AirBoss of America (BOS) Q3 2026 earnings summary

Executive summary

• Q3 net sales declined 1.7% to $98.7M; profit was $1.5M versus a $2.9M loss, while adjusted EBITDA rose to $8.1M from $7.3M.

• Higher ARS volumes and margins partly offset lower AMP defense sales after prior contract deliveries were completed.

Financial highlights

• Gross profit rose $0.6M to $17.0M; operating cash used was $1.7M versus $8.7M provided in Q3 2025.

• Q3 adjusted EBITDA increased to $8.1M from $7.3M; 9M adjusted EBITDA was $26.7M versus $22.7M.

• Q3 free cash flow was negative $3.5M; 9M operating cash flow was $1.4M and free cash flow was negative $5.9M.

• 9M revenue increased 2.7% to $312.4M; profit was $6.1M versus a $1.0M loss.

Outlook and guidance

• ARS year-over-year volume growth is expected into Q4 and Q1 2027 as approved products launch; results remain exposed to economic and geopolitical conditions.

• Defense orders valued up to $16.9M are expected to ship in late 2026 and early 2027, subject to shipment timing and approvals.

• New rubber-molded product awards could generate up to $100M in sales over five years.

• Some Q4 cash burn is expected, with operating cash projected to return to positive territory toward year-end and in Q1-Q2 2027; margins are expected to remain fairly consistent.