Divests asbestos-related liabilities Restructures the firm and further streamlines continuing operations Strengthens financial position and further advances BHI's priorities of portfolio optimization and simplification LANCASTER, Pa., Dec. 31, 2025 /PRNewswire/ -- Burnham Holdings, Inc. (BHI), parent company to leading manufacturers of boilers and related HVAC products and accessories, announced the continuation of its strategic initiatives intended to refocus its boiler business. As part of these initia ...

Core Insights - Burnham Holdings, Inc. reported strong growth in Q2 2025, driven by strategic portfolio adjustments aimed at enhancing its core boiler business and expanding commercial and industrial service offerings [1][2][3] Financial Performance - Net sales for Q2 2025 reached $53.0 million, an 8.5% increase ($4.1 million) compared to Q2 2024 [8] - Year-to-date net sales climbed to $108.7 million, up from $97.7 million in the first half of 2024 [8] - Adjusted EBITDA for the first half of 2025 was $9.0 million, representing 7.5% of net sales, an increase from $8.5 million in the first half of 2024 [8] - Adjusted net income for Q2 2025 rose to $1.1 million, compared to $0.8 million in the prior year [8] - Adjusted diluted earnings per share improved to $0.23 in Q2 2025, up from $0.18 in 2024 [8] Strategic Actions - The company divested its subsidiaries Thermo Pride, LLC and Norwood Manufacturing, Inc., closing the transaction for $27.3 million, yielding net cash proceeds of $23.7 million [3][4] - The divestiture and the planned wind down of Crown Boiler operations are part of a unified strategy to optimize performance and focus on high-growth areas [2][4] - Impairment charges of $3.1 million were recorded in Q2 2025 as part of the strategic realignment [2][3] Shareholder Returns - The Board of Directors declared a quarterly common stock dividend of $0.23 per share, payable on September 25, 2025 [5] Operational Efficiency - The company maintained strong gross profit margins of 21.6% in Q2 2025, reflecting operational efficiencies in its commercial businesses [8] - Average debt levels have decreased significantly year-over-year, contributing to lower interest expenses [3][4]

Core Viewpoint - Lennox International (LII) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a strong history of exceeding expectations [1]. Group 1: Earnings Performance - Lennox has a solid track record of surpassing earnings estimates, with an average surprise of 18.04% over the last two quarters [2]. - In the last reported quarter, Lennox achieved earnings of $3.37 per share, exceeding the Zacks Consensus Estimate of $3.25 per share by 3.69% [3]. - For the previous quarter, the company reported earnings of $5.6 per share against an expectation of $4.23 per share, resulting in a surprise of 32.39% [3]. Group 2: Earnings Estimates and Predictions - Estimates for Lennox have been trending upward, aided by its history of earnings surprises, and the stock currently has a positive Zacks Earnings ESP of +2.03% [5][7]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat, with historical data indicating that nearly 70% of stocks with this combination exceed consensus estimates [6][7]. Group 3: Earnings Release Information - The next earnings report for Lennox is expected to be released on July 23, 2025 [7].

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Lennox International (LII) due to higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Lennox is expected to report quarterly earnings of $6.90 per share, reflecting a +1% change year-over-year, with revenues projected at $1.48 billion, up 2.1% from the previous year [3]. - The consensus EPS estimate has been revised 0.17% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +2.41% for Lennox, suggesting analysts are optimistic about the company's earnings prospects [12]. - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. Historical Performance - Lennox has consistently beaten consensus EPS estimates, achieving this in the last four quarters [14]. - In the last reported quarter, Lennox exceeded expectations by delivering earnings of $3.37 per share against an expected $3.25, resulting in a surprise of +3.69% [13]. Conclusion - Lennox is positioned as a compelling candidate for an earnings beat, but investors should consider other influencing factors before making investment decisions [17].

Financial Data and Key Metrics Changes - For the fiscal first quarter of 2025, the company reported revenue of $24.4 million and adjusted EBITDA of $1.9 million, with year-over-year adjusted EBITDA increasing by $1.8 million [5][6] - Net revenues increased by 1% sequentially but decreased by 2% year-over-year, primarily due to lower sales of wafer cleaning equipment [13] - GAAP net income for the first quarter was $300,000 or $0.02 per share, compared to a net loss of $9.4 million or $0.60 per share in the same quarter last year [15][16] Business Line Data and Key Metrics Changes - The Semiconductor Fabrication Solutions business includes various consumables and capital equipment, aiming for sustainable growth through recurring revenue streams [9] - The Thermal Process Solutions business focuses on reflow equipment for advanced chip packaging, with a goal to drive long-term growth [9] Market Data and Key Metrics Changes - Demand for equipment and consumables in mature node semiconductor production remains muted, particularly in industrial equipment and automotive sectors [8] - However, demand for reflow equipment in leading-edge applications, such as AI infrastructure, has strengthened [8][11] Company Strategy and Development Direction - The company is focused on operational excellence and cost optimization, with restructuring initiatives yielding over $8 million in annualized cost savings [6][10] - Investments in AI-related infrastructure and supply chain diversification are expected to drive recovery in capital equipment demand [11] - The company is refining its business segments to provide greater clarity and focus, enhancing its ability to adapt to market demand [8][10] Management's Comments on Operating Environment and Future Outlook - Management noted that while the near-term outlook for revenue and earnings remains challenging, long-term prospects are strong for consumables and equipment serving advanced mobility and packaging applications [17] - The company is optimistic about future growth drivers, despite the current softness in the market [10][11] Other Important Information - Unrestricted cash and cash equivalents increased to $13.2 million, attributed to stronger accounts receivable collection and inventory management [17] - The company expects revenues for the second fiscal quarter to range between $21 million and $23 million, with adjusted EBITDA expected to be nominally positive [17] Q&A Session Summary Question: Are there still additional costs that can be taken out of the business? - Management indicated ongoing efforts in supply chain management and footprint utilization to reduce input costs and fixed costs [20] Question: What is the current outlook for the automotive market? - Management noted continued softness in the automotive equipment segment, with no signs of a sharp recovery [22][23] Question: Can you provide more details on the advanced packaging space? - Management observed strengthening in the advanced packaging area, particularly for AI data centers, and expects increased volume to drive growth [27][28]