Welcome to our dedicated page for Burnham Cp Cl A news (Ticker: BURCA), a resource for investors and traders seeking the latest updates and insights on Burnham Cp Cl A stock.
Burnham Holdings, Inc. (BURCA) is a holding company for domestic manufacturers of boilers, furnaces and related HVAC products and accessories serving residential, commercial and industrial applications. Its news flow provides insight into how the company is reshaping its boiler-focused operations and managing financial and legal risks.
Recent press releases highlight strategic portfolio adjustments, including the divestiture of substantially all assets of Thermo Pride and Norwood Manufacturing, the planned winddown of Crown Boiler manufacturing operations, and the expansion of commercial and industrial boiler service and installation activities, including mobile boiler room offerings. News items also cover the opening and expansion of U.S. Boiler Company’s Condensing Center of Excellence in Lancaster, Pennsylvania, which is dedicated to advanced high-efficiency condensing boiler production.
Investors and industry observers can follow quarterly and annual financial results that detail net sales, margins, non-GAAP metrics such as EBITDA and Adjusted EBITDA, and commentary on residential, commercial and service and rentals performance. The company’s releases also discuss debt levels, working capital management and pension-related actions, such as the transfer of a portion of defined benefit obligations to a third-party insurer.
Additional news includes dividend declarations on common and preferred stock, annual meeting results, and updates on litigation involving certain subsidiaries, including asbestos-related matters and the subsequent transfer of legacy asbestos liabilities to Burnham Industries, LLC. Ownership disclosures by institutional investors, such as GAMCO’s announcement of its stake in Burnham Holdings, also appear in the news flow.
This page aggregates these updates so readers can review BHI’s financial performance, strategic transactions, manufacturing developments and corporate actions over time.
Burnham Holdings (OTC-Pink: BURCA) announced results of its April 27, 2026 Annual Meeting and declared dividends for common and preferred stock.
Shareholders elected John W. Lyman and E. Philip Wenger to three-year director terms ending 2029, and approved appointment of Baker Tilly US, LLP or a Board-selected auditor for 2026. The Board declared a $0.23 quarterly common dividend and a $1.50 semi-annual preferred dividend, payable June 25, 2026, with record date June 18, 2026.
Burnham Holdings (OTC:BURCA) reported Q1 2026 net sales of $66.2 million, an 18.7% increase versus Q1 2025. Net income from continuing operations was $3.4 million ($0.72 diluted), EBITDA was $6.4 million (9.7% of net sales), and gross margin rose to 26.6%.
The company presented discontinued operations for Thermo Products and Norwood Manufacturing and highlighted strategic portfolio actions from 2025 driving improved profitability and SG&A investment aligned with planned initiatives.
Burnham Holdings (OTC-Pink: BURCA) announced that wholly owned subsidiary Crown Boiler commenced a voluntary Chapter 11 filing on February 25, 2026, to resolve legacy obligations after an operational wind-down. The company said impairments tied to Crown were already recorded and no further December 31, 2025 adjustments are required.
BHI said the filing is an orderly, court-supervised step to maximize creditor value, management secured a banking waiver to avoid immediate lending disruption, and the company will focus on high-efficiency boilers and commercial service growth.
Burnham Holdings (OTC: BURCA) reported record net sales and strategic portfolio changes for FY2025 on Feb 19, 2026. Q4 net sales were $91.1M, up 13.8%; full-year sales were $258.1M, a third consecutive record. The company completed a divestiture of legacy asbestos liabilities, recorded divestiture and pension settlement charges, and reported improved adjusted EBITDA and adjusted diluted EPS. A quarterly dividend of $0.23 per share was declared and the annual meeting is set for April 27, 2026.
Burnham Holdings (NYSE:BURCA) announced a strategic divestiture on Dec 31, 2025 that transfers a majority of its subsidiaries' legacy asbestos liabilities to Burnham Industries, LLC (an affiliate of FARA) and places those Legacy Subs with cash, real estate and insurance to manage ongoing claims.
The company used proceeds from Thermo Products and Norwood Manufacturing asset sales to neutralize credit capacity, completed annuitization of roughly $90M in pension obligations, and expects to incur a pre-tax loss of approximately $24.0M in Q4 2025.
Burnham Holdings (OTC: BURCA) declared cash dividends on both common and preferred stock and set its 2026 annual meeting date.
The Board approved a quarterly common dividend of $0.23 per share and a semi-annual preferred dividend of $1.50 per share, both payable on December 30, 2025 with a record date of December 18, 2025. The company also scheduled its Annual Meeting to be held virtually on Monday, April 27, 2026 at 11:30 a.m. ET. Burnham Holdings is the parent of domestic boiler manufacturing subsidiaries and trades under the ticker BURCA on the OTC exchange.
U.S. Boiler (OTC:BURCA) opened a new 45,000-square-foot Condensing Center of Excellence in Lancaster, PA on Oct. 24, 2025, expanding its manufacturing footprint to exclusively produce high-efficiency condensing boilers, including the flagship Alta line.
The expansion, supported in part by funding from the Commonwealth of Pennsylvania, aims to boost production capacity, accelerate product innovation, and sustain American-made manufacturing and local jobs through advanced technologies and improved production processes.
Burnham Holdings (OTC-Pink: BURCA) reported third quarter 2025 results showing top-line growth and portfolio restructuring to focus on core boilers and commercial services. Q3 net sales were $58.3M, up 5.3% year-over-year; YTD net sales were $167.0M versus $153.2M a year earlier. Q3 net income was $1.6M ($0.34 diluted); YTD net income rose to $9.9M ($2.10 diluted). The company reclassified Thermo Pride and Norwood as discontinued operations and recorded a $7.03M gain on their sale. BHI purchased an annuity to transfer approximately $90.0M of pension obligations and expects an estimated non-cash pre-tax pension settlement charge of $20.8M in Q4 2025.
Burnham Holdings (OTC-Pink: BURCA) reported strong Q2 2025 financial results, with net sales reaching $53.0 million, an 8.5% increase year-over-year. The company maintained solid gross profit margins of 21.6% and reported adjusted EBITDA of $9.0 million for H1 2025.
Key strategic moves included the divestiture of Thermo Pride and Norwood Manufacturing for $27.3 million, yielding net proceeds of $23.7 million, and the planned wind-down of Crown Boiler operations, resulting in $3.1 million in impairment charges. The company declared a quarterly dividend of $0.23 per share, payable September 25, 2025.
Adjusted Q2 2025 diluted EPS improved to $0.23 from $0.18 in 2024, while H1 2025 adjusted diluted EPS reached $0.95 compared to $0.81 in H1 2024.
Burnham Holdings (BURCA) has announced plans to divest its Thermo Pride and Norwood Manufacturing subsidiaries to R.W. Beckett Corporation for $27.6 million in cash. The strategic divestiture, along with the previously announced wind down of Crown Boiler operations in Philadelphia, allows Burnham to focus on its core commercial and industrial boiler service business.
The company will concentrate on strengthening its position in providing comprehensive boiler solutions across residential, commercial, and industrial sectors, with emphasis on expanding its mobile boiler room offerings through Thermal InMotion. The transaction was managed by Janney Montgomery Scott's investment banking group and attracted multiple competitive bids.
The acquired businesses will enable R.W. Beckett to expand its liquid fuels industry offerings, while Burnham Holdings continues to focus on its hydronic solutions portfolio, including cast-iron residential boiler products and high-efficiency condensing boilers.