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Company Overview
Burnham Holdings, Inc. (BURCA) is a well-established domestic manufacturer specializing in boilers, furnaces, and a wide array of HVAC products and accessories. Operating across residential, commercial, and industrial markets, the company integrates traditional manufacturing expertise with modern operational strategies to deliver reliable heating solutions. With a comprehensive product portfolio, Burnham Holdings addresses diverse market needs, leveraging robust production systems and stringent quality standards that underline its significant market position.
Core Business Operations
At its core, Burnham Holdings benefits from a diversified business model that spans several key segments:
- Manufacturing Excellence: The company manufactures boilers, furnaces, and HVAC-related products for various applications. Its production capabilities are backed by advanced facilities and a commitment to quality and efficiency.
- Market Segmentation: Burnham Holdings caters to residential, commercial, and industrial clients, ensuring tailored solutions that meet the specific heating and ventilation requirements of each segment.
- Service and Rentals: Complementing its product sales, the service and rental divisions offer added value to customers by providing maintenance, repair, and temporary equipment solutions, thereby enhancing overall customer satisfaction.
- Cost and Inventory Management: The company employs strategic inventory methods, such as a LIFO accounting approach, to manage production costs, adapt to fluctuating material prices, and maintain operational efficiency.
Operational Strategy and Market Position
Burnham Holdings maintains a balanced operational structure by ensuring its manufacturing efficiencies and cost-control measures align with market demands. The company strategically invests in capital improvements at its manufacturing sites, leading to productivity enhancements and optimized cost structures. By continuously assessing and managing working capital, Burnham Holdings upholds its commitment to quality while adapting to seasonal and market-driven variations in demand.
Within the competitive landscape of HVAC manufacturing, Burnham Holdings distinguishes itself with its broad product range, deep industry knowledge, and a proactive approach towards operational improvements. Its diversified business segments enable it to seamlessly serve multiple market niches, making it a resilient player in an ever-evolving market environment. Terms such as HVAC solutions, manufacturing efficiencies, and cost management strategies are intrinsic to its business operations and are embraced as core components of its value proposition.
Industry Relevance and Expertise
The company demonstrates advanced expertise by integrating specialized manufacturing practices with strategic management of production volumes and cost structures. Burnham Holdings addresses key industry challenges including cost inflations and changing market dynamics through rigorous process improvements and sustained operational oversight. By continuously adapting its manufacturing and inventory practices, the company provides a model for efficiency and adaptability in the HVAC sector.
Product and Service Integration
Burnham Holdings' comprehensive offerings extend beyond mere production. The integration of ancillary services like rental operations and maintenance support not only bolsters its revenue streams but also strengthens its customer relationships. These services ensure that clients receive complete, end-to-end solutions, from initial installation to ongoing support, thereby reinforcing the company’s market standing and operational sustainability.
Comprehensive Information for Investors and Analysts
This detailed description is intended to provide a transparent and analytical view of Burnham Holdings, Inc. for investors, market analysts, and interested stakeholders. By synthesizing manufacturing details, market segmentation, inventory management practices, and strategic cost controls, the content offers an evergreen perspective on the company. The information is structured to enhance search relevance and user engagement, ensuring that readers can quickly grasp the company’s operational strengths and industry positioning.
In summary, Burnham Holdings, Inc. is a dynamic entity in the domestic HVAC manufacturing space, merging traditional industrial practices with contemporary operational strategies to maintain its competitive edge. Its diversified business model, extensive product range, and commitment to quality make it a subject of continued interest and analysis within the industry.
Burnham Holdings, Inc. (OTC-Pink: BURCA) reported a 20% increase in net sales for the first half of 2022, alongside a quarterly common stock dividend of $0.22 per share, payable on August 17, 2022. Despite this growth, the company experienced a net loss of $1.8 million for the first half, improving from a $3.1 million loss in 2021. Gross profit margins rose to 15.2% as price adjustments countered inflation. Staffing and supply chain challenges, along with rising interest expenses, remain critical concerns.
Burnham Holdings, Inc. (OTC-Pink: BURCA) held its Annual Meeting on April 25, 2022, where stockholders approved the election of three directors and appointed Baker Tilly US, LLP as independent auditors for 2022. The Board declared a regular quarterly common stock dividend of $0.22 per share and a semi-annual preferred stock dividend of $1.50 per share, both payable on June 14, 2022, with a record date of June 7, 2022. These actions reflect the company’s ongoing commitment to shareholder returns while maintaining governance structures.
Burnham Holdings, Inc. (OTC-Pink: BURCA) reported a net loss of $0.8 million for Q1 2022, compared to a loss of $0.6 million in Q1 2021. However, net sales rose 19.2% to $52.4 million due to strong demand for heating equipment. Gross profit was stable at 15.9% of sales, with higher expenses from interest and inflation affecting profitability. Total debt increased by $11.2 million to $30.9 million, primarily due to material cost inflation. First-quarter results typically represent only 20% of the annual total, warranting caution in interpreting financial outcomes.
Burnham Holdings, Inc. (OTC-Pink: BURCA) reported financial results for the year ended December 31, 2021. Net sales reached $218.5 million, a 16.5% increase from 2020, driven by improved winter weather and recovering demand post-COVID-19. However, gross profit declined to $35.0 million, a 9.1% drop, largely due to rising material costs. Net income fell 85% to $1.0 million. The company declared a quarterly dividend of $0.22 per share, payable on March 11, 2022. The annual meeting is scheduled for April 25, 2022.
Burnham Holdings, Inc. (OTC-Pink: BURCA) announced dividends for common and preferred stock on December 9, 2021. A quarterly common stock dividend of $0.22 per share and a semi-annual preferred stock dividend of $1.50 per share were declared, both payable on December 30, 2021, with a record date of December 23, 2021. Additionally, the company’s Annual Meeting is scheduled for April 25, 2022. Due to potential COVID-19 restrictions, the meeting may be virtual, with further details to be provided in March 2022.
Burnham Holdings, Inc. (BURCA) reported Q3 2021 financial results showing a net sales increase of $4.6 million (9.5%) year-over-year, with YTD sales climbing 19.3% to $140.8 million. Despite higher sales, the company faced a net loss of $1.34 million compared to a profit of $1.47 million in Q3 2020. Gross profit margin also declined to 12.6% from 18.5% due to rising raw material costs and manufacturing inefficiencies. The commercial product backlog grew by $6.6 million, indicating potential future revenue growth.
On July 22, 2021, Burnham Holdings, Inc. announced the appointment of Christopher E. Pruitt to its Board of Directors, effective September 1, 2021. Mr. Pruitt is currently the President/CEO of East Penn Manufacturing, a major battery manufacturer, and brings extensive financial and leadership experience to the role. His term will conclude at the Company’s Annual Meeting in 2022, where he may be nominated for a three-year term. Burnham Holdings is a leading manufacturer of HVAC products and employs around 800 people nationwide.
Burnham Holdings, Inc. (BURCA) reported financial results for the six months ending June 27, 2021, showing a significant increase in net sales, up 34.7% to $43.6 million in Q2 and 26.3% to $87.6 million YTD. Despite rising sales, the company faced a net loss of $(2.48) million in Q2 compared to $(368) thousand in 2020, with gross profit margins decreasing from 18.1% to 13.0%. A quarterly dividend of $0.22 per share was declared, payable on August 18, 2021, with a record date of August 11, 2021.
Burnham Holdings, Inc. (OTC-Pink: BURCA) announced the results of its Annual Meeting on April 26, 2021, held virtually in Lancaster, PA. Stockholders approved the election of directors Douglas S. Brossman, Christopher R. Drew, and Laura T. Wand for three-year terms. The Board declared a quarterly common stock dividend of $0.22 per share and a semi-annual preferred stock dividend of $1.50 per share, both payable on June 15, 2021, with a record date of June 8, 2021. Financial results for Q1 2021 were also disclosed earlier that day.
Burnham Holdings, Inc. (OTC-Pink: BURCA) reported a net sales increase of 18.9% to $44.0 million for Q1 2021, driven by improved demand for residential heating equipment. However, gross profit margin fell to 15.9% due to rising material costs. The company experienced a net loss of $(0.58) million, an improvement from $(1.07) million in Q1 2020. Total debt decreased to $19.8 million. While residential sales rose by 30.3%, commercial product sales dropped 9.9% due to COVID-19 impacts. Despite challenges, incoming orders for commercial products have surged recently.
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