11:07 AM EDT, 05/08/2025 (MT Newswires) -- Savaria ( SISXF ) , up near 4% on last look on Thursday, said its first-quarter adjusted net earnings and revenue both rose.

The mobility-products manufacturer said adjusted net earnings, excluding most one-off items, rose 15% to $16.5 million, or $0.23 per share, from $14.3 million, or $0.20, in the prior year period.

Revenue rose 5.2% to $220.2 million, slightly below the consensus analyst forecast of $221.8 million, according to Capital IQ. The increase was mainly due to a positive foreign exchange impact of 3.3% and organic growth of 0.8%.

Savaria ( SISXF ) projects revenue of $925 million, a 5% to 8% growth for 2025. This will be driven by volume and price increases, new product launches, and favorable foreign exchange effects across the Accessibility and Patient Care segments. It added that given the current macroeconomic environment and potential tariff impacts, Savaria ( SISXF ) has tempered its growth expectations.

Separately, Savaria ( SISXF ) said it has acquired Western Elevator, a home elevator and lift dealer based in Coquitlam, British Columbia, for an undisclosed sum.

Western generated $7.5 million in revenue in 2024 and has been a long time, top-tier Savaria ( SISXF ) dealer.

The owners of Western, Alan Bodnaruk and Cameron Pomeroy, will continue in their current leadership roles and manage the company as a division of Savaria ( SISXF ).

The company's shares were last seen up $0.69, to $19.02, on the Toronto Stock Exchange.

Price: 18.95, Change: +0.62, Percent Change: +3.38