Welcome to our dedicated page for Burnham Cp Cl A news (Ticker: BURCA), a resource for investors and traders seeking the latest updates and insights on Burnham Cp Cl A stock.
Burnham Holdings, Inc. (BURCA) is a leading manufacturer of boilers, furnaces, and HVAC systems serving residential, commercial, and industrial markets. This page provides investors and industry professionals with centralized access to official announcements and strategic updates from the company.
Track critical developments including quarterly earnings reports, product innovations, operational efficiency initiatives, and leadership updates. Our curated collection ensures timely access to filings, press releases, and market-relevant disclosures while maintaining strict factual accuracy.
Key content types include financial performance updates, manufacturing process improvements, strategic partnership announcements, and regulatory compliance information. All materials are sourced directly from company communications to ensure reliability.
Bookmark this page for streamlined monitoring of BURCA's business trajectory within the HVAC sector. Combine regular checks with our email alerts feature to stay informed about material developments affecting your investment analysis.
Burnham Holdings, Inc. (OTC-PINK: BURCA), a leading manufacturer of HVAC products, held its Annual Meeting on April 24, 2023, in Lancaster, PA. Shareholders voted in favor of three key proposals: the election of William F. Dodge II, John W. Lyman, and E. Philip Wenger as directors through 2026; approval of the 2023 Incentive Compensation Plan; and the appointment of Baker Tilly US, LLP, as independent auditors for 2023. The Board declared a quarterly common stock dividend of $0.22 per share, along with a semi-annual preferred stock dividend of $1.50 per share, both payable on June 13, 2023, with a record date of June 6, 2023.
Additionally, the company announced its financial results for Q1 2023.
Burnham Holdings, Inc. (OTC-Pink: BURCA) reported its financial results for Q1 2023, showing a 13.5% increase in net sales, reaching $59.5 million, compared to the same quarter in 2022. The gross profit margin improved to 23.5% from 15.9%, driven by effective pricing strategies. The company transitioned from a net loss of ($0.8 million) in Q1 2022 to a net income of $3.0 million in Q1 2023, marking a significant turnaround. Earnings per share rose from ($0.16) to $0.64. Residential product sales grew by 7.8%, while commercial product sales surged by 33.6%. Despite this positive performance, challenges such as material inflation, supply chain issues, and rising interest rates persist. The company advised caution in interpreting these results as an indicator of future performance.
Burnham Holdings, Inc. (BURCA) reported strong financial results for the year ending December 31, 2022. Net sales reached $240.5 million, a 10.1% increase from 2021, driven by robust demand in both residential and commercial sectors. The gross profit margin improved to 19.0% from 16.0%, thanks to pricing adjustments amid inflation. Net income saw a significant rise to $5.1 million, compared to $1.0 million in 2021, with earnings per share at $1.10. Despite challenges, including rising interest expenses and supply chain issues, the company remains committed to maintaining profitability and has declared a quarterly dividend of $0.22 per share, payable March 10, 2023.
FAQ
What is the current stock price of Burnham Cp Cl A (BURCA)?
What is the market cap of Burnham Cp Cl A (BURCA)?
