Core Insights - AirBoss of America Corp. reported positive financial results for Q2 2025, with net sales increasing by 3.4% to $98,637 compared to Q2 2024, and a significant recovery in profit [7][4][15] - The company is experiencing growth in its AirBoss Manufactured Products (AMP) segment, particularly in defense products, while facing challenges in the AirBoss Rubber Solutions (ARS) segment due to market softness and economic headwinds [3][14][15] Financial Performance - Net sales for the first half of 2025 reached $203,746, up 2.5% from the same period in 2024 [7] - Adjusted EBITDA for Q2 2025 increased by 68.7% to $10,242 compared to Q2 2024, and year-to-date adjusted EBITDA rose by 75.9% [9][4] - Profit for Q2 2025 was $2,265, a turnaround from a loss of $9,568 in Q2 2024 [4][27] Segment Analysis - In the AMP segment, net sales increased by 35.2% to $54,995 in Q2 2025, driven by improved sales in defense products [14] - The ARS segment saw a decline in net sales by 13.7% to $50,930 in Q2 2025, attributed to reduced volumes and unfavorable market conditions [12][13] Operational Highlights - The company secured new production awards expected to generate up to $80 million in sales over the next five years [4] - Cash provided by operating activities increased to $12,925 in Q2 2025, up from $11,123 in Q2 2024 [5] Debt and Equity - The net debt to adjusted EBITDA ratio improved to 2.90x as of June 30, 2025, down from 4.51x at the end of 2024 [10] - The company declared a quarterly dividend of C$0.035 per common share, consistent with the previous quarter [11] Strategic Focus - AirBoss is committed to expanding its core Rubber Solutions segment and enhancing its product offerings in the AMP segment [3][19] - The company is navigating economic and geopolitical challenges while focusing on operational execution and cost management [3][15]

Core Insights - AirBoss of America Corp. reported positive financial results for Q2 2025, with net sales increasing by 3.4% to $98,637 compared to Q2 2024, and a profit turnaround from a loss of $9,568 to a profit of $2,265 [3][7][25] - The company is experiencing growth in its AirBoss Manufactured Products (AMP) segment, particularly in defense products, while facing challenges in the AirBoss Rubber Solutions (ARS) segment due to market softness and economic uncertainties [3][15][17] Financial Performance - Net sales for the first half of 2025 reached $203,746, up 2.5% from $198,857 in the same period of 2024 [7] - Adjusted EBITDA for Q2 2025 increased by 68.7% to $10,242 compared to Q2 2024, and year-to-date adjusted EBITDA rose by 75.9% [9][25] - The company declared a quarterly dividend of C$0.035 per common share, consistent with the previous quarter [11] Segment Analysis - In the AMP segment, net sales increased by 35.2% to $54,995 in Q2 2025, driven by improved sales in defense products, while the ARS segment saw a 13.7% decrease in net sales to $50,930 due to volume declines across most sectors [12][14] - Gross profit for AMP improved significantly, reaching $9,554 in Q2 2025 compared to a loss of $1,806 in Q2 2024, while ARS gross profit decreased by 35.6% to $6,613 [13][14] Operational Challenges - The company continues to navigate economic and geopolitical challenges, including tariffs, inflationary pressures, and market softness, which have impacted both segments differently [3][15][16] - AMP's operations are focused on mitigating delays in defense contracts and managing costs in response to reduced production schedules in the automotive sector [17][18] Strategic Focus - AirBoss is committed to expanding its core Rubber Solutions segment and enhancing its product offerings while maintaining a focus on operational execution and cost management [3][19] - The company is also investing in research and development to support new business opportunities and improve collaboration with customers [16]

Core Viewpoint - AirBoss of America Corp. is set to release its second quarter 2025 financial results on August 7, 2025, followed by a conference call on August 8, 2025, at 9:00 am ET [1][2]. Company Overview - AirBoss of America is a diversified developer and manufacturer of survivability solutions, advanced custom rubber compounds, and finished rubber products, established in 1989 [3]. - The company operates through two divisions: AirBoss Rubber Solutions, which has an annual capacity of 500 million turn pounds, and AirBoss Manufactured Products, which supplies anti-vibration and rubber-molded solutions to various sectors, including the North American automotive market [3]. - AirBoss also provides personal and respiratory protective equipment and technology for defense, healthcare, medical, and first responder communities through its AirBoss Defense operations [3]. - The company's shares are traded on the TSX under the symbol BOS and on the OTCQX under the symbol ABSSF [3].

NEWMARKET, Ontario, May 08, 2025 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (OTCQX: ABSSF) (the "Company"), announced today that the nominees listed in the April 11, 2025 Notice of Meeting and Management Information Circular of the Company were elected as directors of the Company at the Annual General Meeting held earlier today in Waterloo, Ontario (the "Meeting"). Detailed results of the vote for the election of directors and the appointment of auditors are set out below. Election of Directors ...