Airboss Of Ameri Stock Price, News & Analysis

AirBoss of America (OTCQX:ABSSF) has scheduled the release of its second quarter 2025 financial results for August 7, 2025, after market close. The company will host a conference call to discuss the results on Friday, August 8, 2025, at 9:00 am ET.

Investors and analysts can join the conference call via telephone at 1-833-821-0163 or 1-647-846-2293, or through the webcast link. Participants are advised to connect approximately 10 minutes before the call begins.

AirBoss of America announced the results of its Annual General Meeting held in Waterloo, Ontario. All nominated directors were successfully elected with varying levels of support. Anita Antenucci, David Camilleri, Jo-Anne O'Connor, and Stephen Ryan received overwhelming support with over 99% of votes in favor. Meanwhile, Robert McLeish, P. Grenville Schoch, and Alan J. Watson received approximately 71% of votes. KPMG LLP was reappointed as auditors with 99.79% approval. AirBoss operates through two divisions: AirBoss Rubber Solutions, a North American custom rubber compounder with 500 million turn pounds of annual capacity, and AirBoss Manufactured Products, which supplies anti-vibration solutions and protective equipment for various sectors.

AirBoss of America (OTCQX: ABSSF) reported its Q1 2025 financial results, showing improved performance despite ongoing challenges. EBITDA increased by $3.7M to $8.0M compared to Q1 2024, while net loss decreased to $0.4M from $4.9M. The company's net sales grew 1.6% to $105.1M, driven by higher defense product sales. Notable developments include commencing shipments under an $82.3M contract for Molded AirBoss Lightweight Overboots (MALOs) and securing additional orders worth up to $15.6M from Swiss Defense Forces. The company declared a quarterly dividend of C$0.035 per share. However, AirBoss faces challenges from geopolitical uncertainty, recently-enacted tariffs, and economic headwinds affecting its cross-border operations. The Rubber Solutions segment saw decreased sales (-12.9%), while Manufactured Products segment sales increased (+26.6%).

AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) has announced updates regarding its upcoming Annual General Meeting of Shareholders scheduled for May 8th, 2025. The meeting time has been rescheduled from 9:00 am to 9:30 am (EDT) to enhance shareholder participation.

The company will release its first quarter 2025 earnings results on May 7th, 2025, prior to the AGM. Shareholders can participate through a live webcast at airboss.com/AnnualGeneralMeeting2025 or via telephone at 1-833-821-0163.

Shareholders are encouraged to vote in advance of the Meeting by May 6, 2025, at 9:00 am EDT using the provided proxy or voter instruction forms.

AirBoss Defense Group has secured two new contracts worth up to US$15.6 million. The first contract, valued at up to US$9.2 million, is with armasuisse for Molded AirBoss Lightweight Overboots (MALO) to support Swiss Defense Forces. The second contract, worth up to US$6.4 million, is for Low Burden Masks (LBM), filters, and accessories for a partner nation.

Both contracts are scheduled to begin deliveries in Q3 2025. The company has also reported potential delays in their existing US$45 million Bandolier contract due to supply chain constraints affecting critical components. To date, they have completed US$17 million in deliveries under this contract, with an additional US$2.5 million worth of units in transit.

AirBoss of America (OTCQX: ABSSF) reported its Q4 and full-year 2024 results, with annual net sales decreasing 9.2% to $387,024,000. The company achieved 2024 Adjusted EBITDA of $21.9M on a loss of $20.4M.

Key highlights include:

• U.S. Government contract award worth up to $82.3M for ADG Molded Lightweight Overboots
• New secured credit facilities with $125M asset-based facility and $55M term facility
• Launch of first silicone production line in Michigan
• Quarterly dividend declared at C$0.035 per share

The Rubber Solutions segment saw an 8.9% decrease in 2024 sales to $226.4M, while Manufactured Products experienced a 12.7% decline to $176.7M. The company enters 2025 with over $200M in government contracts, though faces challenges from geopolitical climate and recently-enacted tariffs that could impact cross-border operations.

AirBoss of America (TSX: BOS, OTCQX: ABSSF) has scheduled the release of its fourth quarter and full year 2024 financial results for March 5, 2025, after market close. The company will host a conference call to discuss these results on March 6, 2025, at 9:00 am ET, with participants advised to connect approximately 10 minutes before the call.

AirBoss of America Corp. (TSX: BOS)(OTCQX:ABSSF) has secured a new 3-year IDIQ contract valued at up to US$82.3 million through its AirBoss Defense Group for the ADG Molded AirBoss Lightweight Overboot (MALO). Deliveries are scheduled to begin in Q2 2025.

The MALO is designed to provide protection against chemical and biological threats while ensuring optimal fit and comfort. AirBoss has supplied overboots to the United States for over 20 years and has sold 6.1 million pairs to more than sixty countries.

This contract follows recent defense business awards, indicating positive momentum in defense product revenue growth. The company operates through AirBoss Rubber Solutions, with 500 million turn pounds of annual capacity, and AirBoss Manufactured Products, which serves automotive and defense sectors.

AirBoss of America Corp (TSX: BOS) (OTCQX: ABSSF), North America's second-largest rubber solutions and custom compounding company, has secured a $55 million senior secured term loan facility from Great Rock Capital. The financing, combined with a revolving credit facility from The Toronto-Dominion Bank, will be used to refinance existing debt and leverage fixed assets for increased liquidity. The new credit facility aims to provide AirBoss with enhanced financial flexibility to support their strategic growth initiatives.