LANCASTER, PA — Burnham Holdings, Inc. (OTC-Pink: BURCA) has announced its financial results for the first quarter of 2025, revealing a robust 15.8% year-over-year increase in net sales. The company generated $64.8 million in net sales for Q1 2025, up from $56.0 million in the same period last year, reflecting significant growth across its product and service categories.
The gross profit margin improved slightly to 25.4%, compared to 24.9% in Q1 2024, driven by enhanced efficiencies in commercial business operations. However, product mix and temporary manufacturing challenges at some facilities moderated these gains. SG&A expenses remained steady year-over-year, representing 18.4% of net sales.
Burnham’s residential products segment posted a remarkable 20.1% sales increase compared to Q1 2024, while commercial products saw a modest 2.6% growth. The company’s Service and Rentals businesses emerged as a standout performer, reporting a 40.1% growth in sales compared to the prior year.
Net income rose to $3.4 million, up from $3.0 million in Q1 2024, with diluted earnings per share increasing to $0.72 from $0.64. EBITDA for the quarter was $6.0 million, accounting for 9.3% of net sales.
Burnham further emphasized its success in strengthening financial discipline. Total debt decreased by $8.2 million year-over-year, supported by an $8.1 million reduction in inventory levels. These efforts have contributed to improved operating cash flow and leaner operations.
“Through rigorous discipline, we are focused on reducing working capital needs in an effort to operate on a leaner basis,” the company stated.
A significant operational update during the quarter was the planned winddown of production at Crown Boiler’s Philadelphia facility. The move is part of Burnham Holdings’ strategy to enhance manufacturing efficiency and position the company for long-term growth.
Burnham Holdings continues to align its operations with seasonal patterns and remains optimistic about maintaining steady order flow through the remainder of 2025. By cutting costs, managing inventories, and investing in efficiency, the company believes it is well-positioned for sustained growth.
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