AirBoss of America Corp
TSX:BOS
AirBoss of America Corp
AirBoss of America Corp. engages in the provision of compounded rubber, survivability solutions and anti-vibration components to a diverse group of customers globally. The company is headquartered in Newmarket, Ontario and currently employs 1,361 full-time employees. The Company’s segments include Rubber Solutions, Engineered Products and AirBoss Defense Group. The Company’s Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding related chemicals. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration and harshness dampening parts. The AirBoss Defense Group segment includes the manufacture and distribution of personal protection and safety products, primarily for the manufacture of semi-finished rubber related products. The firm's subsidiaries include AirBoss Rubber Compounding (NC), LLC (ANC), SunBoss Chemicals Corp., AirBoss Flexible Products, LLC (AFP), AirBoss Defense Group Ltd. (ADG Canada), and AirBoss Defense Group, LLC (ADG USA).
AirBoss of America Corp. engages in the provision of compounded rubber, survivability solutions and anti-vibration components to a diverse group of customers globally. The company is headquartered in Newmarket, Ontario and currently employs 1,361 full-time employees. The Company’s segments include Rubber Solutions, Engineered Products and AirBoss Defense Group. The Company’s Rubber Solutions segment includes manufacturing and distribution of rubber compounds and distribution of rubber compounding related chemicals. The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration and harshness dampening parts. The AirBoss Defense Group segment includes the manufacture and distribution of personal protection and safety products, primarily for the manufacture of semi-finished rubber related products. The firm's subsidiaries include AirBoss Rubber Compounding (NC), LLC (ANC), SunBoss Chemicals Corp., AirBoss Flexible Products, LLC (AFP), AirBoss Defense Group Ltd. (ADG Canada), and AirBoss Defense Group, LLC (ADG USA).
Revenue Growth: AirBoss reported Q3 2025 consolidated net sales of $100.4 million, up 4.4% from the prior year, driven by strength in Manufactured Products.
Segment Divergence: Manufactured Products saw a 27.7% sales increase, while Rubber Solutions declined 5.5% in sales and 23.9% in gross profit, reflecting ongoing softness in customer sectors.
Profitability: Adjusted EBITDA rose to $7.3 million from $6.4 million last year, and free cash flow swung positive to $4.9 million after being negative $2.9 million in Q3 2024.
Debt Reduction: Net debt decreased by $16 million year-to-date, with net debt to trailing twelve-month adjusted EBITDA dropping from 4.67x to 2.7x.
Bandolier Program: Bandolier defense deliveries resumed late in Q3 with the bulk of remaining shipments expected in Q4 2025 and early 2026.
Outlook: Management highlighted ongoing macro and tariff uncertainties, but noted operational improvements and new customer launches in Q4 provide some optimism, though no specific guidance was issued.
