Burnham Holdings, Inc. Announces First Half Results, Appoints New Board Member, And Declares Dividend
BURNHAM HLDGS INC A (BURCA)
NASDAQ:AMEX Investor Relations:
burnhamholdings.com
Company Research
Source: PR Newswire
LANCASTER, Pa., July 18, 2019 /PRNewswire/ -- Burnham Holdings, Inc. (Pink Sheets: BURCA), the parent company of multiple subsidiaries that are leading domestic manufacturers of boilers, and related HVAC products and accessories (including furnaces, radiators, and air conditioning systems) for residential, commercial and industrial applications, today reported its financial results for the six months ended June 30, 2019, and announced a common stock dividend.Highlights of our second quarter and year-to-date (YTD) operating performance include the following:2019 Net sales were higher versus last year; up $2.4 million (6.0%) during the second quarter, and $7.1 million (8.8%) for the year. Residential product sales were up 4.6% in the quarter and 8.3% in the first half; while commercial product sales were up 8.9% in the quarter and 10.1% in the first half. Combined sales of residential and commercial high efficiency condensing products in the first half were higher by over 20% versus 201
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