LAVAL, Quebec, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) one of the global leaders in the accessibility industry, announces it will release its financial results for the fourth quarter of 2025 after market closes on March 4, 2026. Savaria’s management will hold an investor conference call and webcast at 8:30 a.m. Eastern Standard Time (EST) on Thursday, March 5, 2026. Investors and members of the media are invited to participate on a listen-only basis. Conference call acce ...

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Core Insights - Savaria Corporation has completed the acquisition of substantially all assets of Baxter Residential Elevators, LLC, enhancing its position in the accessibility industry [1][3] Group 1: Acquisition Details - Baxter Residential Elevators (BRE) generated approximately US$4 million (C$5.5 million) in revenue in 2025 and has strong relationships with homebuilders in North Texas, particularly in the luxury residential segment [2] - The acquisition provides Savaria with a direct presence in the Dallas metropolitan area, a strategically important market due to Texas's rapid growth in residential and commercial construction [3] Group 2: Leadership and Future Plans - Richard D ("RD") Baxter, the founder of BRE, will continue to lead the business as a division of Savaria, ensuring continuity for customers and employees [4] - Both RD Baxter and Alexandre Bourassa, President of Accessibility North America, expressed optimism about the partnership and its potential for growth in the home elevator market in Texas [5][6] Group 3: Company Overview - Savaria Corporation is a global leader in the accessibility industry, providing a comprehensive range of accessibility solutions, including stairlifts, wheelchair lifts, and medical equipment [7] - The company operates a sales network of dealers worldwide and employs approximately 2,500 people across various locations, including North America, Europe, Australia, and China [7]

Core Insights - Savaria Corporation, a global leader in the accessibility industry, is hosting an Investor Day on April 14, 2026, in the Greater Toronto Area, featuring management presentations and a tour of its manufacturing facility in Brampton [1] Company Overview - Savaria Corporation specializes in providing accessibility solutions for the physically challenged, enhancing comfort, mobility, and independence [3] - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, elevators, medical beds, and pressure management products [3] - Savaria operates a global sales network with approximately 2,500 employees and manufacturing plants in Canada, the United States, Mexico, Europe, and China [3]

Core Insights - Savaria Corporation reported strong financial results for Q3 2025, with significant increases in revenue, gross profit, and net earnings compared to Q3 2024, indicating robust growth in the accessibility industry [2][3][8]. Financial Performance - Revenue for Q3 2025 was $224.8 million, an increase of $11.1 million or 5.2% from Q3 2024 [8][9]. - Gross profit reached $88.1 million, up $9.0 million or 11.4%, representing 39.2% of revenue, an increase of 220 basis points [8][10]. - Operating income was $27.7 million, reflecting a 25.7% increase, with an operating margin of 12.3% compared to 10.3% in Q3 2024 [8][10]. - Net earnings were $19.5 million, or $0.27 per diluted share, a 74.4% increase from the previous year [8][10]. - Adjusted EBITDA was $47.6 million, up 13.9%, with an adjusted EBITDA margin of 21.2%, an increase of 170 basis points [8][11]. Segment Performance - The Accessibility segment, which constitutes 80% of Q3 2025 revenue, generated $180.1 million, an increase of $10.3 million or 6.1% [19]. - The Patient Care segment accounted for 20% of revenue, totaling $44.7 million, an increase of $0.9 million or 1.9% [19][20]. - Adjusted EBITDA for the Accessibility segment was $42.3 million with a margin of 23.5%, while the Patient Care segment had an adjusted EBITDA of $8.2 million and a margin of 18.3% [20]. Strategic Initiatives - The "Savaria One" project has significantly improved operational efficiencies and is expected to conclude by the end of 2025, with anticipated consulting fees decreasing from $20 million in 2024 to approximately $17 million in 2025 [5][6]. - The company has achieved a debt leverage ratio of 1.19, down from 1.63 at the end of 2024, indicating a healthier balance sheet and positioning for future investments [6][12]. Outlook - For fiscal 2025, Savaria projects revenue of approximately $925 million, driven by volume and price increases, new product launches, and favorable foreign exchange effects [13][14]. - The completion of the Savaria One initiative is expected to sustain profitability and enhance production capacity [14]. Company Overview - Savaria Corporation is a global leader in the accessibility industry, providing a comprehensive range of accessibility solutions for the physically challenged [18]. - The company operates a sales network worldwide and employs approximately 2,500 people across various locations [21].

Core Insights - Savaria Corporation, a global leader in the accessibility industry, will release its financial results for Q3 2025 on November 5, 2025, after market close [1] - An investor conference call and webcast is scheduled for November 6, 2025, at 8:30 a.m. ET, where investors and media can participate on a listen-only basis [1] Company Overview - Savaria Corporation specializes in providing accessibility solutions for the physically challenged, enhancing comfort, mobility, and independence [2] - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, elevators, pressure management products, medical beds, and equipment for safe patient handling [2] - Savaria operates a global sales network with approximately 2,500 employees and manufacturing plants in Canada, the United States, Mexico, Europe, and China [2]

Core Points - Savaria Corporation has announced an increase in its monthly dividend to 4.67 cents per common share, representing an annual increase of 3.7% to 56 cents per share [1] - The dividend increase reflects the company's confidence in future profitability and its ability to maintain balance sheet flexibility for debt repayment and growth investments [2] Company Overview - Savaria Corporation is a global leader in the accessibility industry, providing solutions for the physically challenged to enhance comfort, mobility, and independence [3] - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, elevators, pressure management products, medical beds, and equipment for safe patient handling [3] - Savaria operates a worldwide sales network and employs approximately 2,500 people, with manufacturing plants located in Canada, the United States, Mexico, Europe, and China [3]

Core Insights - Savaria Corporation reported a revenue of $226.7 million for Q2 2025, reflecting a 2.4% increase compared to Q2 2024, primarily driven by a positive foreign exchange impact and the acquisition of Western Elevator [5][8] - The company achieved a net earnings increase of 43.3% to $16.3 million, with diluted net earnings per share rising to $0.23 [5][9] - Adjusted EBITDA for Q2 2025 was $46.7 million, representing an 11.4% increase, with an adjusted EBITDA margin of 20.6%, up 160 basis points from the previous year [10][19] Financial Performance - Revenue for Q2 2025 was $226.7 million, up $5.4 million or 2.4%, with a foreign exchange impact of 2.6% and an organic contraction of 0.7% [5][8] - Gross profit increased by 6.6% to $88.5 million, representing 39.0% of revenue, an increase of 150 basis points compared to Q2 2024 [5][9] - Operating income rose to $26.7 million, an 18.2% increase, with an operating margin of 11.8% [9][13] Segment Performance - The Accessibility segment accounted for 78% of Q2 2025 revenue, generating $176.7 million, a 1.9% increase [16] - The Patient Care segment contributed $50.1 million in revenue, reflecting a growth of 4.4% [16][17] - Adjusted EBITDA for the Accessibility segment was $38.8 million with a margin of 21.9%, while the Patient Care segment had an adjusted EBITDA of $10.5 million and a margin of 20.9% [17] Liquidity and Capital Resources - As of June 30, 2025, Savaria had available funds of $275.5 million to support working capital and growth opportunities [5][18] - The net debt position was $231.2 million, with a ratio of net debt to adjusted EBITDA of 1.34, down from 1.63 at the end of 2024 [5][18] Outlook - The company projects fiscal 2025 revenue of approximately $925 million, driven by volume and price increases, new product launches, and favorable foreign exchange effects [19][20] - Savaria's focus on operational efficiencies and strategic initiatives is expected to sustain profitability despite geopolitical uncertainties [20][21] ESG Commitment - Savaria is committed to minimizing its environmental footprint and upholding high social and governance standards, which are seen as key to sustainable growth [23][24] - The company published its ESG report for the fiscal year ended December 31, 2024, outlining its strategy and initiatives on ESG matters [26]

Core Viewpoint - Savaria Corporation, a leader in the accessibility industry, is set to release its financial results for Q2 2025 on August 6, 2025, followed by an investor conference call on August 7, 2025 [1]. Company Overview - Savaria Corporation is recognized as a global leader in providing accessibility solutions for individuals with physical challenges, enhancing their comfort, mobility, and independence [2]. - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, elevators, pressure management products, medical beds, and equipment for safe patient handling [2]. - Savaria operates a worldwide sales network with direct sales offices in North America, Europe, Australia, and China, employing approximately 2,500 people globally [2].

Core Points - Savaria Corporation, a global leader in the accessibility industry, held its Annual General Meeting of Shareholders where all nominated directors were elected [1][2] - The voting results showed high approval rates for the nominees, with Pernilla Lindén receiving 99.81% in favor, while Alain Tremblay had the lowest approval at 81.24% [2] Group 1: Election of Directors - All nominees listed in the Management Proxy Circular were elected as directors by a majority resolution [2] - Caroline Bérubé received 95.18% in favor, while Jean-Marie Bourassa received 95.48% [2] - The lowest approval was for Alain Tremblay at 81.24%, with 41,500,260 votes in favor [2] Group 2: Company Overview - Savaria Corporation provides accessibility solutions for the physically challenged, enhancing comfort, mobility, and independence [3] - The company offers a comprehensive product line including stairlifts, wheelchair lifts, elevators, and medical equipment [3] - Savaria operates a global sales network with approximately 2,500 employees and manufacturing plants in multiple countries including Canada, the US, Mexico, Europe, and China [3]