Burnham Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 02, 2022
October 13, 2022 at 12:32 pm
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Burnham Holdings, Inc. reported earnings results for the third quarter and nine months ended October 02, 2022. For the third quarter, the company reported sales was USD 59.66 million compared to USD 53.26 million a year ago. Net income was USD 0.753 million compared to net loss of USD 1.34 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to basic loss per share from continuing operations of USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to diluted loss per share from continuing operations of USD 0.29 a year ago.
For the nine months, sales was USD 164.59 million compared to USD 140.81 million a year ago. Net loss was USD 1.08 million compared to USD 4.41 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.96 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to USD 0.96 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.