Aebi Schmidt's Q1 Revenue Beats by $8.2M; Backlog Jumps 23% to $1.3B
Aebi Schmidt posted Q1 revenue of $455.6 million, exceeding analyst forecasts by $8.2 million, with adjusted EBITDA up 6% to $33.1 million (7.3% margin). Order intake rose 9% year-on-year, boosting backlog 23% to $1.3 billion, while reaffirming full-year revenue guidance of $1.95–2.15 billion and adjusted EBITDA target of $175–195 million.
1. Strong Q1 Revenue and Profitability
Aebi Schmidt reported Q1 revenue of $455.6 million, beating the $447.4 million consensus, while net income rose 7% to $0.7 million. Adjusted EBITDA climbed 6% to $33.1 million, lifting margins by 40 basis points to 7.3% as European operations saw a 201% profitability surge.
2. Order Intake and Backlog Growth
The company saw order intake increase 9% year-on-year, driving the order backlog up 23% to $1.3 billion at March 31. Europe and Rest of World delivered 16% organic sales growth, while North America adjusted EBITDA fell 9% to $26.4 million on higher Walk-in-Vans ramp-up costs.
3. Guidance and Balance Sheet Update
Management reaffirmed full-year revenue guidance of $1.95 to $2.15 billion and adjusted EBITDA forecast of $175 to $195 million, targeting leverage at or below 2.0x. Net debt increased by $18 million to $455 million, reflecting seasonal inventory investments.