LANCASTER, PA — Burnham Holdings, Inc. (OTC: BURCA) reported first-quarter 2026 net income of $3.4 million, up 36% from a year earlier, as higher sales and improved margins followed prior portfolio changes.
Net sales rose 18.7% to $66.2 million in the quarter, compared with $55.8 million in the first quarter of 2025.
Gross profit margin increased to 26.6% from 24.5% a year earlier.
Earnings from continuing operations were $0.72 per diluted share, compared with $0.54 in the prior-year period.
EBITDA from continuing operations was $6.4 million, or 9.7% of net sales, up from $4.8 million, or 8.6% of net sales, a year earlier.
Selling, general and administrative expenses were 19.8% of net sales, compared with 18.2% in the prior-year quarter.
The company adjusted its financial presentation to reflect the divestiture of Thermo Products LLC and Norwood Manufacturing Inc. as discontinued operations.
“Our first quarter performance reflects the tangible impact of the strategic actions we took in 2025,” Chief Executive Officer Chris Drew said.
Burnham cited potential margin pressure from volatility in oil and natural gas markets and input costs but said demand for heating solutions could benefit from energy price fluctuations.
The company said prior investments to streamline operations are expected to support long-term margin expansion through improved efficiency and production throughput.
Burnham Holdings, which manufactures residential and commercial boiler systems, is holding its annual shareholder meeting virtually at 11:30 a.m. ET, with a separate release on voting results and any dividend decision expected later in the day.
Support the local news that supports Chester County. MyChesCo delivers reliable, fact-based reporting and essential community resources—free for everyone. If you value that, click here to become a patron today.