Aebi Schmidt reports Q2 2026 sales, profit growth
Aebi Schmidt Holding said second-quarter 2026 order intake rose 16%, backlog 20% and net sales 9% year over year, while adjusted EBITDA grew 22% and net income increased by $18 million.
On Thursday, Aebi Schmidt Holding (NASDAQ: AEBI ) discussed second-quarter financial results during its earnings call.
The full transcript is provided below.
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View the webcast at Summary Aebi Schmidt Holding reported strong financial performance in Q2 2026, with a 16% increase in order intake, 20% growth in order backlog, and a 9% rise in net sales year-over-year.
Profitability improved significantly with adjusted EBITDA growing by 22% and net income increasing by $18 million compared to the previous year.
The company highlighted strategic achievements, including the successful integration of the Shyft Group acquisition and the release of an updated Group Strategy 2030.
Notable operational highlights include securing a $96 million contract in North America, record service body production at Royal, and the launch of the new Aebi Terratrac in Europe.
Future guidance remains positive, with expectations of continued profitability improvements and confirmation of full-year 2026 sales and EBITDA targets, despite external challenges like geopolitical uncertainties and supply chain disruptions.
Full Transcript OPERATOR (Operator) Good day and thank you for standing by.
Welcome to the Aebi Schmidt Holding second quarter 2026 earnings call.
At this time all participants are in a listen-only mode.
After the speaker's presentation, there will be a question-and-answer session.
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Please be advised that today's conference is being recorded.
I would now like to turn the conference over to your first speaker today, Simone Grantini, Investor Relations Director.
Please go ahead.
Simone Grantini, Investor Relations Director Thank you.
Good morning and welcome to the Aebi Schmidt Holding second quarter 2026 earnings call.
Joining me on the call today are Barend Frojtoff, Chairman and Group CEO, who will provide the highlights of the second quarter, an outlook and concluding remarks; Stefan Sheverde, CEO of North America, and Henning Schroeder, CEO of Europe and Rest of World, who will detail the performance in their respective segments; and Marco Borgman, Group CFO, who will provide a financial overview.
Today's comments include forward-looking statements subject to the safe harbor language contained in this morning's press release and Aebi Schmidt Holding's filings with the SEC.
And as a reminder, all 2025 comparative figures referenced in today's material, like all figures prior to the July 1, 2025 acquisition, are presented on a combined basis for Aebi Schmidt Holding and the acquired Shyft Group.
Accordingly, all year-over-year comparisons are based on combined 2025 financial information of both companies rather than standalone historical results.
And with that, I hand the call over to Barend.
Barend Frojtoff, Chairman and Group CEO Good morning, everyone.
Our second quarter 2026 results are another substantial step forward with significantly improved profitability.
As shown on Slide 5, order intake increased by 16%, order backlog grew 20% and net sales rose by 9% compared with the second quarter of 2025.
Most importantly, we delivered a substantial improvement in profitability.
Adjusted EBITDA grew by 22% and net income increased by $18 million year over year.
In other words, profitability increased over-proportionally compared to sales, reflecting production ramp-ups and other operational efficiency, the accelerated realization of acquisition synergies and strict cost control.
On Slide 6, I would like to briefly summarize some of our key achievements.
First of all, we have now passed the first anniversary of the Shyft acquisition and we are very proud of what we have accomplished over those last 12 months.
In connection with the anniversary, we released our updated Group Strategy 2030, setting out a clear roadmap towards our ambition of becoming the global leader in specialty vehicles.
On the top line, we continued to build momentum across all major business lines and in the second quarter, including securing important orders in North America.