Aebi Schmidt Q2 Net Sales Rise 9%, Swings to $10.5M Profit
AEBI sits 46% above its 52-week low of $8.91 on elevated volume (1.9× avg).
Summary
Aebi Schmidt delivered a strong Q2: net sales up 9% to $496.4M, net income swung to a $10.5M profit from a year-ago loss, and adjusted EBITDA rose 22% to $42.1M. Order intake jumped 16% and backlog expanded 20%, driven by Airport, Walk-in Van, Municipal, and Truck Body orders. Management confirmed full-year guidance of $1.95B-$2.15B in sales and $175M-$195M in adjusted EBITDA, with year-end leverage expected at 2.0x or slightly above. This follows the July investor day where the company raised synergy targets to $40M and outlined a 2030 plan for over $3B in revenue. The results validate the operational improvements and Shyft acquisition synergies, though the 10-Q also disclosed five material weaknesses in internal controls that render disclosure controls ineffective.
At the time of this announcement, AEBI was trading at $12.99 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1B. The 52-week trading range was $8.91 to $15.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.