Switzerland's Aebi Schmidt Q3 net sales rise 4.6%; narrows FY outlook
AEBI•Aebi Schmidt's third-quarter 2026 net sales rose 4.6% year over year to $493.11 million, and net income increased to $10.8 million. It narrowed 2026 net sales guidance to $1.95 billion-$2.00 billion and adjusted EBITDA guidance to $170 million-$180 million.
1. Quarterly results
Aebi Schmidt reported third-quarter 2026 net sales of $493.11 million, up 4.6% year over year, driven by Walk-In Vans. Net income rose to $10.8 million from the prior year.
2. Updated outlook
The company narrowed its 2026 net sales forecast to $1.95 billion-$2.00 billion from $1.95 billion-$2.15 billion, and adjusted EBITDA guidance to $170 million-$180 million from $175 million-$195 million. It now expects year-end leverage below 2.5x, revised from 2.0x or slightly above.
3. Demand and costs
Third-quarter order intake rose, led by North America, despite weaker demand from China and the Middle East due to geopolitical conflicts. Gross margin declined amid ongoing high inflation and delayed sales price increases; CEO Barend Fruithof said accelerated synergy realization and cost management supported profitability.
