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 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]

Core Insights - Savaria Corporation reported strong financial results for Q1 2025, with revenue reaching $220.2 million, a 5.2% increase compared to Q1 2024, driven by foreign exchange impacts and organic growth [3][7][9] - The company achieved its highest-ever first-quarter adjusted EBITDA of $40.6 million, reflecting a 17.2% improvement year-over-year [6][11] - The Accessibility segment, which constitutes 77% of total revenue, grew by 6.1%, while the Patient Care segment saw a 2.1% increase [17][18] Financial Performance - Revenue for Q1 2025 was $220.2 million, up $10.8 million from $209.4 million in Q1 2024, with a positive foreign exchange impact of 3.3% and organic growth of 0.8% [3][7][9] - Gross profit increased to $83.3 million, representing 37.8% of revenue, an increase of 180 basis points from 36.0% in Q1 2024 [3][7] - Operating income rose to $21.2 million, a 19.8% increase, with an operating margin of 9.6% compared to 8.5% in the previous year [10] Adjusted Metrics - Adjusted net earnings for Q1 2025 were $16.5 million, up 15.2% from $14.3 million in Q1 2024, with adjusted net earnings per share increasing to $0.23 from $0.20 [3][30] - Adjusted EBITDA was $40.6 million, a 17.2% increase from $34.7 million in Q1 2024, with an adjusted EBITDA margin of 18.5%, up 190 basis points [11][12] - The Accessibility segment's adjusted EBITDA margin reached 20.1%, while the Patient Care segment's adjusted EBITDA margin stood at 18.8% [18] Liquidity and Capital Resources - As of March 31, 2025, Savaria had available funds of $254.7 million to support working capital and growth opportunities [7][12] - The net debt position was $249.5 million, with a ratio of net debt to adjusted EBITDA of 1.49, improved from 1.63 as of December 31, 2024 [12] Outlook - For fiscal 2025, Savaria projects revenue of approximately $925 million, with an adjusted EBITDA margin between 17% and 20%, anticipating growth driven by volume, price increases, and new product launches [13][14] - The company is focused on optimizing its North American manufacturing footprint to maintain competitiveness and service its dealer partners effectively [15]

Core Viewpoint - Savaria Corporation, a leader in the accessibility industry, will release its financial results for Q1 2025 on May 7, 2025, followed by an investor conference call on May 8, 2025 [1]. Company Overview - Savaria Corporation is a global leader 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 worldwide sales network with direct sales offices in North America, Europe, Australia, and China, employing approximately 2,500 people globally [2].