Airboss of America ( (TSE:BOS) ) has provided an announcement.
AirBoss of America Corp. reported its unaudited fourth quarter and full-year 2024 results, highlighting significant developments in its defense and rubber solutions segments. Despite a challenging year with a net loss of $20.4 million, the company secured a substantial $82.3 million contract from the U.S. Government for its defense division, contributing to over $200 million in government contracts. The company also launched its first silicone production line in Michigan to enhance its specialty compounding capabilities. However, AirBoss faces potential challenges from geopolitical tensions and tariffs, which could impact its operations and sales. The company remains focused on expanding its core segments and technical capabilities to mitigate these risks.
More about Airboss of America
AirBoss of America Corp. operates in the manufacturing industry, focusing on rubber-based products and solutions. The company is known for its specialty compounding and defense products, including molded lightweight overboots and isolation gowns, with a market focus on North American and international markets.
YTD Price Performance: -8.52%
Average Trading Volume: 23,744
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$102M
See more data about BOS stock on TipRanks’ Stock Analysis page.
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