Aebi Schmidt Holding AG (NASDAQ:AEBI) reported third-quarter 2026 revenue of $493 million, representing a 4.6% increase from $471 million in the corresponding period of 2025, although adjusted earnings per share fell below analyst expectations and the company reduced its full-year adjusted EBITDA guidance.
The specialty vehicle manufacturer recorded adjusted earnings of $0.02 per share, compared with the analyst consensus estimate of $0.23.
Shares declined 6.2% in premarket trading on Wednesday following the announcement.
The company’s revenue of $493 million was also below the reported analyst consensus estimate of $520.85 million, despite the original announcement describing the result as exceeding expectations.
Aebi Schmidt updated its full-year revenue outlook to between $1.95 billion and $2.00 billion and lowered its adjusted EBITDA forecast to between $170 million and $180 million.
Aebi Schmidt reported third-quarter net sales of $493 million, compared with $471 million in the same period of the previous year.
The increase of approximately $22 million reflected growth in the company’s North American operations, partially offset by lower sales in Europe and other international markets.
The company reported higher demand in selected municipal equipment activities and walk-in van solutions.
However, sales in other regions were affected by geopolitical developments, supply chain disruptions and changes in customer demand.
The reported quarterly revenue was approximately $27.85 million below the stated analyst consensus estimate of $520.85 million.
The company also reported adjusted earnings per share of $0.02, representing a shortfall of $0.21 compared with market expectations.
Aebi Schmidt generated adjusted EBITDA of $44.2 million during the third quarter, representing an increase of 4.9% compared with the corresponding period of 2025.
Adjusted EBITDA accounted for approximately 9.0% of net sales.
Despite the increase in adjusted EBITDA, the company’s gross margin declined to 19.2%, compared with 20.0% a year earlier.
The reduction of 80 basis points reflected continued inflationary pressure on operating costs.
Management reported that cost-reduction measures and the acceleration of acquisition-related synergies contributed to profitability during the period.
The company’s financial performance therefore reflected higher adjusted EBITDA alongside a lower gross profit margin.
Aebi Schmidt reported third-quarter net income of $10.8 million, compared with $1.2 million in the corresponding period of 2025.
The increase of $9.6 million represented an improvement in reported profitability.
The company also recorded adjusted earnings of $0.02 per share, below the analyst consensus estimate of $0.23.
The difference between reported net income and adjusted earnings reflects the company’s presentation of statutory and adjusted financial measures.
Aebi Schmidt did not provide a detailed reconciliation of those measures in the supplied announcement.
The improvement in net income occurred alongside higher revenue and adjusted EBITDA, although gross margins remained affected by cost inflation.
Aebi Schmidt reported a 7.9% year-over-year increase in net sales from its North American operations.
The growth was supported by improved activity in municipal equipment operations and higher sales of walk-in van solutions.
These businesses contributed to the company’s overall revenue increase during the quarter.
The North American performance contrasted with developments in Europe and other international markets, where sales declined.
Management identified the contribution from municipal operations and walk-in van solutions as factors supporting regional revenue growth.
Net sales in Europe and the rest of the world decreased 3.6% compared with the third quarter of 2025.
The company attributed the decline partly to reduced demand from China and the Middle East.
Geopolitical conflicts and supply chain disruptions also affected business activity in these markets.
The regional decline partially offset the growth recorded in North America.
Aebi Schmidt’s quarterly results therefore reflected different demand conditions across its geographic operations.
The company did not provide additional regional revenue figures in the supplied announcement.
Aebi Schmidt Chairman and Group Chief Executive Officer Barend Fruithof said the company continued to operate amid inflationary pressures and disruptions affecting international markets.
“Aebi Schmidt delivered a solid performance navigating a challenging market environment marked by cost inflation, geopolitical uncertainty, and supply chain disruptions,” Fruithof said.
“We responded quickly by accelerating synergy realization and cost measures to deliver strong profitability.”
The comments followed the company’s reported increase in adjusted EBITDA and net income.
Management identified cost measures and accelerated synergies as responses to the operating environment.
These initiatives were implemented alongside the company’s activities across municipal equipment, airport-related products and specialty vehicles.
Aebi Schmidt updated its full-year 2026 revenue guidance to a range of $1.95 billion to $2.00 billion.
The midpoint of $1.975 billion is approximately $85 million below the analyst consensus estimate of $2.06 billion.
The company also reduced its adjusted EBITDA guidance to between $170 million and $180 million.
The previous adjusted EBITDA forecast had been between $175 million and $195 million.
The revised range represents a reduction of $10 million at the midpoint, from $185 million to $175 million.
The updated outlook reflects management’s expectations for the remainder of 2026 amid inflationary pressures and differing demand conditions across its markets.
The guidance remains subject to future operating performance and market developments.
Aebi Schmidt reported an order backlog of approximately $1.3 billion as of September 30, 2026.
The figure represented an increase of 16.4% compared with the corresponding period of the previous year.
The company attributed the increase primarily to activity in its airport and municipal equipment segments.
The backlog reflects contracted orders that have not yet been fulfilled and provides information about future business activity.
However, the timing of revenue recognition will depend on production schedules, customer requirements and the delivery of equipment.
The increase in backlog occurred despite the decline in sales across Europe and other international markets during the third quarter.
Aebi Schmidt shares fell 6.2% in premarket trading after the company reported adjusted earnings below analyst expectations and reduced its full-year adjusted EBITDA forecast.
The quarterly results showed a 4.6% increase in revenue, a 4.9% rise in adjusted EBITDA and higher net income.
North American sales growth contributed to the overall revenue increase, while weaker demand in China and the Middle East affected international operations.
The company also reported a 16.4% increase in its order backlog to $1.3 billion, supported by airport and municipal equipment demand.
Aebi Schmidt’s revised financial outlook indicates lower expected adjusted EBITDA for 2026 than previously forecast.
The company’s performance during the remainder of the year will determine its progress towards the updated revenue and profitability targets.
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