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Aebi Schmidt's sales grew by 4.6% last quarter, but it cut its full-year forecast due to supply issues.

ResultsRead the original at globenewswire.com
Bad for AEBI

Aebi Schmidt cut full-year forecasts to $1.95–$2.00 billion in sales and $170–$180 million in adjusted EBITDA. Q3 sales rose 4.6%, adjusted EBITDA rose 4.9%, and backlog grew 16.4%, but those gains do not outweigh the cuts.

AEBI · Aebi Schmidt Group

AI read · Bad for AEBI

The AI's read

Supply delays, production problems, and rising costs are already limiting the company. The latest quarter still showed growth in sales, adjusted EBITDA, and backlog, but those gains did not stop cuts to both full-year forecasts. Faster savings and tight cost control are the company's response, but the story reports no results from those steps yet.

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