Savaria Corp
TSX:SIS
Savaria Corp
Savaria Corp. engages in the provision of accessibility solutions for the physically challenged individuals. The company is headquartered in Laval, Quebec and currently employs 1,605 full-time employees. The company went IPO on 2001-04-20. Its segments include Accessibility, Patient Handling and Adapted Vehicles. The Accessibility segment includes designing, manufacturing, distributing and installing a wide portfolio of products, including stairlifts for both straight and curved stairs, vertical and inclined wheelchair platform lifts for both commercial and residential applications, commercial accessibility elevators and home elevators. The Patient Handling segment includes the manufacturing and distributing of a comprehensive line of therapeutic support surfaces and other pressure management products for the medical market, medical beds for the long-term care market. The Adapted Vehicles segment consists of converting, adapting and distributing vehicles for people with mobility challenges, for personal or commercial use.
Savaria Corp. engages in the provision of accessibility solutions for the physically challenged individuals. The company is headquartered in Laval, Quebec and currently employs 1,605 full-time employees. The company went IPO on 2001-04-20. Its segments include Accessibility, Patient Handling and Adapted Vehicles. The Accessibility segment includes designing, manufacturing, distributing and installing a wide portfolio of products, including stairlifts for both straight and curved stairs, vertical and inclined wheelchair platform lifts for both commercial and residential applications, commercial accessibility elevators and home elevators. The Patient Handling segment includes the manufacturing and distributing of a comprehensive line of therapeutic support surfaces and other pressure management products for the medical market, medical beds for the long-term care market. The Adapted Vehicles segment consists of converting, adapting and distributing vehicles for people with mobility challenges, for personal or commercial use.
Strong Margins: Savaria achieved record EBITDA margin of 21.2% in Q3, exceeding its 20% target for the second consecutive quarter, driven by operational improvements and pricing initiatives.
Gross Margin Peaks: Gross margin reached 39.2%, up 220 basis points year-over-year, marking the highest in company history.
Revenue Growth: Q3 revenue grew to $224.8 million, an increase of 5.2% from last year, with organic growth of 1.8% and positive currency and acquisition impacts.
Guidance Maintained: Annual revenue guidance remains unchanged at about $925 million, while EBITDA margin guidance was updated to slightly above 20%.
Solid Cash Flow & Deleveraging: Free cash flow improved significantly to $20.6 million, and the net debt-to-EBITDA ratio dropped to 1.19, providing flexibility for future acquisitions.
Outlook Focused on Growth: Management emphasized a shift from margin improvement to driving organic and acquisitive growth, with a new five-year plan being unveiled in April 2026.
