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Airboss Of Ameri (ABSSF) delivers precision-engineered solutions for aerospace and industrial sectors through innovative manufacturing and transparent reporting. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and market positioning.
Access real-time press releases covering earnings disclosures, strategic partnerships, product innovations, and operational milestones. Our curated collection ensures you stay informed about critical developments impacting ABSSF's role in safety-critical industries.
Key updates include financial results using non-IFRS adjusted profit measures, technology advancements in component manufacturing, and supply chain developments. Bookmark this page for direct access to primary source materials and professionally summarized analyses.
AirBoss of America Corp. (OTCQX:ABSSF) reported Q3 2022 results with net sales decreasing by 6.6% to $104.7 million. A significant non-cash inventory write-down of $57 million impacted gross profit, resulting in a loss of $47 million for the quarter. Adjusted EBITDA fell by 90.9% to $1.3 million. Despite challenges, the company secured orders worth $40.6 million for Husky 2G Vehicles. The quarterly dividend is set at C$0.10 per share, to be paid on January 16, 2023. The net debt to adjusted EBITDA ratio stands at 1.92x, highlighting an increase in leverage since the previous year.
AirBoss Defense Group, a subsidiary of AirBoss of America Corp. (OTCQX: ABSSF), secured a US$35 million order for ten Husky 2G counter-improvised explosive device vehicles. These vehicles will feature advanced detection systems and comprehensive training for operators. Additionally, a $5.6 million contract was awarded for three Husky 2G vehicles to support operations in West Africa. Delivery of the first order is scheduled over 16 months, while the second is expected within six months. This expansion underscores AirBoss's commitment to providing top-tier survivability solutions in defense.
AirBoss of America Corp. (OTCQX: ABSSF) reported a non-cash charge of US$57 million due to significant drops in nitrile glove prices, with over 80% decline in the market. The firm will dispose of a portion of its gloves that no longer meet safety standards. For Q3 2022, revenue is expected to be between US$102 million and US$105 million, with an adjusted EBITDA of US$1 million to US$1.4 million, and adjusted EPS is projected to be between ($0.44) to ($0.47). The results are anticipated to be released on November 8, 2022.
AirBoss of America Corp. (OTCQX: ABSSF) announced it will release its third quarter results on November 8, 2022, after market close. A conference call to discuss these results will take place on November 9, 2022, at 9:00 am ET. The company, founded in 1989, operates through three divisions, focusing on survivability solutions, rubber compounds, and anti-vibration products. AirBoss is known for its leadership in personal protective equipment and has a substantial annual production capacity. For more details, visit www.airboss.com.
AirBoss of America Corp. (OTCQX: ABSSF) reported Q2 2022 results, revealing a 6.7% decrease in net sales to $110.5 million due to lower deliveries in the AirBoss Defense Group, though year-to-date sales rose 13.0% to $255 million. The company generated EBITDA of $10.46 million and declared a quarterly dividend of C$0.10. Challenges in supply chain and labor persisted, affecting gross profit margins, which dropped to 13.4% from 28.1% year-on-year. The Rubber Solutions segment experienced robust growth, with net sales up 50.9% this quarter.
AirBoss of America Corp. (OTCQX: ABSSF) will release its Q2 2022 financial results on August 4, 2022, after market close. A conference call to discuss these results is scheduled for August 5, 2022, at 9:00 am ET. The company operates in various sectors, including defense and healthcare, providing innovative solutions and products. Investors can connect to the call via the provided webcast link and are encouraged to join 10 minutes prior for seamless participation.
AirBoss of America Corp. held its Annual General Meeting on May 12, 2022, in Kitchener, Ontario, where all nominees listed in the April 8 Management Information Circular were elected as directors. Anita Antenucci received 99.99% support, while David Camilleri garnered 99.88%. The appointment of KPMG LLP as auditors also received a strong vote of 99.58%. The company is a leader in developing innovative survival solutions and operates across multiple divisions including defense and automotive sectors. Its shares trade on TSX as BOS and OTCQX as ABSSF.
AirBoss of America Corp. reported a strong first quarter for 2022, with diluted EPS up 54.5% to $0.34. The company delivered $237 million of gloves under a significant HHS contract, completing a total of $288 million. Net sales rose 34.6% to $144.5 million, while EBITDA increased 36.9% to $19.7 million. The company declared a quarterly dividend of C$0.10, indicating solid financial positioning with a net debt to EBITDA ratio of 1.11x. Despite ongoing supply chain challenges, AirBoss remains optimistic about future growth, backed by a record sales pipeline exceeding $1.5 billion.
AirBoss of America Corp. (OTCQX: ABSSF) will hold its Annual General Meeting on May 12, 2022, at 9:00 a.m. EDT, with Q1 2022 earnings set for release on May 11, 2022. The Meeting will be accessible via live webcast or telephone to ensure shareholder safety. Shareholders are encouraged to vote in advance before the Meeting, using proxy forms submitted by May 10, 2022. AirBoss’s 2021 Annual Report is available on SEDAR and its website.
The Company specializes in innovative rubber products, including defense solutions and custom rubber compounds.
AirBoss of America Corp. (ABSSF) reported record fourth quarter and annual sales, achieving net sales of $249.1 million for Q4 2021, an 88.4% increase year-over-year, and $586.9 million for the year, up by 17.0%. The diluted EPS grew by 22.2% to $1.65. The company maintained a solid balance sheet with a Net Debt to EBITDA ratio of 0.70x. Despite challenges, including supply chain issues, they declared a quarterly dividend of C$0.10. The company's strong performance was bolstered by strategic acquisitions and an extensive pipeline of opportunities exceeding $1.5 billion.
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