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          PRNewsWire
          2 months ago
         
        
          Aebi Schmidt Group building momentum after merging with The Shyft Group; Strong order backlog, additional synergy upside and commitment to delever
        
        
          Successful completion of merger of Aebi Schmidt and Shyft on July 1, 2025 created global specialty vehicle leader with size and scale to drive significant growth opportunities; combined Company includes two reporting segments, North America and Europe / Rest of World. Resilient to trade tariffs with dedicated "local for local" production strategy Merger integration progressing very well, confirming delivery of synergies of at least $25 to $30 million, with additional significant upside identified Strong order backlog of $1.1 billion as of June 30, 2025, securing expected ramp-up in second half of year; solid North America customer quoting activity with parcel and commercial truck fleet customers; strong sales momentum in Europe and Rest of World with significant airport and municipal deal wins Targeting substantial deleveraging until year-end 2026, to maintain flexibility for opportunistic tuck-in acquisitions; commitment to competitive quarterly dividend FRAUENFELD, Switzerland, Aug. 14, 2025 /PRNewswire/ -- Aebi Schmidt Group (NASDAQ: AEBI) ("Aebi Schmidt" or the "Company"), a world-class specialty vehicles leader, reported operating results for the second quarter ended June 30, 2025.