Aebi Schmidt Group reports continued growth in Net Sales and Profitability in a challenging market environment, updates full-year 2026 outlook
Key Highlights
- ➤Q3 net sales $493m, up 4.6% versus Q3 2025
- ➤Q3 adjusted EBITDA $44.2m, up 4.9%, with 9.0% margin
- ➤Order backlog $1.3b, up 16.4%, extending into 2027
- ➤Full-year sales guidance cut to $1.95b-$2.00b from $1.95b-$2.15b
- ➤Full-year adjusted EBITDA guidance cut to $170m-$180m from $175m-$195m
Expert Statements
Barend Fruithof, Chairman and Group CEO of Aebi Schmidt
“Aebi Schmidt delivered a solid performance navigating a challenging market environment marked by cost inflation, geopolitical uncertainty, and supply chain disruptions. We responded quickly by accelerating synergy realization and cost measures to deliver strong profitability, while advancing the transformation of the combined organization at a remarkable pace through an expanded leadership structure and an optimized operational footprint.”
Marco Portmann, Group CFO of Aebi Schmidt
“We remain focused on increasing profitability and driving sustainable gross margin improvement.”
Marco Portmann, Group CFO of Aebi Schmidt
“We accelerated operational improvements and maintained strict cost discipline to mitigate margin pressure in the short term, while executing sales pricing measures that will drive margin recovery in 2027.”
Marco Portmann, Group CFO of Aebi Schmidt
“Net Working Capital remained stable on a like-for-like basis despite continued growth, underscoring the strength of our operational execution and disciplined approach to working capital management.”
Marco Portmann, Group CFO of Aebi Schmidt
“In addition, leverage continued to improve and is expected to further improve towards year-end on the back of our usual seasonal strong fourth quarter cash flow.”
Barend Fruithof, Chairman and Group CEO of Aebi Schmidt
“We continue to grow our relative market position, supported by a very strong backlog, and we are compensating for temporarily reduced gross margins with strict cost management and accelerated measures,”
Barend Fruithof, Chairman and Group CEO of Aebi Schmidt
“Given the market headwinds and supply chain disruptions, we are updating our guidance for full year 2026.”
* Q3 2026 Order Intake of $528m, up 2.0% vs Q3 2025 and Order Backlog of $1.3b, expanding 16.4% vs Q3 2025 on the back of good demand particularly in Airport, Municipal and for Walk-In Van solutions * Net Sales of $493m in Q3 2026, up 4.6% vs Q3 2025, supported by very strong performance in Walk-In Vans * Gross Margin of 19.2% in Q3 2026, down 80bps vs Q3 2025 due to ongoing high inflationary pressure * Adjusted EBITDA(1) of $44.2m in Q3 2026, up 4.9% vs Q3 2025, representing an unchanged 9.0% of Net Sales, overcoming gross margin performance with accelerated synergy realization and cost management * Net Income substantially improved to $10.8m in Q3 2026, up $9.6m vs Q3 2025 * Aebi Schmidt Group updates full-year 2026 guidance(2) to Net Sales of $1.95b to $2.00b, Adjusted EBITDA(1) of $170m to $180m and leverage at year-end of <2.5x * Recently announced planned acquisition of O.J. Watson Company Inc, a municipal and commercial upfitter based in Denver, Colorado, generating around $28m in Net Sales in its last fiscal year, and giving Aebi Schmidt direct presence in the Rocky Mountains FRAUENFELD, Switzerland, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Aebi Schmidt Group (NASDAQ: AEBI) (“Aebi Schmidt”, the “Group”, or the “Company”), a world-class specialty vehicles leader, reports continued growth in Net Sales and Profitability, navigating a challenging market environment.
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