Welcome to our dedicated page for Airboss Of Ameri news (Ticker: ABSSF), a resource for investors and traders seeking the latest updates and insights on Airboss Of Ameri stock.
AirBoss of America Corp (OTCQX: ABSSF; TSX: BOS) is regularly featured in corporate news for its activities in survivability solutions, custom rubber compounding and rubber-molded products. Company announcements often highlight developments in its two divisions, AirBoss Rubber Solutions and AirBoss Manufactured Products, as well as updates from its defense-focused operations.
Investors and observers following AirBoss news can expect coverage of quarterly and annual financial results, including segment performance for AirBoss Rubber Solutions and AirBoss Manufactured Products. Earnings releases typically discuss trends in net sales, gross profit and segment volumes, along with commentary on economic and geopolitical factors such as tariffs, market softness and supply chain conditions that affect the company’s operations.
News items also frequently describe new and existing contracts in the defense business. Public announcements have detailed orders for Molded AirBoss Lightweight Overboots and Low Burden Masks, including contracts with the Canadian Department of National Defense and armasuisse in support of Swiss Defense Forces personnel, as well as updates on Bandolier lightweight multipurpose energetic systems. These releases often explain contract values, delivery timelines and the role of these products in providing protection for military and related users.
Additional AirBoss news includes updates on strategic priorities, such as the focus on specialized custom rubber compounding, investments in production capabilities and initiatives within the Manufactured Products division related to automotive and other sectors. Readers can also find information on credit facilities, dividends declared by the board of directors and outcomes of the company’s annual general meeting, including director elections and auditor appointments.
For those tracking ABSSF, the news flow provides ongoing insight into the company’s operational performance, contract activity in defense-related products and developments in its rubber solutions and manufactured products businesses.
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.
AirBoss of America Corp. (OTCQX: ABSSF) has scheduled its fourth quarter and full year 2021 financial results announcement for March 8, 2022. A subsequent conference call will take place on March 9, 2022, at 9:00 am ET, to discuss these results.
The company specializes in survivability solutions and operates three divisions: Defense, Rubber Solutions, and Engineered Products. For participation in the call, dial-in details and a webcast link are provided. Investors can find more information on their official website.
AirBoss of America has announced a renewed normal course issuer bid (NCIB) to repurchase up to 500,000 common shares on the Toronto Stock Exchange (TSX) starting December 6, 2021, until December 5, 2022. The company aims to purchase these shares as it believes their market prices may not reflect the underlying value of the business. The maximum daily purchases allowed is 35,982 shares, and all shares acquired will be canceled. The previous bid, which expired on November 29, 2021, saw no shares repurchased to date.
AirBoss of America Corp. (OTCQX: ABSSF) reported its Q3 2021 results, citing a strong position despite challenges from COVID-19 and supply chain issues. Highlights include the acquisition of Ace Elastomer for $42.5 million, increased revolving credit facilities up to $250 million, and NIOSH approval for the AirBoss 100™ Half Mask Respirator. However, Q3 net sales dropped 31.2% to $112 million, impacted by $116 million in sales delays. Adjusted EBITDA fell 62.7%. Despite these challenges, AirBoss reaffirmed its 2021 guidance of $630-$710 million in revenues, driven by ongoing demand for PPE.
AirBoss of America Corp. (OTCQX: ABSSF) announced that its subsidiary, AirBoss Defense Group, has shipped remaining nitrile gloves for the U.S. Strategic National Stockpile, valued at up to $288 million. Delivery is expected to complete mainly in Q4 2021 due to production delays in Malaysia and supply chain issues. Q3 2021 revenues are anticipated at $112 million, with Adjusted EBITDA of approximately $13 million. AirBoss received NIOSH approval for its new AirBoss 100™ Half Mask Respirator, enhancing its product lineup for protective equipment. Full Q3 results will be released on November 9, 2021.