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AirBoss of America (TSX:BOS) Retained Earnings : C$66.4 Mil (As of Mar. 2024)


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What is AirBoss of America Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AirBoss of America's retained earnings for the quarter that ended in Mar. 2024 was C$66.4 Mil.

AirBoss of America's quarterly retained earnings declined from Sep. 2023 (C$125.5 Mil) to Dec. 2023 (C$74.3 Mil) and declined from Dec. 2023 (C$74.3 Mil) to Mar. 2024 (C$66.4 Mil).

AirBoss of America's annual retained earnings declined from Dec. 2021 (C$185.2 Mil) to Dec. 2022 (C$142.1 Mil) and declined from Dec. 2022 (C$142.1 Mil) to Dec. 2023 (C$74.3 Mil).


AirBoss of America Retained Earnings Historical Data

The historical data trend for AirBoss of America's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AirBoss of America Retained Earnings Chart

AirBoss of America Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 112.12 135.71 185.19 142.08 74.31

AirBoss of America Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 142.36 132.03 125.49 74.31 66.42

AirBoss of America Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


AirBoss of America  (TSX:BOS) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


AirBoss of America (TSX:BOS) Business Description

Traded in Other Exchanges
Address
16441 Yonge Street, Newmarket, ON, CAN, L3X 2G8
AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive and industrial markets. It operates in three segments, 1) The Rubber Solutions segment includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals. 2) The Engineered Products segment includes the manufacture and distribution of anti-noise, vibration, and harshness dampening parts. 3) The AirBoss Defense Group is engaged in the manufacturing and distributing of personal protection and safety products and the manufacture of semi-finished rubber-related products. The Company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets.
Executives
Matthew Boccia Senior Officer

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