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Airboss of America (TSE:BOS)
TSX:BOS
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-C$0.03Last Year’s EPS
-C$0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -14.06%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights show positive developments in the defense product line and improvements in gross profit and operational efficiencies. However, these are offset by significant volume decreases and sales declines in key segments, along with increased net debt, suggesting a mixed performance overall.Company Guidance
During the AirBoss Q3 2024 earnings call, management provided guidance indicating a strategic focus on mitigating current economic headwinds and leveraging growth opportunities. They reported consolidated net sales of $96.2 million, a 5.9% decrease compared to Q3 2023, attributed to volume reductions in AirBoss Rubber Solutions (ARS) and lower sales in the rubber-molded products business within AirBoss Manufactured Products (AMP). However, sales in the defense segment improved. Management anticipates a volume recovery in early 2025, contingent on inflationary pressures and geopolitical factors, as well as successful capitalizing on key opportunities. ARS experienced a 17.5% volume decline, with gross profit remaining stable at $8.3 million due to margin expansion strategies. AMP's net sales declined by 5.7%, yet gross profit increased to $7.8 million due to operational improvements and cost reductions. They continue to focus on innovation, diversification, and strategic acquisitions to drive long-term growth. The company ended Q3 2024 with a net debt balance of $97.2 million and a revolving credit facility draw of $112.4 million.Defense Product Line Rebound
Commencement of shipments under the Bandolier contract and awarding of the isolation gown contract from HHS, with over $150 million in new contracts awarded in 2024.
Gross Profit Increase
Consolidated gross profit for Q3 2024 increased by $2.3 million to $16.1 million compared to Q3 2023.
Margin Expansion in ARS
Despite a volume decrease, ARS maintained gross profit at $8.3 million due to margin expansion strategies, product mix management, and continuous improvement initiatives.
Operational Improvements in AMP
Gross profit within AMP for Q3 of 2024 increased to $7.8 million from $5.6 million in Q3 2023, driven by improvements in the defense products business and operational cost improvements.
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TSE:BOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:BOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$4.34 | C$4.01 | -7.60% |
| Aug 13, 2024 | C$4.57 | C$4.27 | -6.56% |
| May 08, 2024 | C$5.76 | C$5.81 | +0.87% |
| Mar 06, 2024 | C$5.06 | C$5.03 | -0.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Airboss of America (TSE:BOS) report earnings?
Airboss of America (TSE:BOS) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Airboss of America (TSE:BOS) earnings time?
Airboss of America (TSE:BOS) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BOS EPS forecast?
TSE:BOS EPS forecast for the fiscal quarter 2024 (Q4) is -C$0.03.
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