Burnham Holdings, Inc. Announces Third Quarter And Nine Months Results
BURNHAM HLDGS INC A (BURCA)
NASDAQ:AMEX Investor Relations:
burnhamholdings.com
Company Research
Source: PR Newswire
LANCASTER, Pa., Oct. 16, 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 third quarter and nine months ended September 29, 2019.Highlights of our third quarter and year-to-date (YTD) operating performance include the following:Net sales in 2019 were higher versus last year, with third quarter sales up $4.6 million (9.8%) and YTD sales up $11.7 million (9.2%). Residential product sales were higher by 4.5% in the third quarter and 6.9% YTD, while sales of commercial products were higher by 22.8% in the third quarter and 14.9% YTD. YTD sales of residential and commercial high efficiency products combined were higher by nearly 15% in 2019 versus last year. Higher working cap
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