AIRBOSS OF AMERICA CORP - ABSSF STOCK NEWS

Welcome to our dedicated page for AIRBOSS OF AMERICA news (Ticker: ABSSF), a resource for investors and traders seeking the latest updates and insights on AIRBOSS OF AMERICA stock.

AirBoss of America Corp. (Symbol: ABSSF) is a leading and diversified developer, manufacturer, and provider of innovative survivability solutions, advanced custom rubber compounds, and finished rubber products designed to excel in the most demanding environments. Established in 1989 and headquartered in Newmarket, Ontario, the company operates through two primary divisions: AirBoss Rubber Solutions and AirBoss Manufactured Products.

AirBoss Rubber Solutions is recognized as a top-tier North American custom rubber compounder with an annual capacity of 500 million turn pounds. This division focuses on innovation in custom rubber compounding, aiming to expand its market share through both organic and inorganic growth. It emphasizes a broadening of product offerings through technological advancements and investments in new specialty compounding capabilities.

AirBoss Manufactured Products integrates the former AirBoss Engineered Products and AirBoss Defense Group. This division supplies anti-vibration and rubber-molded solutions to the North American automotive market and other sectors. Additionally, it is a global supplier of personal and respiratory protective equipment and technology for the defense, healthcare, medical, and first responder communities.

Recent achievements underscore AirBoss’s commitment to growth and innovation. The company secured contracts worth up to $57.8 million for its Bandolier multipurpose energetic system, reflecting its expanding footprint in the defense sector. Financially, AirBoss has focused on deleveraging and maintaining robust operations, evidenced by its reduction in borrowings and strategic amendments to its credit facilities to support long-term growth.

For investors and stakeholders, AirBoss presents a solid investment opportunity with its strategic focus on expanding core segments, integrating innovative solutions, and maintaining financial health amidst economic challenges. The company’s shares are publicly traded on the Toronto Stock Exchange under the symbol BOS and on the OTCQX under the symbol ABSSF. For more detailed information, visit www.airboss.com.

03/27/2024 05:30 PM

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AirBoss Announces Amendment to Credit Facilities

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AirBoss of America Corp. (ABSSF) announces amendments to its senior secured revolving credit facilities, including downsizing the credit facility, setting maximum quarterly dividends, limiting capital expenditures, and changing financial ratios until 2024. The Company aims to invest in long-term growth while prioritizing deleveraging.

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03/07/2024 01:29 PM

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AirBoss Reports 4th Quarter and Full Year 2023 Results / Correction

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AirBoss of America Corp. announced its fourth quarter and annual results, highlighting $40.9 million cash from operations in 2023, a quarterly dividend of C$0.07 per common share, and a strategic transition plan for sustainable growth. The Company faced economic headwinds in 2023 but focused on cost management and long-term priorities. Financially, there was a decrease in net sales in Q4 2023, but an increase in consolidated gross profit for the year. Adjusted EBITDA decreased in Q4 2023 and for the year compared to 2022.

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03/06/2024 05:00 PM

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AirBoss Reports 4th Quarter and Full Year 2023 Results

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AirBoss of America Corp. (ABSSF) announces Q4 and annual results with $40.9 million cash from operations in 2023. The Company focuses on strategic transition for sustainable growth amidst economic challenges.

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02/26/2024 07:30 AM

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AirBoss Announces Corporate Update and Preview of Annual 2023 Results

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AirBoss of America Corp. announces a strategic transition with new reportable segments, focusing on Rubber Solutions and Manufactured Products. The transition aims to drive growth, diversification, and productivity, with a preview of annual 2023 financial results showing a decrease in net sales and adjusted EBITDA compared to 2022.

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02/05/2024 12:27 PM

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AirBoss Announces Appointment of New Executive Vice-President and Chief Strategy Officer

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AirBoss of America Corp. appoints Mikael Fryklund as Executive Vice President and Chief Strategy Officer. Fryklund brings three decades of experience in the global rubber business, including senior managerial and executive roles for rubber and plastic manufacturers. His expertise will be crucial in shaping and executing the company's strategic direction.

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11/08/2023 05:00 PM

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AirBoss Reports Third Quarter 2023 Results

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AirBoss of America Corp. (TSX: BOS)(OTCQX:ABSSF) announced Q3 results, highlighted by $11.8 million contract awards for ADG, cost savings initiatives, and a reduction in dividends. Gross profit increased by $60,802 to $13,765 for Q3 2023. Adjusted EBITDA increased by 470.3% compared to Q3 2022.

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10/19/2023 05:00 PM

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AirBoss to Release 3rd Quarter 2023 Earnings on November 8, 2023

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AirBoss of America Corp. to release third quarter results and hold conference call

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08/09/2023 04:45 PM

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AirBoss Announces Second Quarter 2023 Results

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07/27/2023 05:00 PM

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AirBoss Provides Corporate Update and Preview of Q2 2023 Results

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07/05/2023 04:35 PM

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AirBoss Awarded Two New Contracts Valued at up to $22.3 Million

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FAQ

What is the current stock price of AIRBOSS OF AMERICA (ABSSF)?

The current stock price of AIRBOSS OF AMERICA (ABSSF) is $3.68 as of October 11, 2024.

What is the market cap of AIRBOSS OF AMERICA (ABSSF)?

The market cap of AIRBOSS OF AMERICA (ABSSF) is approximately 93.7M.

What does AirBoss of America Corp. specialize in?

AirBoss specializes in developing, manufacturing, and providing innovative survivability solutions, advanced custom rubber compounds, and finished rubber products.

What are the primary divisions of AirBoss?

AirBoss operates through two main divisions: AirBoss Rubber Solutions and AirBoss Manufactured Products.

What is the capacity of AirBoss Rubber Solutions?

AirBoss Rubber Solutions has an annual capacity of 500 million turn pounds.

What recent contracts has AirBoss secured?

AirBoss has secured contracts worth up to $57.8 million for its Bandolier multipurpose energetic system.

How has AirBoss focused on financial health?

AirBoss has focused on deleveraging, reducing borrowings, and amending credit facilities to support long-term growth.

What is the significance of AirBoss’s Bandolier system?

The Bandolier system is a lightweight and modular energetic system designed to bridge gaps between large, complex, single-role explosives and standard bulk demolitions, enhancing operational versatility.

Where can I find more information about AirBoss?

More information about AirBoss can be found on their official website at www.airboss.com.

What are the trading symbols for AirBoss shares?

AirBoss shares trade on the TSX under the symbol BOS and on the OTCQX under the symbol ABSSF.

When was AirBoss of America Corp. founded?

AirBoss of America Corp. was founded in 1989.

What is the strategic focus of AirBoss for future growth?

AirBoss aims to grow its core Rubber Solutions segment and focus on diversifying and expanding the range of products in the Manufactured Products segment while investing in long-term sustainable growth.