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) reported a net loss of $0.8 million for Q1 2022, compared to a loss of $0.6 million in Q1 2021. However, net sales rose 19.2% to $52.4 million due to strong demand for heating equipment. Gross profit was stable at 15.9% of sales, with higher expenses from interest and inflation affecting profitability. Total debt increased by $11.2 million to $30.9 million, primarily due to material cost inflation. First-quarter results typically represent only 20% of the annual total, warranting caution in interpreting financial outcomes.
Burnham Holdings, Inc. (OTC-Pink: BURCA) reported financial results for the year ended December 31, 2021. Net sales reached $218.5 million, a 16.5% increase from 2020, driven by improved winter weather and recovering demand post-COVID-19. However, gross profit declined to $35.0 million, a 9.1% drop, largely due to rising material costs. Net income fell 85% to $1.0 million. The company declared a quarterly dividend of $0.22 per share, payable on March 11, 2022. The annual meeting is scheduled for April 25, 2022.
Burnham Holdings, Inc. (OTC-Pink: BURCA) announced dividends for common and preferred stock on December 9, 2021. A quarterly common stock dividend of $0.22 per share and a semi-annual preferred stock dividend of $1.50 per share were declared, both payable on December 30, 2021, with a record date of December 23, 2021. Additionally, the company’s Annual Meeting is scheduled for April 25, 2022. Due to potential COVID-19 restrictions, the meeting may be virtual, with further details to be provided in March 2022.
Burnham Holdings, Inc. (BURCA) reported Q3 2021 financial results showing a net sales increase of $4.6 million (9.5%) year-over-year, with YTD sales climbing 19.3% to $140.8 million. Despite higher sales, the company faced a net loss of $1.34 million compared to a profit of $1.47 million in Q3 2020. Gross profit margin also declined to 12.6% from 18.5% due to rising raw material costs and manufacturing inefficiencies. The commercial product backlog grew by $6.6 million, indicating potential future revenue growth.
On July 22, 2021, Burnham Holdings, Inc. announced the appointment of Christopher E. Pruitt to its Board of Directors, effective September 1, 2021. Mr. Pruitt is currently the President/CEO of East Penn Manufacturing, a major battery manufacturer, and brings extensive financial and leadership experience to the role. His term will conclude at the Company’s Annual Meeting in 2022, where he may be nominated for a three-year term. Burnham Holdings is a leading manufacturer of HVAC products and employs around 800 people nationwide.
Burnham Holdings, Inc. (BURCA) reported financial results for the six months ending June 27, 2021, showing a significant increase in net sales, up 34.7% to $43.6 million in Q2 and 26.3% to $87.6 million YTD. Despite rising sales, the company faced a net loss of $(2.48) million in Q2 compared to $(368) thousand in 2020, with gross profit margins decreasing from 18.1% to 13.0%. A quarterly dividend of $0.22 per share was declared, payable on August 18, 2021, with a record date of August 11, 2021.
Burnham Holdings, Inc. (OTC-Pink: BURCA) announced the results of its Annual Meeting on April 26, 2021, held virtually in Lancaster, PA. Stockholders approved the election of directors Douglas S. Brossman, Christopher R. Drew, and Laura T. Wand for three-year terms. The Board declared 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 June 15, 2021, with a record date of June 8, 2021. Financial results for Q1 2021 were also disclosed earlier that day.
Burnham Holdings, Inc. (OTC-Pink: BURCA) reported a net sales increase of 18.9% to $44.0 million for Q1 2021, driven by improved demand for residential heating equipment. However, gross profit margin fell to 15.9% due to rising material costs. The company experienced a net loss of $(0.58) million, an improvement from $(1.07) million in Q1 2020. Total debt decreased to $19.8 million. While residential sales rose by 30.3%, commercial product sales dropped 9.9% due to COVID-19 impacts. Despite challenges, incoming orders for commercial products have surged recently.
Burnham Holdings, Inc. (OTC-Pink: BURCA) reported a net sales decline of 11.7%, totaling $187.5 million for 2020, impacted significantly by warmer weather and COVID-19. Gross profit fell 15.5% to $38.5 million, with a net income of $6.55 million, down from $8.74 million in 2019. Despite a decrease in residential heating sales by 10.5%, there was a 1.5% sales growth in the second half. SG&A expenses decreased by 11.3% to $30.5 million. The company declared a quarterly dividend of $0.22 per share, payable on March 12, with a record date of March 5, 2021.
Burnham Holdings, trading as BURCA, reported its third quarter financial results for 2020, revealing net sales of $48.7 million, down from $52.1 million in the same period last year. However, quarterly sales showed a recovery, rising 3% year-over-year. YTD sales declined 15%, largely due to a 17% drop in residential product sales. Notably, the company achieved a pre-tax profit of $1.9 million, 85% higher than last year. Debt decreased to $33.3 million, while earnings per share rose to $0.33 from $0.18.
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