Overview
Burnham Holdings Q3 net sales rise 5.3% yr/yr to $58.3 mln
Adjusted EBITDA for Q3 2025 increases to $2.9 mln
Company to transfer $90 mln pension obligations to third-party insurer
Outlook
Company expects a non-cash pre-tax non-operating pension settlement charge of $20.8 mln in Q4
Burnham Holdings emphasizes strategic portfolio adjustments for long-term growth
Company plans to enhance product integration and streamline operations
Result Drivers
PORTFOLIO ADJUSTMENTS - Strategic portfolio adjustments strengthened core boiler business and expanded high-growth service offerings
OPERATIONAL EFFICIENCIES - Increased gross profit margin attributed to continued operational efficiencies in commercial businesses
SG&A INVESTMENT - SG&A expenses rose to support planned initiatives for long-term growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | $58.3 mln | ||
Q3 EPS | $0.34 | ||
Q3 Net Income | $1.6 mln |
Press Release: ID:nPn6Gn39Fa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)