Brief: Airboss Provides Corporate Update And Preview Of Q2 2023 Results

Airboss of America

27/07/2023 22:17

July 27 (Reuters) - Airboss Of America Corp  BOS.TO :
    * AIRBOSS PROVIDES CORPORATE UPDATE AND PREVIEW OF Q2 2023
RESULTS
    * CHRIS BITSAKAKIS TO ASSUME NEW ROLE AS PRESIDENT AND
CO-CEO
    * GREN SCHOCH WILL CONTINUE IN ROLE OF CHAIRMAN AND WILL
SERVE
ALONGSIDE CHRIS AS CO-CHIEF EXECUTIVE OFFICER
    * SEES Q2 2023 REVENUES IN RANGE OF US$112.5 TO US$115.0
MILLION
    * SERIES OF COST-SAVING MEASURES WERE IMPLEMENTED ACROSS
ADG'S
OPERATIONS, INCLUDING A REDUCTION IN ITS WORKFORCE
    * SEES FOR Q2 2023 LOSS PER DILUTED SHARE OF US$0.08 TO
US$0.12
    * Q3 EARNINGS PER SHARE VIEW $0.09, REVENUE VIEW $115.2
MILLION --
REFINITIV IBES DATA
    * COST-SAVING MEASURES ARE EXPECTED TO RESULT IN
APPROXIMATELY
$5.0 MILLION IN ANNUAL COST REDUCTIONS ONCE FULLY IMPLEMENTED
    * CHANGES ARE INTENDED TO STREAMLINE BUSINESS SEGMENT'S
OPERATIONS

Source text for Eikon:  ID:nGNX1Vfgyf 
Further company coverage:  BOS.TO 

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