secwatch.observer — SEC 8-K summary
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Issuer:     Aebi Schmidt Holding AG (AEBI)
CIK:        0002048519
Form:       8-K
Filed at:   2026-05-14T11:00:21+00:00
Accession:  0001171843-26-003396
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aebi Schmidt Q1 order intake +9%, backlog $1.3B (+23%), adj. EBITDA +6%, confirms FY guidance
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- Order intake +9% vs Q1 2025; order backlog $1.3B (+23%) gives visibility into significant 2026 growth.
- Net sales $456M, flat YoY but +7% excluding $26.3M Blue Arc sales; adj. EBITDA $33.1M (+6%, margin 7.3% up 40bps).
- Europe/RoW adj. EBITDA tripled to $6.8M on pricing/volume; North America adj. EBITDA -9% to $26.4M on Walk-in-Vans ramp-up.
- Full-year 2026 guidance reaffirmed: sales $1.95-$2.15B, adj. EBITDA $175-$195M, leverage target ≤2.0x by year-end.
- Net debt $455M, leverage 2.88x; net working capital $449M, down $4M YoY despite expected sales ramp.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/0001171843-26-003396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2048519/000117184326003396/f8k_051326.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-003396

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer