Earnings Releases·Nov 12, 2026, 7:00 AM ET

Aebi Schmidt Group — Q3 2026 Earnings Summary

Q3 2026 Net Sales rose 4.6% YoY to $493 million, while Adjusted EBITDA increased 4.9% YoY to $44.2 million (9.0% margin); however, Gross Margin declined 80 bps to 19.2% due to inflationary pressure and delayed price increases.
Full-year 2026 guidance was lowered for Net Sales ($1.95–$2.00 billion vs. previously $1.95–$2.15 billion) and Adjusted EBITDA ($170–$180 million vs. previously $175–$195 million), though leverage guidance was tightened to <2.5x from the prior 2.0x+ target.
Strategic momentum remains strong with Order Backlog up 16.4% YoY to $1.3 billion and Net Debt reduced by $22 million to $446 million, alongside the announced acquisition of O.J. Watson Company Inc. to expand Rocky Mountain presence.
Geographic performance diverged with North America Net Sales growing 7.9% and Adjusted EBITDA up 8.4%, while Europe and RoW sales fell 3.6% amid geopolitical headwinds and supply chain disruptions in China and the Middle East.