Burnham Holdings Inc. reported consolidated financial results for the third quarter of 2025. Net sales and profitability increased following strategic portfolio adjustments and the divestiture of subsidiaries Thermo Pride, LLC and Norwood Manufacturing, Inc., which are now classified as discontinued operations. Net income for the third quarter reached $1.6 million ($0.35 per basic share and $0.34 per diluted share), compared to $0.6 million ($0.12 per basic and diluted share) in the same period in 2024. Year-to-date net income was $9.9 million ($2.12 per basic share and $2.10 per diluted share), up from $4.4 million ($0.94 per basic share and $0.93 per diluted share) for the first nine months of 2024. Adjusted EBITDA for the third quarter of 2025 was $2.9 million, representing 4.9% of net sales, compared to $2.7 million or 4.2% of net sales in the third quarter of 2024. For the first nine months of 2025, adjusted EBITDA rose to $11.9 million (6.6% of net sales) from $11.3 million (6.4% of net sales) in the same period of 2024. These adjusted figures exclude the gain from the sale of Thermo Pride and Norwood Manufacturing, as well as impairment losses from the wind down of production activities at Crown Boiler. In October 2025, the company purchased a group annuity contract to transfer approximately $90.0 million of its defined benefit pension obligations and related plan assets for around 1,000 retirees and beneficiaries to a third-party insurance company. The transaction used assets from the pension trust and did not require an additional funding contribution.