- Burnham Holdings, Inc. (BURCA, Financial) reported a net sales increase of 15.8% to $64.8 million in Q1 2025 compared to Q1 2024.
- Net income rose to $3.4 million, while diluted earnings per share increased to $0.72.
- The company reduced its total debt by $8.2 million and decreased inventory levels by $8.1 million year-over-year.
Burnham Holdings, Inc. (BURCA) has announced a strong start to 2025 with significant financial growth in the first quarter. The company reported a 15.8% increase in net sales, totaling $64.8 million, compared to the first quarter of 2024. This growth was driven by a 20.1% rise in residential product sales, a 2.6% increase in commercial products, and a 40.1% surge in their service and rentals business.
The company's gross profit margin improved to 25.4%, up from 24.9% in the previous year, reflecting enhanced operational efficiencies. However, EBITDA margin slightly declined to 9.3% from 9.9% due to ongoing product mix and temporary inefficiencies at some manufacturing facilities.
Net income for Burnham Holdings rose to $3.4 million, while diluted earnings per share grew to $0.72 from $0.64 in Q1 2024. These results exemplify the company’s effective financial management, which included reducing total debt by $8.2 million and lowering inventory levels by $8.1 million, thereby improving cash flow and operational flexibility.
A notable strategic decision during the quarter was the winddown of production at the Crown Boiler facility in Philadelphia. This move is intended to enhance manufacturing efficiency and support long-term growth objectives.
The company remains optimistic about its future, maintaining that order flows and backlogs align with expected seasonal patterns for the rest of 2025. In light of these results, Burnham Holdings continues to evaluate working capital needs to sustain production volumes and support future growth initiatives.
