Aebi Schmidt Group (NASDAQ:AEBI) reported a sharp increase in demand to close out 2025, driven by a 46% year-over-year surge in fourth-quarter order intake.
The specialty vehicle manufacturer reached a record order backlog of $1.21 billion, a figure the company expects to convert into revenue within the next 15 months.
The results cap a transformative year for the group following its 2025 merger with The Shyft Group and subsequent Nasdaq listing.
Fourth-quarter net sales rose 6% to $528 million compared to the same period in 2024.
Building on this momentum, Aebi Schmidt issued 2026 guidance forecasting net sales between $1.95 billion and $2.15 billion, with adjusted EBITDA projected in the range of $175 million to $195 million.
The company also remains focused on strengthening its balance sheet, targeting a leverage ratio below 2x by the end of 2026.
This fiscal discipline coincides with a significant overhaul of the company’s governance.
The Board of Directors intends to nominate current CEO Barend Fruithof to the additional role of Chairman, while several long-standing directors are prepared to step down at the conclusion of their current terms.