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FRAUENFELD, Switzerland - Aebi Schmidt Group (NASDAQ:AEBI) has commenced trading on the Nasdaq following the completion of its merger with The Shyft Group on July 1, 2025, the specialty vehicles manufacturer announced in a press release.
The company began regular trading under the ticker symbol "AEBI" on July 2, closing at $11.18. By July 11, the share price settled at $11.07. The Shyft Group’s final trading day was June 30, with shares closing at $12.54. The merger involved a share exchange ratio of approximately 1.04.
Following the combination, Aebi Schmidt will operate under two segments: North America, led by Steffen Schewerda, and Europe and Rest of World, led by Henning Schröder. The company reported an unaudited proforma net debt of $503 million as of June 30, with plans to deleverage over the next 12-18 months.
"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," said CEO Barend Fruithof in the statement.
The company’s balance sheet shows equity exceeding $700 million, representing an equity ratio of approximately 40% at the merger’s closing. Aebi Schmidt has a fully diluted share count of 78.2 million.
The specialty vehicles manufacturer has scheduled its second quarter 2025 earnings conference call for August 14, to be led by Fruithof and CFO Marco Portmann.
The combined entity employs over 6,000 people and generated proforma net sales of $1.9 billion in 2024, according to the company statement.
In other recent news, Aebi Schmidt Group has begun trading on the Nasdaq following the completion of its merger with The Shyft Group. The merger, finalized on July 1, 2025, introduces Aebi Schmidt to the market under the ticker "AEBI." The company will report financial results in two segments: North America and Europe and Rest of World. This structure is intended to provide resilience against trade barriers. On an unaudited proforma basis, Aebi Schmidt reported net debt of $503 million as of June 30, with equity exceeding $700 million, resulting in an equity ratio of about 40%. The merger aims to deliver targeted synergies of $25 to $30 million, despite challenges such as tariffs. The company has scheduled its second quarter 2025 earnings conference call for August 14. Aebi Schmidt reported proforma net sales of $1.9 billion in 2024 and employs over 6,000 people across Europe and North America.
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