Canada's AirBoss Q2 revenue rises 9.4%
Canada's AirBoss Q2 revenue rises 9.4%
Overview
Canada rubber products and defense supplier's Q2 revenue rose 9.4% year-over-year
Adjusted EBITDA for Q2 2026 declined due to prior-year legal settlement
Company appointed Ryan Voegeli to board, replacing retiring director Robert McLeish
Outlook
Company expects continued volume volatility at Rubber Solutions segment through most of 2026
AirBoss says market conditions remain uncertain due to tariffs, inflation and geopolitical factors
Company aims to capitalize on defense opportunities with NATO and partner nations
Result Drivers
DEFENSE CONTRACTS - Ongoing deliveries under previously awarded defense contracts drove higher sales and improved margins in Manufactured Products
RUBBER MOLDED PRODUCTS - Improved volumes and margin in rubber molded products business contributed to profitability, supported by operational efficiencies
RUBBER SOLUTIONS VOLUME - Higher non-tolling volumes in Rubber Solutions segment drove sales growth, though margin gains were offset by unfavorable mix and market volatility
Company press release: ID:nGNX2D5dww
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $107.91 mln | $103.55 mln (2 Analysts) |
Q2 Adjusted EBITDA | Beat | $9.52 mln | $8.55 mln (2 Analysts) |
Q2 EBITDA |
| $9.52 mln |
|
Q2 Free Cash Flow |
| -$2.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the tires & rubber products peer group is "buy"
Wall Street's median 12-month price target for AirBoss of America Corp is C$8.50, about 22.4% above its August 4 closing price of C$6.95
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 three months ago
Reuters Recommended Reads
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Aug 5 - Goodyear Q2 sales beats estimates on Asia Pacific growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)