Airboss of America (TSE:BOS) has released an update.
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AirBoss of America Corp. reported a challenging second quarter in 2024 with a decrease in net sales and a loss, attributed to the economic slowdown in North America. The company remains optimistic due to the commencement of shipments under a new $45 million NATO contract and the potential for improved performance in the second half of 2024. Strategic initiatives are in place to enhance shareholder value, including a review of alternatives advised by TD Securities and the settlement of a class action lawsuit in Canada.
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