AirBoss Announces Positive Outlook for 2021 Fueled by Strong Organic Sales

NEWMARKET, Ontario, March 16, 2021 (GLOBE NEWSWIRE) — AirBoss of America Corp. (TSX: BOS) (the “Company” or “AirBoss”) today announced updated outlook for 2021. ($US except where otherwise noted)

“For the full year 2021, we are projecting another record year with organic sales and Adjusted EPS growing at approximately 25% or higher,” said Chris Bitsakakis, President and COO of AirBoss. “Our updated outlook reflects the initial $288 million portion of our contract to supply HHS with nitrile rubber gloves, announced earlier today. There remains potential upside for us to significantly raise our current outlook for 2021 if HHS exercises its option to order an additional $288 million of gloves, or if we are successful in obtaining other significant contracts from the $175M in additional opportunities which we are also pursuing.

“In parallel, as we continue to execute on organic growth and capture market share, we are also assessing both tuck in and transformational acquisitions to leverage our strong balance sheet and accelerate our growth strategy.”

Source: Globe Newswire