AirBoss of America Corp. reports developments across its custom rubber compounding, rubber-molded products and survivability solutions businesses. The company operates through AirBoss Rubber Solutions and AirBoss Manufactured Products, including AirBoss Defense operations that supply personal and respiratory protective equipment, technology and related products for defense, healthcare, medical and first responder markets.
Recurring news for ABSSF includes quarterly and annual results, adjusted EBITDA and balance sheet commentary, dividend declarations, annual meeting matters, board changes and defense-product orders such as Low Burden Masks, filters and accessories. Updates also discuss customer demand across automotive, defense and other industrial sectors, manufacturing footprint optimization and operating conditions affecting rubber and molded-product markets.
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.
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.