Burnham Holdings, Inc. reported strong top-line performance in its fourth quarter and full-year 2025 results, with net sales reaching $91.1 million in Q4, representing 13.8% year-over-year growth. Full-year net sales totaled $258.1 million, demonstrating sustained demand across the company's business segments.
The company's profitability was significantly impacted by non-operational charges during the year. A $23.5 million loss related to the divestiture of legacy asbestos liabilities and a $23.0 million pension settlement charge resulted in a net loss of $31.3 million for Q4 and $21.5 million for the full year. These charges, while material, are largely attributable to one-time restructuring and liability management activities.
Adjusted operating metrics painted a more favorable picture of underlying business performance. Adjusted EBITDA reached $12.0 million in the fourth quarter and $21.9 million for the full year, while adjusted diluted earnings per share achieved an all-time high of $2.55 for 2025, underscoring improved operational efficiency and profitability on a normalized basis.