Airboss of America (TSE:BOS)
TSX:BOS
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Airboss of America
(TSX:BOS)
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Rating:64Neutral
Price Target:
C$7.50
▲(4.31% Upside)
Action:ReiteratedDate:03/23/26
The score is driven primarily by improving cash generation and a more manageable balance sheet, supported by favorable technical momentum. It is held back by ongoing net losses and earnings volatility, plus guidance and segment commentary pointing to ARS weakness, tariff uncertainty, and potential 2026 cash burn.
Positive Factors
Diversified product & end-market exposure
AirBoss's mix of defense PPE, engineered rubber components and specialty compounds creates multiple contract and OEM revenue channels. This diversification smooths demand swings across cycles, supports repeat procurement dynamics and reduces reliance on any single end market over the next 2–6 months.
Negative Factors
ARS tolling volume collapse
A 65% collapse in tolling volumes is a structural hit to ARS revenue and margins and signals customer re-routing or program pauses. Given ARS's contribution to consolidated results, sustained tolling weakness would continue to depress segment profitability, cash flow and the company's ability to realize consistent consolidated margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified product & end-market exposure
AirBoss's mix of defense PPE, engineered rubber components and specialty compounds creates multiple contract and OEM revenue channels. This diversification smooths demand swings across cycles, supports repeat procurement dynamics and reduces reliance on any single end market over the next 2–6 months.
Read all positive factors
Airboss of America (BOS) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$195.20M
Dividend Yield3.12%
Average Volume (3M)10.52K
Price to Earnings (P/E)―
Beta (1Y)1.07
Revenue Growth5.06%
EPS Growth93.02%
CountryCA
Employees1,224
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)0.01
Shares Outstanding27,149,223
10 Day Avg. Volume11,702
30 Day Avg. Volume10,516
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)0.79
Price to Sales (P/S)0.22
P/FCF Ratio2.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$8.00Price Target Upside11.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.3
Revenue Forecast (FY)C$435.85M
Airboss of America Business Overview & Revenue Model
Company Description
AirBoss of America Corp., together with its subsidiaries, develops, manufactures, and markets rubber-based products for automotive, heavy commercial, construction and infrastructure, oil and gas, and defense industries in Canada, the United States...
How the Company Makes Money
AirBoss makes money primarily by manufacturing and selling rubber-based and protective products to customers across defense and industrial supply chains. Key revenue streams include: (1) Defense/protective solutions sales: revenue from producing a...
Airboss of America Earnings Call Summary
Earnings Call Date:Mar 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call conveyed a materially stronger financial and liquidity position driven by AMP growth, improved margins, higher cash generation and meaningful deleveraging. Those positives are tempered by pronounced weakness in the Rubber Solutions segment (notably a 65% tolling volume drop), tariff and trade negotiation risks, and an expected working capital investment in 2026. Management communicated contingency planning and optimism for a mid-2026 ARS recovery but acknowledged uncertainty around timing and tariff outcomes.Positive Updates
Consolidated Revenue Growth
Consolidated net sales for Q4 2025 were $106.0M, up 15.3% from $92.0M in Q4 2024, and full-year sales were $410.2M, up 6% from $387.0M in 2024. Management cited a $23M increase in consolidated revenue year-over-year.
Negative Updates
ARS Revenue and Margin Weakness
AirBoss Rubber Solutions (ARS) net sales for Q4 2025 were $45.8M, down 3.3% year-over-year. ARS gross profit declined to $5.3M from $5.9M in Q4 2024, with volume down 3.5% across most customer sectors.
Read all updates
Q4-2025 Updates
Positive
Negative
Consolidated Revenue Growth
Consolidated net sales for Q4 2025 were $106.0M, up 15.3% from $92.0M in Q4 2024, and full-year sales were $410.2M, up 6% from $387.0M in 2024. Management cited a $23M increase in consolidated revenue year-over-year.
Read all positive updates
Company Guidance
Management's forward guidance focused on an ARS volume recovery beginning mid‑2026 (timing contingent on tariffs/CUSMA developments), a moderate step‑up in 2026 capital spending versus 2025 (2025 CapEx: ARS $4.5M, AMP $6.6M, total $11.1M) and an expected working‑capital build as new programs ramp (management anticipates some cash burn in 2026 versus the $37.3M free cash flow and $49.1M net cash from operations recorded in 2025). They plan to fund 2026 needs from cash on hand, operating cash flow and committed borrowing capacity (asset‑based revolver up to $125M with $25M accordion; $71.5M available and $24.3M drawn at year‑end), after materially delevering in 2025 (net debt $67.6M at 12/31/25 vs $98.9M at 12/31/24; net debt/TTM adjusted EBITDA 1.99x vs 4.51x). The guidance is informed by 2025 results—consolidated revenue +$23M to $410.2M (+6% YoY), Q4 sales $106M (+15.3% YoY), Q4 consolidated gross profit $19.9M (+30.4% YoY), AMP strength (Q4 sales $72.5M, +50.4%; Q4 gross profit $14.7M) offsetting ARS softness (Q4 ARS sales $45.8M, -3.3%; volume -3.5% with tolling -65% and non‑tolling -1.2%)—and by contingency plans already implemented to mitigate tariff risk.Airboss of America Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
58
Neutral
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 417.38M | 387.02M | 426.02M | 477.15M | 586.86M |
| Gross Profit | 64.24M | 54.00M | 58.41M | 24.13M | 136.30M |
| EBITDA | 417.38M | 13.68M | -11.18M | -12.77M | 79.59M |
| Net Income | -8.77M | -20.39M | -41.75M | -31.89M | 46.70M |
Balance Sheet | |||||
| Total Assets | 276.46M | 309.53M | 356.66M | 440.77M | 443.26M |
| Cash, Cash Equivalents and Short-Term Investments | 7.98M | 6.49M | 28.99M | 18.55M | 7.13M |
| Total Debt | 83.61M | 117.43M | 131.34M | 143.69M | 80.61M |
| Total Liabilities | 160.94M | 183.52M | 207.80M | 243.77M | 208.12M |
| Stockholders Equity | 115.52M | 126.01M | 148.86M | 197.00M | 235.15M |
Cash Flow | |||||
| Free Cash Flow | 38.63M | -1.85M | 32.41M | -40.97M | -15.97M |
| Operating Cash Flow | 49.97M | 8.78M | 40.92M | -30.77M | 2.02M |
| Investing Cash Flow | -12.06M | -10.61M | -8.46M | -10.19M | -64.56M |
| Financing Cash Flow | -36.60M | -20.79M | -22.20M | 52.20M | -17.53M |
Airboss of America Technical Analysis
Positive
7.19
Price Trends
5.61
Positive
5.01
Positive
5.00
Positive
Market Momentum
0.35
Positive
78.79
Negative
83.79
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:BOS, the sentiment is Positive. The current price of 7.19 is above the 20-day moving average (MA) of 6.52, above the 50-day MA of 5.61, and above the 200-day MA of 5.00, indicating a bullish trend. The MACD of 0.35 indicates Positive momentum. The RSI at 78.79 is Negative, neither overbought nor oversold. The STOCH value of 83.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:BOS.
Airboss of America Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | C$2.95B | 22.34 | 26.65% | ― | 30.36% | 181.15% | |
64 Neutral | C$195.20M | -10.46 | -6.96% | 3.12% | 5.06% | 93.02% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$189.62M | -386.59 | -1.12% | ― | 30.76% | 52.23% | |
48 Neutral | C$898.54M | -46.51 | -1.58% | 2.55% | 8.04% | -195.66% | |
44 Neutral | C$242.61M | -3.44 | -414.40% | ― | 6.29% | -3.71% | |
42 Neutral | C$105.22M | -4.53 | -64.75% | ― | ― | 56.03% |
* Basic Materials Sector Average
TSE:BOS
Airboss of America
7.19
3.32
85.84%
TSE:ECO
EcoSynthetix
3.21
-1.22
-27.54%
TSE:NANO
Nano One Materials
0.88
0.23
35.38%
TSE:VNP
5N Plus
33.15
27.89
530.23%
TSE:NEO
Neo Performance Materials Inc
21.60
13.23
158.06%
TSE:GMG
Graphene Manufacturing Group Ltd
2.06
1.39
207.46%
Airboss of America Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
AirBoss of America Boosts Cash Flow and Cuts Debt Amid 2025 Turnaround
Positive
Mar 4, 2026
AirBoss of America reported a strong improvement in 2025 operating performance, with adjusted EBITDA rising to $33.99 million from $21.91 million and net sales climbing to $410.2 million, although the company still posted a net loss of $8.6 millio...
Executive/Board Changes
AirBoss of America Adds Veteran Investor Maxime Robillard to Board
Positive
Jan 26, 2026
AirBoss of America has appointed Maxime Robillard, a partner and senior analyst at Van Berkom Global Asset Management, to its Board of Directors, effective January 26, 2026. Robillard brings more than 15 years of buy-side investment experience in ...
Executive/Board Changes
AirBoss of America Announces Resignation of Director Jo-Anne O’Connor
Neutral
Jan 19, 2026
AirBoss of America announced that Jo-Anne O’Connor has resigned from its board of directors, effective January 16, 2026, citing other professional commitments. The company thanked O’Connor for her service, signaling a routine governanc...
Business Operations and StrategyExecutive/Board Changes
AirBoss of America Announces Resignation of Board Member Jo-Anne O’Connor
Neutral
Jan 19, 2026
AirBoss of America has announced that Jo-Anne O’Connor has resigned from its board of directors, effective January 16, 2026, citing other professional commitments, with the company thanking her for her service. The board change represents a ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.