AirBoss Announces 2nd Quarter Results and Continued Strength in Its Opportunity Pipeline
Gross profit as a percentage of net sales decreased to 18.2% for 2022 year-to-date compared with 26.2% for 2021 year-to-date.
- Gross profit as a percentage of net sales decreased to 18.2% for 2022 year-to-date compared with 26.2% for 2021 year-to-date.
- In both cases, the decreases were primarily the result of delivery of PAPRs and nitrile gloves to HHS in 2021.
- Gross profit at AirBoss Defense Group decreased by 61.2% to $9,754 for the quarter and by 18.7% to $37,425 year-to-date, from the comparable periods in 2021.
- Despite these evolving global challenges, AirBoss continues to focus on opportunities in AirBoss Defense Groups (ADG) opportunity pipeline, with strong traction for the quarter in at AirBoss Rubber Solutions (ARS) and continued diligent work to address the related impacts to AirBoss Engineered Products (AEP).