financetom
Business
financetom
/
Business
/
AirBoss Fourth-Quarter Adjusted Loss Narrows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AirBoss Fourth-Quarter Adjusted Loss Narrows
Mar 5, 2025 2:59 PM

05:30 PM EST, 03/05/2025 (MT Newswires) -- AirBoss of America ( ABSSF ) on Wednesday after-trade said fourth-quarter adjusted loss narrowed.

The company, which operates through two segments, Manufactured Products and Rubber Solutions, said its adjusted loss narrowed to US$1.6 million, or US$0.10 per share, from US$2.8 million, or US$1.33, in the prior-year quarter.

Sales dipped slightly, to US$92 million, from US$92.7 million. AirBoss reported a 13% drop in the Rubber Solutions segment, to US$47.3 million. Net sales at Manufactured Products increased 9.4%, to US$48.2 million.

The company will pay a quarterly dividend of C$0.035 per share on April 15.

In its outlook, AirBoss said a significant portion of its products are manufactured in Canada are sold into the U.S. and are subject to the tariffs. The company is evaluating and executing contingency plans and reviewing all available options.

AirBoss shares closed up $0.16 to $3.92 on the Toronto Stock Exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved