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) 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.
AirBoss of America Corp. has successfully acquired Ace Elastomer, Inc. for US$42.5 million in cash, aiming to enhance its position in the custom rubber compounding industry. This acquisition bolsters AirBoss Rubber Solutions’ market share in color and specialty compounding while expanding its customer base in the U.S. South and Mid-West regions. Ace's management team will remain intact, allowing for a smooth integration. This strategic move is expected to facilitate AirBoss's growth in the specialty compounding market, which has been a key target for the company.
AirBoss of America Corp. (OTCQX: ABSSF) updated its 2021 outlook following the acquisition of Ace Elastomer, Inc. The company projects revenues of $630-$710 million, indicating a 25%-41% growth from 2020. Adjusted EBITDA margins are expected between 15.0%-15.5%, with earnings per diluted share estimated at $1.80-$2.19, up 24%-51% year-over-year. Post-acquisition, AirBoss anticipates a 15% increase in sales and a 28% rise in gross profit for AirBoss Rubber Solutions. This strategic move enhances capacity and market reach while minimizing customer overlap.
AirBoss of America Corp. (OTCQX: ABSSF) has announced plans to acquire 100% of Ace Elastomer, Inc. for approximately US$42.5 million, expected to close in Q3 2021. The acquisition will enhance AirBoss Rubber Solutions' (ARS) capacity in color and specialty rubber compounding, expanding its reach in the U.S. market. The deal is anticipated to positively impact EBITDA and earnings per share immediately. Ace's management team will remain post-acquisition, ensuring continuity in operations.
AirBoss of America Corp. (ABSSF) reported remarkable Q2 2021 results, achieving a record diluted EPS of $0.65, up 141% from Q2 2020. The company completed the acquisition of Blackbox Biometrics® and announced a 43% increase in its quarterly dividend to C$0.10 per share. Revenue rose 5.3% YoY to $118.4 million, driven by robust performance in Rubber Solutions and Engineered Products segments. Despite facing challenges from supply chain issues, AirBoss anticipates continued growth and affirmed its 2021 revenue guidance of $630 to $710 million.
AirBoss of America Corp. announced its participation in Canaccord Genuity’s 41st Annual Growth Conference, scheduled for August 12, 2021, at 8:00 am ET. The event will be held virtually, and interested parties can access a live webcast of the management presentation via the provided link. The presentation will be archived for 90 days following the event. AirBoss specializes in innovative survivability solutions and operates through three divisions: Defense, Rubber Solutions, and Engineered Products. Shares are traded under the symbol ABSSF on OTCQX.
AirBoss of America Corp. (OTCQX: ABSSF) will release its second quarter 2021 financial results on August 10, 2021, after market close. A conference call for discussing these results is scheduled for August 11, 2021, at 9:00 am ET. The company specializes in custom compounded rubber, survivability solutions, and anti-vibration components. AirBoss Defense Group plays a crucial role in providing CBRN-E protective solutions globally. To participate in the conference call, a dial-in number has been provided, along with a webcast link.
AirBoss of America Corp. (OTCQX: ABSSF) has announced that its shares are now listed for trading on the OTCQX® Best Market, enhancing access for U.S. and international investors. The decision aims to increase trading liquidity and expand the company’s shareholder base, driven by approximately 90% of its 2020 sales originating from U.S. and international markets. The OTCQX is recognized for its transparent trading and strict financial standards, providing a conducive environment for valuation and liquidity enhancement.