AirBoss revenue and profit increase during the first quarter

AirBoss revenue and profit increase during the first quarter of 2021


Paul Reid
NEWMARKET, Ontario—AirBoss of America Corp. saw both revenue and profit increase during the first quarter of 2021.
The Newmarket-based maker of custom rubber compounds and finished rubber products had an adjusted profit of $6.32 million on revenue of $107.3 million. This compares with adjusted profit of $1.77 million on sales of $94.2 million during the first quarter of 2020.
"I'm pleased to report another strong quarter of growth driven by continued performance and production efficiency by AirBoss Defense Group as well as increased volumes and sales within our Rubber Solutions and Engineered Products segments," Chief Operating Officer Chris Bitsakakis said in a statement.

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