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 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. 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.
AirBoss of America Corp. (OTCQX: ABSSF) has updated its senior secured credit facilities, expanding available credit from USD $150 million to USD $250 million, with an accordion option of USD $75 million. The maturity date is now set for September 23, 2026, eliminating principal payments before maturity. This enhanced credit structure aims to finance working capital needs and support the company's growth strategies. The expanded syndicate includes major banks, providing AirBoss with more favorable terms and increased financial flexibility.
AirBoss of America Corp. (OTCQX: ABSSF) announced participation in the CIBC 20th Annual Eastern Institutional Investor Conference on September 22, 2021. The event will be held virtually, featuring a Fireside Chat at 3:35 PM ET with management and 1x1 meetings with institutional investors. A webcast link will be available post-event on the company's website for those interested in listening to the discussion. AirBoss is a leading manufacturer of innovative survivability solutions, operating across three divisions: Defense, Rubber Solutions, and Engineered Products.
AirBoss of America Corp. announced participation in RBC Capital Markets' Global Industrials Virtual Conference on September 9, 2021. Management will engage in a Fireside Chat at 1:20 p.m. Eastern time and conduct one-on-one meetings with institutional investors. The chat will be webcast live, with a replay available. Interested investors can contact their RBC representative for conference invitations or meeting arrangements. AirBoss specializes in survivability solutions, custom rubber compounds, and engineered products, and is publicly traded under the ticker ABSSF.
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