuance costs		104		-
Impairment loss		-		3,318
Deferred income taxes		8		44
Provision for long-term employee benefits		(323)		(171)
Share-based compensation expense		593		474
Other reserves and allowances		366		(1,995)
Changes in current assets and liabilities:
(Increase) decrease in accounts receivable, net		(507)		979
Increase in inventories, net		(8,593)		(9,255)
Decrease (increase) in other current assets		2,379		(172)
Decrease in accounts payable and accrued expenses		(7,248)		(2,217)
Net cash provided (used) by operating activities of continuing operations		127		(3,384)
Net cash used by operating activities of discontinued operations		-		(30)
Net cash provided (used) by operating activities		127		(3,414)
Cash flows from investing activities:
Capital expenditures		(5,183)		(8,358)
Net cash used by investing activities of continuing operations		(5,183)		(8,358)
Net cash provided by investing activities of discontinued operations		-		7
Proceeds from sale of discontinued operations		-		23,687
Net cash (used) provided by investing activities		(5,183)		15,336
Cash flows from financing activities:
Net activity from revolving credit facility		14,192		(7,641)
Cash paid for debt issuance costs		(968)		-
Repayment of term loan		(3,273)		(92)
Share-based compensation activity		(96)		(56)
Dividends paid		(3,338)		(3,308)
Net cash provided (used) by financing activities		6,517		(11,097)
Net increase in cash and cash equivalents		$              1,461		$                 825
Cash and cash equivalents, beginning of period		$              7,657		$              6,329
Net increase in cash and cash equivalents		1,461		825
Cash and cash equivalents, end of period		$              9,118		$              7,154

 

Burnham Holdings, Inc.
Consolidated Statements of Shareholders' Equity
(In thousands)
(Unaudited)
						Class B						Accumulated
				Class A		Convertible		Additional				Other		Treasury
		Preferred		Common		Common		Paid-in		Retained		Comprehensive		Stock,		Shareholders'
		Stock		Stock		Stock		Capital		Earnings		Loss		at Cost		Equity
Balance at December 31, 2024		$        530		$      3,633		$      1,311		$    10,799		$  128,884		$           (20,820)		$  (11,058)		$       113,279
Net income		-		-		-		-		3,371		-		-		3,371
Other comprehensive loss,
net of tax		-		-		-		-		-		(208)		-		(208)
Cash dividends declared:
Common stock - ($0.23 per share)		-		-		-		-		(1,072)		-		-		(1,072)
Share-based compensation:
Expense recognition		-		-		-		119		-		-		-		119
Conversion of common stock		-		9		(9)		-		-		-		-		-
Balance at March 30, 2025		$        530		$      3,642		$      1,302		$    10,918		$  131,183		$           (21,028)		$  (11,058)		$       115,489
Net income		-		-		-		-		4,916		-		-		4,916
Other comprehensive loss,
net of tax		-		-		-		-		-		(209)		-		(209)
Cash dividends declared:
Preferred stock - 6%		-		-		-		-		(9)		-		-		(9)
Common stock - ($0.23 per share)		-		-		-		-		(1,147)		-		-		(1,147)
Share-based compensation:
Expense recognition		-		-		-		160		-		-		-		160
Issuance of vested shares		-		-		-		(1,393)		-		-		1,285		(108)
Balance at June 29, 2025		$        530		$      3,642		$      1,302		$      9,685		$  134,943		$           (21,237)		$    (9,773)		$       119,092
Net income		-		-		-		-		1,628		-		-		1,628
Other comprehensive loss,
net of tax		-		-		-		-		-		(83)		-		(83)
Cash dividends declared:
Common stock - ($0.23 per share)		-		-		-		-		(1,080)		-		-		(1,080)
Share-based compensation:
Expense recognition		-		-		-		195		-		-		-		195
Issuance of vested shares		-		3		-		49		-		-		-		52
Conversion of common stock		-		9		(9)		-		-		-		-		-
Balance at September 28, 2025		$        530		$      3,654		$      1,293		$      9,929		$  135,491		$           (21,320)		$    (9,773)		$       119,804
						Class B						Accumulated
				Class A		Convertible		Additional				Other		Treasury
		Preferred		Common		Common		Paid-in		Retained		Comprehensive		Stock,		Shareholders'
		Stock		Stock		Stock		Capital		Earnings		Loss		at Cost		Equity
Balance at December 31, 2025		$        530		$      3,654		$      1,293		$    10,055		$  103,031		$             (5,280)		$    (9,696)		$       103,587
Net income		-		-		-		-		3,438		-		-		3,438
Other comprehensive income,
net of tax		-		-		-		-		-		72		-		72
Cash dividends declared:
Common stock - ($0.23 per share)		-		-		-		-		(1,080)		-		-		(1,080)
Share-based compensation:
Expense recognition		-		-		-		195		-		-		-		195
Balance at March 29, 2026		$        530		$      3,654		$      1,293		$    10,250		$  105,389		$             (5,208)		$    (9,696)		$       106,212
Net income		-		-		-		-		1,932		-		-		1,932
Other comprehensive loss,
net of tax		-		-		-		-		-		(29)		-		(29)
Cash dividends declared:
Preferred stock - 6%		-		-		-		-		(9)		-		-		(9)
Common stock - ($0.23 per share)		-		-		-		-		(1,160)		-		-		(1,160)
Share-based compensation:
Expense recognition		-		-		-		200		-		-		-		200
Issuance of vested shares		-		2		-		(1,410)		-		-		1,312		(96)
Conversion of common stock		-		1		(1)		-		-		-		-		-
Balance at June 28, 2026		$        530		$      3,657		$      1,292		$      9,040		$  106,152		$             (5,237)		$    (8,384)		$       107,050
Net income		-		-		-		-		2,084		-		-		2,084
Other comprehensive income,
net of tax		-		-		-		-		-		8		-		8
Cash dividends declared:
Common stock - ($0.23 per share)		-		-		-		-		(1,089)		-		-		(1,089)
Share-based compensation:
Expense recognition		-		-		-		198		-		-		-		198
Conversion of common stock		-		38		(38)		-		-		-		-		-
Balance at September 27, 2026		$        530		$      3,695		$      1,254		$      9,238		$  107,147		$             (5,229)		$    (8,384)		$       108,251

 

Burnham Holdings, Inc.
Non-GAAP Reconciliation
(In thousands, except per share amounts)
(Unaudited)
		Three Months Ended				Nine Months Ended
		September 27,		September 28,		September 27,		September 28,
		2026		2025		2026		2025
Net sales of continuing operations		$        74,583		$        58,327		$      197,361		$      167,035
Income from continuing operations, net of tax		$          2,084		$             827		$          7,761		$          1,821
Exclude:
Income tax expense		657		247		2,450		542
Interest expense		179		121		843		465
Depreciation and amortization		3,945		3,790		5,587		3,790
EBITDA		$          6,865		$          4,985		$        16,641		$          6,618
EBITDA as a percent of net sales		9.2 %		8.5 %		8.4 %		4.0 %
EBITDA		$          6,865		$          4,985		$        16,641		$          6,618
Adjustments:
Gain on derivative mark to market		(25)		-		-		-
Impairment loss		-		181		-		3,318
Adjusted EBITDA		$          6,840		$          5,166		$        16,641		$          9,936
Adjusted EBITDA as a percent of net sales		9.2 %		8.9 %		8.4 %		5.9 %
		Three Months Ended				Nine Months Ended
		September 27,		September 28,		September 27,		September 28,
		2026		2025		2026		2025
Income from continuing operations		$          2,084		$             827		$          7,761		$          1,821
Adjustments, net of tax		(19)		140		-		2,555
Adjusted income from continuing operations		$          2,065		$             967		$          7,761		$          4,376
Diluted weighted-average shares outstanding		4,781		4,731		4,777		4,722
Diluted earnings per share from continuing operations		$            0.44		$            0.17		$            1.62		$            0.38
Adjusted diluted earnings per share from continuing operations		$            0.44		$            0.21		$            1.62		$            0.92
		September 27		September 28,
		2026		2025
Total debt		$        21,509		$        14,724
Proceeds from sale of discontinued operations		-		23,687
Adjusted total debt		$        21,509		$        38,411

 

View original content:https://www.prnewswire.com/news-releases/burnham-holdings-inc-reports-third-quarter-2026-financial-results-302917124.html

SOURCE Burnham Holdings, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Burnham Holdings' third-quarter 2026 sales and earnings?

Burnham Holdings reported sales of $74.583 million and net income of $2.084 million, or $0.44 per diluted share. In the prior-year quarter, sales were $58.327 million and net income was $1.628 million, or $0.34 per diluted share.

Why did Burnham Holdings' nine-month 2026 net income decline despite higher continuing-operations earnings?

Discontinued operations produced a $307,000 loss in the first nine months of 2026 versus $8.094 million of income a year earlier. Total net income fell to $7.454 million from $9.915 million, although continuing-operations income increased to $7.761 million from $1.821 million.

What dividends did Burnham Holdings declare in October 2026?

Burnham Holdings declared a quarterly dividend of $0.23 per share on Class A and Class B common stock and a semi-annual preferred dividend of $1.50 per share. Both are payable December 10, 2026, to shareholders of record December 3, 2026.

What new data center product did Burnham Holdings add in the third quarter of 2026?

Burnham Holdings added chilled water buffer tanks for data center cooling systems to its product offerings. The company said the addition responded to requests from its current customer base.