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].

Company Overview - Otis Worldwide Corporation is the largest player in the escalator and elevator industry, which operates in an oligopolistic market structure [1] - Approximately 50% of the company's revenues are derived from its core business activities [1] Investment Strategy - The company is positioned as a growth portfolio, appealing to long-term growth and dividend-growth investors [1] - The focus is on identifying undervalued stocks and high-quality dividend growers that provide reliable cash flow for reinvestment [1] Financial Performance - Sustained profitability is emphasized as a key driver of returns, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital [1]

Core Insights - The article expresses a personal affinity for Otis Worldwide (NYSE: OTIS) and highlights the author's disappointment in encountering a different elevator brand during a recent hotel visit [1]. Company Overview - Otis Worldwide is recognized as a leading company in the elevator industry, with a focus on quality and innovation [1]. Investment Perspective - The author emphasizes a long-term investment strategy, particularly in high-quality, dividend-paying companies, indicating a belief in the stability and growth potential of Otis Worldwide [1].

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 has announced the acquisition of Western Elevator Ltd., enhancing its presence in the accessibility industry [1][5] - Western generated approximately $7.5 million in revenue in 2024 and has been a long-time dealer for Savaria [2] - The Vancouver area is a key market for luxury residential elevators, and Western has established strong relationships with local builders and architects [3] Company Overview - Savaria Corporation is a global leader in the accessibility industry, providing solutions for the physically challenged to enhance comfort, mobility, and independence [6] - The company offers a comprehensive product line, including stairlifts, wheelchair lifts, and elevators for both residential and commercial use [6] - Savaria operates a global sales network and employs approximately 2,500 people, with manufacturing plants located in multiple countries [6]

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].

Core Viewpoint - Otis Worldwide reported mixed results for Q4 2024, with adjusted earnings missing estimates while net sales exceeded expectations, marking the second consecutive earnings miss after a strong performance in prior quarters [2][5]. Financial Performance - Adjusted earnings were 93 cents per share, missing the Zacks Consensus Estimate of 95 cents by 2.1%, but increased 6.9% year-over-year from 87 cents [5]. - Net sales reached $3.68 billion, slightly above the consensus mark of $3.65 billion, reflecting a 1.5% year-over-year growth, with organic sales increasing by 1.9% [5]. - Adjusted operating margin expanded by 30 basis points to 15.9%, driven by favorable performance in the Service segment [6]. Segment Analysis - **New Equipment Segment**: - Net sales were $1.36 billion, down 7.4% year-over-year, with organic sales declining 6.8% [7]. - Orders decreased by 4% at constant currency, with significant declines in China and EMEA [8]. - Operating margin contracted by 140 basis points to 4.7% due to lower volume and unfavorable mix [9]. - **Service Segment**: - Net sales increased by 7.6% year-over-year to $2.32 billion, supported by a 7.8% rise in organic sales [10]. - Operating margin improved by 50 basis points to 24.5%, aided by higher volume and favorable pricing [11]. Annual Highlights - For 2024, Otis Worldwide reported annual revenues of $14.26 billion, a 0.4% increase from $14.21 billion in 2023, with adjusted EPS rising to $3.83 from $3.54 [12]. - Adjusted operating margin for the year expanded by 50 basis points to 16.5% [12]. Financial Position - As of December 31, 2024, cash and cash equivalents were $2.3 billion, up from $1.27 billion at the end of 2023, while long-term debt increased to $6.97 billion [13]. - Net cash flows from operating activities were $1.56 billion, down from $1.63 billion a year ago, with adjusted free cash flow totaling $1.57 billion [13]. 2025 Outlook - Otis expects net sales between $14.1 billion and $14.4 billion, with organic sales growth projected between 2% and 4% [14]. - Adjusted EPS is anticipated to be between $4 and $4.10, indicating a year-over-year growth of 4-7% [15]. Estimate Trends - There has been a downward trend in estimates, with the consensus estimate shifting down by 5.23% [16]. VGM Scores - Otis Worldwide has a Growth Score of A but lags in Momentum with an F, resulting in an aggregate VGM Score of C [17].