Burnham Holdings, Inc. Reports Full Year 2023 Financial Results, Raises Dividend and Board Actions
BURNHAM HLDGS INC A (BURCA)
NASDAQ:AMEX Investor Relations:
burnhamholdings.com
Company Research
Source: PR Newswire
LANCASTER, Pa., Feb. 22, 2024 /PRNewswire/ -- Burnham Holdings, Inc. (OTC-Pink: BURCA), the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers, furnaces and related HVAC products and accessories for residential, commercial, and industrial applications, today reported its consolidated financial results for the twelve months ended December 31, 2023. Audited consolidated financial statements and footnotes will be included in our Annual Report, expected to be available in mid- to late March 2024. Prior periods presented have been restated for a voluntary change in accounting principle related to our last-in, first-out (LIFO) inventory valuation. For 2022, the impact increased net income by $0.4 million and diluted earnings per share by $0.08.Burnham Holdings, Inc.'s consolidated financial performance for the year ended December 31, 2023 included the following:Net sales were $253.0 million for 2023, an increase of $12.4 million, or 5.2%, versus 20
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