The Globe and Mail reports in its Thursday edition that National Bank analyst Ahmed Abdullah expects Airboss of America to exhibit sequential revenue and earnings gains after a difficult end to the last fiscal year when it reports its first quarter results on May 8. The Globe's David Leeder writes that Mr. Abdullah gave his share target a 25-cent boost to $6.25. Analysts on average target the shares at $6.47. Mr. Abdullah says in a note: "[Airboss Rubber Solutions] saw a significant pullback in orders toward the end of Q4 as customers focused on destocking. ... Since then, February & March orders saw sequential improvements. We still expect 1Q ARS revs to be down 10 per cent year-over-year but a 10-per-cent quarter-over-quarter improvement. ... On March 27, Airboss announced that it amended its senior secured revolving credit facilities, which included a downsizing of the facility, a dividend cut and capex limits in 2024/2025. With this amendment, the company also replaced its covenant ratios in 2024 with minimum adj. EBITDA and liquidity requirements. Per the amended agreement, consolidated adj. EBITDA needs to be higher than $3.9-million in Q1, $5.6-million in Q2, $7.6-million in Q3 and $6.9-million in Q4."