AirBoss of America (BOS) Investor presentation summary

Business overview and strategy

• Develops, manufactures, and markets proprietary rubber-based products for automotive, industrial, construction, oil & gas, and defense sectors.

• Operates through Rubber Solutions and Manufactured Products segments, leveraging synergies for revenue growth and margin improvement.

• Focuses on innovation, efficiency, and expanding into non-automotive sectors, especially defense and off-highway OEMs.

• Pursues organic and inorganic growth, including strategic acquisitions and cross-selling opportunities.

• Geographically positioned to win U.S. government contracts and ramp up domestic production.

Financial performance

• Q1 2026 net sales increased 1% year-over-year, driven by higher sales from Manufactured Products, partially offset by lower Rubber Solutions volumes.

• Adjusted EBITDA rose 14% in Q1 2026 due to improvements in Manufactured Products.

• Full-year 2025 adjusted EBITDA increased 55% over 2024, reflecting strong defense and molded rubber product sales and lower inventory write-downs.

• Returned to positive adjusted profit in 2025, with improved operating performance despite softness in Rubber Solutions.

• Maintains a consistent growth trajectory, returning to normalized growth rates post-pandemic.

Segment highlights

• Rubber Solutions: Second largest custom compounder in North America, with $205M net sales and $27M gross profit in 2025.

• Manufactured Products: $239M net sales and $44M gross profit in 2025, with 500+ finished products distributed in 60+ countries.

• Q1 2026: Rubber Solutions net sales down 6% year-over-year; Manufactured Products net sales up 17% due to defense contract deliveries and improved molded rubber sales.

• Defense products include CBRN protection, PPE, and blast monitoring solutions for military and law enforcement.