Burnham Holdings Q1 profit up 36% on portfolio adjustments

Burnham Holdings

27/04/2026 16:39

Overview

U.S. boiler maker's Q1 net sales rose 18.7% and net income climbed 36% yr/yr

Company's profitability improved after 2025 strategic portfolio adjustments and focus on core business

Gross profit margin increased to 26.6% from 24.5% in Q1 2025

Outlook

Company says oil and gas market volatility may impact near-term margins

Burnham expects demand for heating solutions to drive continued sales growth

Company expects strategic investments to support long-term margin expansion

Result Drivers

PORTFOLIO FOCUS - Co attributed sales growth and improved profitability to 2025 strategic portfolio adjustments and focus on core boiler business

OPERATIONAL DISCIPLINE - Investments in engineering efficiency and production throughput supported margin expansion, per management

PLANNED SG&A SPEND - Higher SG&A expenses as a percentage of sales were in line with planned initiative spending

Company press release: ID:nPn2Y9pxGa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$66.18 mln
Q1 EPS
$0.72
Q1 Net Income
$3.44 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)