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Airboss Of America Corp. (T:BOS)

Business Focus: Commodity Chemicals (NEC)

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, Chief Executive Officer
Chris Bitsakakis
President, Chief Operating Officer
Frank Ientile
Chief Financial Officer, Treasurer
Patrick Callahan
Chief Executive Officer of AirBoss Defense Group
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
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 fiscal year ended 31 December 2023, AirBoss of America Corp revenues decreased 11% to $426M. Net loss increased 31% to $41.7M. Revenues reflect United States segment decrease of 11% to $323.2M, Other countries segment decrease of 19% to $34.7M, Canada segment decrease of 3% to $68.1M. Higher net loss reflects Engineered Products segment loss increase from $11.3M to $37M, Unallocated Corporate costs segment loss increase from $3.1M to $12.8M.
Employees: 1,295 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $288.71M as of Dec 31, 2023
Annual revenue (TTM): $583.65M as of Dec 31, 2023
EBITDA (TTM): -$15.31M as of Dec 31, 2023
Net annual income (TTM): -$57.20M as of Dec 31, 2023
Free cash flow (TTM): $33.39M as of Dec 31, 2023
Net Debt Last Fiscal Year: $139.88M as of Dec 31, 2023
Shares outstanding: 27,131,000 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization