The stock may re-rate on improved 2026 guidance and strong backlog conversion visibility, especially if walk-in-van and municipal demand sustain recovery. Monitor Q1 2026 execution given management's caution on seasonality and geopolitical risks.
Price Chart
Executive Summary
Aebi Schmidt reported strong Q4 and full-year 2025 results with 6% YoY revenue growth and 31% Adjusted EBITDA growth, driven by a record $1.21B backlog and improving margins. The company raised 2026 guidance to $1.95B–$2.15B in revenue and $175M–$195M in Adjusted EBITDA, signaling confidence in post-merger synergy realization and market recovery, particularly in North America.
Key Financial Metrics
Key Facts
- Q4 2025 Net Sales: $528M (+6% YoY), Full Year 2025 Net Sales: $1.907B (+2% YoY)
- Q4 2025 Adjusted EBITDA: $48.1M (+31% YoY), margin expanded 170 bps to 9.1%
- Full Year 2025 Adjusted EBITDA: $156.0M (+13% YoY)
- Order Backlog reached $1.212B, up 7% in Q4 and a multi-year high
- 2026 Guidance: Revenue $1.95B–$2.15B, Adjusted EBITDA $175M–$195M, leverage ≤2.0x by year-end
- Net Debt reduced to $437M (leverage 2.8x), down from $469M in Q3
Financial Impact
Revenue growth accelerating into 2026 with $200M midpoint guidance increase; EBITDA expected to grow 12–25% YoY. Record backlog supports sustained top-line expansion and margin improvement.
Risk Factors
- Guidance assumes recovery in walk-in-van orders continues; any reversal could impact revenue ramp
- Second-half 2026 performance is critical to hitting guidance, creating execution risk
- Synergy realization from Shyft merger remains key to margin expansion
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3258866 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 10w ago | Press Release | $13.69 | awaiting T+60 | — | $11.13 (−18.70%) |
Jul 13, 2026 15w ago | 8-K | $11.89 $11.32 | ▼ −4.79% | ▼ −8.79% | $11.13 (−6.39%) |
Jul 13, 2026 15w ago | Press Release | $11.89 $11.32 | ▼ −4.79% | ▼ −8.79% | $11.13 (−6.39%) |
May 26, 2026 21w ago | Insider Cluster | $12.78 $11.91 | ▼ −6.83% | ▼ −8.71% | $11.13 (−12.94%) |
May 21, 2026 22w ago | Press Release | $11.84 $12.40 | ▲ +4.77% | ▲ +0.47% | $11.13 (−5.96%) |
May 19, 2026 22w ago | Insider Cluster | $12.26 $12.71 | ▲ +3.67% | ▼ −1.33% | $11.13 (−9.22%) |
May 19, 2026 22w ago | Insider Cluster | $12.23 $12.71 | ▲ +3.88% | ▼ −1.12% | $11.13 (−9.03%) |
May 14, 2026 23w ago | 8-K | $11.13 $12.75 | ▲ +14.59% | ▲ +11.00% | $11.13 (+0.03%) |
Apr 10, 2026 28w ago | 8-K | $12.21 $11.40 | ▼ −6.63% | ▼ −15.56% | $11.13 (−8.85%) |
Apr 10, 2026 28w ago | DEFA14A | $12.21 $11.40 | ▼ −6.63% | ▼ −15.56% | $11.13 (−8.85%) |
US Market Status
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