Aebi Schmidt Holding AG Reports 79% Sales Growth to $496.4 Million in Latest Quarter

Aebi Schmidt Holding AG reported significant financial growth in its latest quarterly results, with total sales reaching $496.4 million for the three months ended June 30, 2026, a 79% increase from $277.7 million in the same period last year. For the first half of 2026, sales totaled $951.9 million, up 81% from $526.9 million in the prior year. The company attributed this growth primarily to the acquisition of The Shyft Group, which contributed $210.9 million in sales, alongside increases in new business and after-sales segments.

The company's gross profit for the second quarter was $97.3 million, reflecting a 71% increase compared to $56.8 million in the previous year. Operating income also saw a substantial rise, reaching $27.0 million, up 95% from $13.9 million. However, operating expenses increased significantly, driven by higher costs associated with the Shyft acquisition, including a 135% rise in amortization of purchased intangibles. Net income attributable to Aebi Schmidt was $10.5 million for the quarter, a notable recovery from a loss of $2.3 million in the same quarter of 2025.

In terms of operational metrics, Aebi Schmidt's total assets increased to $2.02 billion as of June 30, 2026, compared to $2.01 billion at the end of 2025. The company reported a total employee headcount of 2,500, reflecting its expansion efforts. The North America segment generated $356.3 million in sales, a 143.6% increase, while the Europe and ROW segment saw a modest 6.6% increase to $140.1 million. The company continues to focus on enhancing its product offerings and expanding its market share, particularly in North America.

Looking ahead, Aebi Schmidt expressed confidence in its ability to sustain growth, supported by its strategic acquisition of Shyft and ongoing investments in product development and market expansion. The company anticipates that its liquidity, bolstered by $109.7 million in cash and cash equivalents, will be sufficient to meet its operational needs and support future growth initiatives. However, management acknowledged the need to address material weaknesses in internal controls over financial reporting, which they are actively working to remediate.