Burnham Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 03, 2022
July 21, 2022 at 07:30 pm
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Burnham Holdings, Inc. reported earnings results for the second quarter and six months ended July 03, 2022. For the second quarter, the company reported sales was USD 52.5 million compared to USD 43.55 million a year ago. Net loss was USD 1.07 million compared to USD 2.48 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.54 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to USD 0.54 a year ago.
For the six months, sales was USD 104.94 million compared to USD 87.56 million a year ago. Net loss was USD 1.83 million compared to USD 3.06 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 0.67 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 0.67 a year ago.
Burnham Holdings, Inc. is a holding company of a group of subsidiaries that service the heating, ventilating, and air conditioning (HVAC) market segment. The Company's subsidiaries are domestic manufacturers of boilers and related HVAC products and accessories, including advanced control systems, furnaces, radiators, and air conditioning systems for residential, commercial, and industrial applications. Its residential subsidiaries provide interior comfort solutions for homes and small buildings. Its commercial heating applications include military bases, multi-unit residential buildings, health care, government, education, and hospital facilities. Its industrial applications include any project where steam or hot water is needed. Its product offerings include a range of cast iron, stainless steel, fire-tube, water-tube, and copper-tube boilers, as well as boiler room accessories, for commercial and industrial markets.