AirBoss Reports Third Quarter 2023 Results
Net sales at ADG for Q3 2023 decreased by 10.0% to $21,193, from $23,553 in Q3 2022 and by 33.1% to $75,839 for 2023 year-to-date, from $113,354 for 2022 year-to-date.
- Net sales at ADG for Q3 2023 decreased by 10.0% to $21,193, from $23,553 in Q3 2022 and by 33.1% to $75,839 for 2023 year-to-date, from $113,354 for 2022 year-to-date.
- Gross profit at ADG for Q3 2023 increased to 2,563, from $(51,299) in Q3 2022 and to $15,541 for 2023 year-to-date, from $(13,874) for 2022 year-to-date.
- Net sales at AirBoss Rubber Solutions (“ARS”) for Q3 2023 decreased by 12.9% to $50,967, from $58,484 in Q3 2022 and decreased by 8.1% to $163,907 for 2023 year-to-date, from $178,371 for 2022 year-to-date.
- Tolling volume was down 5.9% for the quarter and 59.1% year-to-date, while non-tolling volume was down 9.5% for the quarter and 9.2% year-to-date.