AirBoss of America Reports Q3 Profitability Turnaround and New Multi-Year Contract
AirBoss of America reported a significant turnaround in its third-quarter financial results, posting a diluted earnings per share (EPS) of $0.05. This marks a substantial improvement compared to the loss of $0.11 per share recorded during the same period last year. While net sales saw a slight year-over-year decline of 1.7% to $98.7 million, the company's operational efficiency improved, evidenced by an Adjusted EBITDA of $8.1 million, representing a 10.5% increase. In addition to the quarterly earnings, the company secured a significant long-term contract for its Bandolier product line. The five-year order is valued at up to $16.9 million, providing a boost to future revenue visibility and reinforcing the company's market position in defense or specialized manufacturing sectors.