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Aebi Schmidt Group Provides Post-Merger Update Ahead of August Earnings Call

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Aebi Schmidt Group on July 14 released an investor update following its completed merger with The Shyft Group, outlining post-merger performance, financial positioning, and details of its upcoming second-quarter earnings call scheduled for August 14.

The specialty vehicles manufacturer, now trading under the symbol “AEBI,” finalized its merger with The Shyft Group, with The Shyft Group ceasing trading on June 30 at $12.54 per share. 

The merger involved a share exchange ratio of approximately 1.04, resulting in an implied Aebi Schmidt share price of $12.06.

Following the first day of regular trading on July 2, Aebi Schmidt closed at $11.18. 

As of July 11, the stock settled at $11.07 after several days of post-merger activity on the NASDAQ exchange.

According to a press release, CEO Barend Fruithof said the integration process is progressing as planned. “The team is well on track to deliver the targeted synergies of $25 to $30 million and strong operating results despite the dynamic operating environment, including the impact of tariffs,” Fruithof said.

The company will also report results in two regional segments: North America, led by Steffen Schewerda, and Europe and Rest of World, led by Henning Schröder. 

Fruithof emphasized the value of Aebi Schmidt’s dual-continent manufacturing base, which enhances the company’s ability to navigate shifting global trade conditions.

On a pro forma, unaudited basis, Aebi Schmidt reported net debt of $503 million as of June 30. The company said it intends to maintain a “prudent and flexible capital structure,” with deleveraging targeted over the next 12 to 18 months.

The combined company has a fully diluted share count of 78.2 million and is supported by what it called “strong anchor shareholders.” Equity totaled more than $700 million as of the merger’s closing, representing an equity ratio of approximately 40 percent.

Fruithof said the company’s leadership remains committed to delivering operational performance. “The leadership team is laser focused on executing to deliver on its commitments,” he said.

The earnings call for the second quarter of fiscal 2025 is scheduled for Thursday, August 14, at 8:30 a.m. Eastern Time. 

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Hi, you might find this article from Modern Campground interesting: Aebi Schmidt Group Provides Post-Merger Update Ahead of August Earnings Call! This is the link: https://moderncampground.com/aebi-schmidt-group-provides-post-merger-update-ahead-of-august-earnings-call/