Savaria Corporation
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About the company
Founded in 1979 and headquartered in Laval, Canada, Savaria Corporation is a leading provider of innovative accessibility solutions for seniors and people with mobility impairments across Canada, the United States, Europe, and various international markets. The company's operations are divided into three core segments. The Accessibility division encompasses the design, manufacturing, distribution, and installation of a wide array of products such as stairlifts for both straight and curved configurations, vertical and inclined wheelchair platform lifts for commercial and private residences, and a selection of home and accessibility elevators.
- CEO
- Sebastien Bourassa
- IPO
- 2012
- Employees
- 2,589
- HQ
- Laval, QC, CA
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- Market Cap
- $1.49B
- P/E
- 23.20
- Fwd P/E
- 14.68
- PEG
- 0.39
- P/S
- 2.17
- P/B
- 2.98
- EV/EBITDA
- 11.79
- Div Yield
- 1.96%
- Gross Margin
- 39.15%
- Op Margin
- 13.64%
- Net Margin
- 9.27%
- ROE
- 13.41%
- ROIC
- 10.23%
Latest fiscal year · YoY change
- Revenue
- $912.78M+5.2%
- Gross Profit
- $320.96M-0.2%
- Op Income
- $109.90M
- Net Income
- $68.71M+41.6%
- EPS
- $0.96+41.2%
- OCF Growth
- +6.6%
- FCF Growth
- +15.5%
- 52W High
- $22.88
- 52W Low
- $14.52
- 50D MA
- $21.00
- 200D MA
- $19.08
- Beta
- 0.94
- RSI (14)
- 43
- Avg Volume
- 7.57K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Savaria delivered a strong Q1 with revenue, margins, earnings, and cash flow all improving, while management emphasized continued Savaria One savings, Europe momentum, and confidence in its 2030 growth plan.· May 7, 2026
- Revenue rose 7% to $235.5 million, with growth in both segments and all regions.
- Adjusted EBITDA margin improved to 20.4% from 18.5%, and gross margin rose to 38.9% from 37.8%.
- EPS increased to $0.31 from $0.17, while net earnings climbed 82% to $22.7 million.
- Net debt leverage fell to 0.92x and liquidity available under the credit facility was $324 million.
- Management said Q1 captured about $7 million of EBITDA improvement from Savaria One initiatives and reiterated 12% annual top-line growth and 20%+ EBITDA margins through 2030.
Savaria reported Q1 revenue of $235.5 million, up $15.3 million or 7% year over year, driven by 5.7% organic growth, 0.7% from Baxter and Western Direct store acquisitions, and 0.6% FX. Consolidated gross margin was 38.9% versus 37.8% in 2025; adjusted EBITDA was $48.1 million with a 20.4% margin versus 18.5% last year; net earnings were $22.7 million versus $12.5 million; and EPS was $0.31 versus $0.17. Cash flow from operating activities was $35.8 million, CapEx was $6 million (2.5% of sales), and the company disbursed $2.1 million for acquisitions. Forward, management reiterated its Investor Day plan for about 12% annual top-line growth over the next 5 years, reaching about $1.6 billion of revenue by 2030 while maintaining adjusted EBITDA margins of at least 20%.
Sébastien Bourassa struck a confident tone, saying the company has been consistently beating prior-year results and that Savaria One has created a strong path for the future. He highlighted growth priorities in North America home elevators and stairlifts, Europe cross-selling, Patient Care expansion, and the Greenville manufacturing expansion, which he said should be completed in Q4. He also framed M&A as a priority, noting the company’s low leverage and liquidity position, and reiterated the long-term target of 12% annual growth and margins over 20%.
Stephen Reitknecht emphasized that Q1 is usually Savaria’s weakest quarter, making the 20.4% adjusted EBITDA margin especially notable. He cited revenue of $235.5 million, gross margin of 38.9%, adjusted EBITDA of $48.1 million, finance costs of $3.1 million, net earnings of $22.7 million, and EPS of $0.31. On cash and capital allocation, he said operating cash flow was $35.8 million, CapEx was $6 million and should be slightly above 2.5% of sales for the year because of Greenville, and the company had $324 million of funds available under its credit facility with leverage at 0.92x.
Analysts focused on Accessibility demand in Canada and the U.S., Patient Care growth in the U.K., Europe’s strong rebound, margin sustainability, tariffs, and Greenville. Management attributed Canada strength partly to Western and home elevators, said U.K. Patient Care growth was helped by broader product selling and NHS contract listings, and explained that Europe’s rebound is being driven by dealer wins, better value proposition, and operational improvements. On margins and U.S. trends, management said incremental margins should remain strong though likely slow somewhat over time, U.S. softness was mostly FX noise, and backlog remains strong; on tariffs, they said finished goods are tariff-exempt and only minor spare-part noise remains manageable.
The call showed broad-based improvement: revenue up, margin expansion, earnings growth, and strong operating cash flow. Management repeatedly said Savaria One savings are still flowing through, Europe has turned positive, and the company has ample liquidity and low leverage to fund M&A and growth projects.
Management acknowledged that incremental margin expansion may slow versus the last two years, and that some acquisitions will dilute margins before being integrated. They also flagged continuing FX noise, small spare-part tariff exposure, and that newer products like Luma, Multilift, and the straight stairlift will take months to become material.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 82.8%
- Shares Outstanding
- 71.88M
- Float Shares
- 59.54M
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Generate SISXF report →Savaria Q2 Earnings Call Highlights
marketbeat.com · Aug 9
Savaria Declares Monthly Dividend
globenewswire.com · Jun 22
Savaria Declares Monthly Dividend
globenewswire.com · May 22
Savaria Announces the Voting Results for its Annual General Meeting of Shareholders
globenewswire.com · May 7
Savaria Improves Earnings per Share by 82% Over Q1 2025
globenewswire.com · May 6
Savaria Announces Date for First Quarter 2026 Financial Results
globenewswire.com · Apr 27
Savaria 2026 Investor Day Unveils 5-Year Targets Alongside Preliminary Q1-2026 Results
globenewswire.com · Apr 14
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marketbeat.com · Apr 10
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