Burnham Holdings reports Q4 net loss after divestiture of legacy asbestos liabilities

Reuters

Feb 20

Burnham Holdings reports Q4 net loss after divestiture of legacy asbestos liabilities

Overview

Boiler maker's Q4 net sales rose 13.8% yr/yr, driven by strategic portfolio adjustments
Adjusted EBITDA for Q4 increased to $12.0 mln, reflecting operational efficiencies
Company reported Q4 net income loss due to strategic divestitures and liabilities

Result Drivers

STRATEGIC PORTFOLIO ADJUSTMENTS - Record high net sales driven by strategic portfolio adjustments aimed at strengthening core boiler business
OPERATIONAL EFFICIENCIES - Gross profit margin increased due to continued operational efficiencies in the Commercial businesses
DIVESTITURE IMPACT - Net income loss due to strategic divestiture of legacy asbestos liabilities and related charges

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Sales		$91.07 mln
Q4 EPS		-$6.68
Q4 Net Income		-$31.37 mln

Press Release: ID:nPnb7gjMga

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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