AirBoss Reports 3rd Quarter 2026 Results
Key Highlights
- ➤Q3 profit $1.5M versus $2.9M loss; adjusted EBITDA rose to $8.1M
- ➤Defense orders valued up to $16.9M target late-2026 and early-2027 deliveries
- ➤Rubber molded awards expected to generate up to $100M sales over five years
- ➤Credit facilities renewed with improved pricing and maturity extended to September 2031
- ➤Q3 net sales declined 1.7% to $98.7M amid lower Manufactured Products sales
Expert Statements
Chris Bitsakakis, President and Co-CEO of AirBoss
“AirBoss delivered improved profitability and adjusted EBITDA in the third quarter of 2026, reflecting our continued focus on operational execution and disciplined cost management despite ongoing economic and geopolitical challenges. We were encouraged by improved performance at AirBoss Rubber Solutions, where higher volumes and improved margins contributed to stronger results. AirBoss Manufactured Products continued to make progress in its rubber molded products business and, since the beginning of 2026, has secured new business expected to generate up to $100.0 million in sales over the next five years, further validating prior investments in automation which have positioned AMP well for new onshoring opportunities. While defense deliveries were lower in Q3 2026 following the completion of previously awarded contracts, ADG secured new orders valued at up to $16.9 million, reflecting continued demand for its portfolio of survivability solutions among NATO and allied customers. In addition, the renewal of our credit facilities provides greater financial flexibility, reduced borrowing costs and an extended financing runway to support the execution of our business plan.”
Gren Schoch, Chairman and Co-CEO of AirBoss
“Throughout 2026, AirBoss has remained focused on executing its long-term strategy and strengthening the foundation for sustainable growth. Our priorities remain unchanged, including growing our core Rubber Solutions segment, expanding our advanced rubber molded products business and positioning our defense business to capitalize on opportunities with NATO and other partner nations. We are also pleased to welcome Leslie Graves to our Board of Directors, whose extensive capital markets experience and strategic perspective will be valuable as we continue to advance our long-term objectives.”
NEWMARKET, Ontario, Nov. 04, 2026 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (OTCQX: ABSSF) (the “Company” or “AirBoss”) today announced its third quarter 2026 results. The Company will host a conference call and webcast to discuss the results on November 5(th) at 9:00 am (ET), the details of which are outlined below. All dollar amounts are shown in thousands of United States dollars ("US$" or "$"), except share data, unless otherwise noted.
Recent Highlights * Basic profit per share increased to $0.06 in the third quarter of 2026 ("Q3 2026") compared to a loss of $0.11 per share in the third quarter of 2025 ("Q3 2025"); * Adjusted EBITDA increased by $0.8 million to $8.1 million in Q3 2026 from $7.3 million in Q3 2025. Profit improved by $4.4 million to $1.5 million from a loss of $2.9 million; * AirBoss Manufactured Products' defense business was awarded new orders valued up to $16.9 million for deliveries expected to occur during late 2026 and early 2027; * AirBoss Manufactured Products' rubber molded products business secured new production awards from original equipment manufacturers (OEM) and Tier 1 manufacturers throughout 2026 which are expected to generate up to $100 million in sales over the next five years; * Renewed and amended its existing senior secured credit facilities to achieve improved pricing and extend maturity to September 2031; * Appointed Leslie Graves, Co-Head of Capital Markets and a Partner at R. Seelaus & Co., to its Board of Directors effective August 27, 2026; and * Declared a quarterly dividend of CAD$0.035 per common share. “AirBoss delivered improved profitability and adjusted EBITDA in the third quarter of 2026, reflecting our continued focus on operational execution and disciplined cost management despite ongoing economic and geopolitical challenges,” said Chris Bitsakakis, President and Co-CEO of AirBoss. “We were encouraged by improved performance at AirBoss Rubber Solutions, where higher volumes and improved margins contributed to stronger results. AirBoss Manufactured Products continued to make progress in its rubber molded products business and, since the beginning of 2026, has secured new business expected to generate up to $100.0 million in sales over the next five years, further validating prior investments in automation which have positioned AMP well for new onshoring opportunities. While defense deliveries were lower in Q3 2026 following the completion of previously awarded contracts, ADG secured new orders valued at up to $16.9 million, reflecting continued demand for its portfolio of survivability solutions among NATO and allied customers. In addition, the renewal of our credit facilities provides greater financial flexibility, reduced borrowing costs and an extended financing runway to support the execution of our business plan.”
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