Sector: Basic Materials | Industry: Commodity Chemicals |
Company Contact | |
Address: | 16441 Yonge St NEWMARKET ON L3X 2G8 |
Tel: | N/A |
Website: | https://airboss.com |
IR: | See website |
Key People | ||
P. Grenville Schoch Chairman of the Board, Co-Chief Executive Officer | Chris Bitsakakis President, Co-Chief Executive Officer | Frank Ientile Chief Financial Officer, Treasurer |
Scott Lieberman President - AirBoss Rubber Solutions | Chris Figel Executive Vice President, General Counsel, Secretary | Mikael Fryklund Executive Vice President, Chief Strategy Officer |
Chris Laycoe Senior Vice President, General Manager of AirBoss Engineered Products | Ed Kiell Vice President - Corporate Supply Chain | John Johns Chief Operating Officer, AirBoss Defense Group |
Business Overview |
AirBoss of America Corp. is a Canada-based company, which develops, manufactures, and markets rubber-based products. The Company serves its products to automotive, heavy commercial, construction and infrastructure, oil and gas, and defense sectors. The Company operates through three segments: AirBoss Defense Group, Rubber Solutions, and Engineered Products. Its AirBoss Defense Group segment includes the manufacturing and distribution of personal protection and safety products, primarily for CBRN-E threats, and the manufacture of semi-finished rubber related products. Its Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding related chemicals. Its Engineered Products manufacturing and distribution of anti-noise, vibration, and harshness dampening parts. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling primarily in North American markets. |
Financial Overview |
For the three months ended 31 March 2024, AirBoss of America Corp revenues decreased 12% to $103.5M. Net loss totaled $4.9M vs. income of $1.5M. Revenues reflect United States segment decrease of 16% to $76.4M, Other countries segment decrease of 25% to $5.3M. Net loss reflects Unallocated Corporate costs segment loss increase of 7% to $3.4M. Dividend per share decreased from $0.07 to $0.05. |
Employees: | 1,295 as of Dec 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $304.42M as of Mar 31, 2024 |
Annual revenue (TTM): | $563.60M as of Mar 31, 2024 |
EBITDA (TTM): | -$23.27M as of Mar 31, 2024 |
Net annual income (TTM): | -$65.77M as of Mar 31, 2024 |
Free cash flow (TTM): | $16.97M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $151.97M as of Mar 31, 2024 |
Shares outstanding: | 27,131,000 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |