AirBoss of America Second Quarter 2024 Earnings: Misses Expectations
AirBoss of America (TSE:BOS) Second Quarter 2024 Results
Key Financial Results
Revenue: US$95.4m (down 16% from 2Q 2023).
Net loss: US$9.57m (loss widened by 266% from 2Q 2023).
US$0.35 loss per share (further deteriorated from US$0.096 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AirBoss of America Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Canada.
Performance of the Canadian Chemicals industry.
The company's shares are down 5.9% from a week ago.
Valuation
It's possible that AirBoss of America could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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