Overview

* Savaria ( SISXF ) Q3 revenue rose 5.2% yr/yr but missed analyst expectations

* Adjusted EPS for Q3 met analyst expectations

* Adjusted EBITDA for Q3 beat analyst expectations

Outlook

* Savaria ( SISXF ) forecasts fiscal 2025 projects revenue of approximately $925 mln

* Company expects adjusted EBITDA margin slightly above 20% for fiscal 2025

* Savaria ( SISXF ) plans to optimize North American manufacturing to maintain competitiveness

Result Drivers

* SAVARIA ONE INITIATIVE - Operational improvements from the Savaria One project contributed to a record gross margin of 39.2%

* ACCESSIBILITY SEGMENT - Strong performance in the Accessibility segment, which delivered 23.5% adjusted EBITDA margin

* REVENUE GROWTH DRIVERS - Revenue growth driven by organic growth, foreign exchange impact, and acquisition of Western Elevator Ltd.

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$224.77 C$231.20

Revenue mln mln (5

Analysts

)

Q3 Meet C$0.32 C$0.32

Adjusted (3

EPS Analysts

)

Q3 C$23.45

Adjusted mln

Net

Income

Q3 Net C$19.47

Income mln

Q3 Beat C$47.56 C$46.70

Adjusted mln mln (7

EBITDA Analysts

)

Q3 Gross C$88.12

Profit mln

Q3 C$27.70

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the heavy electrical equipment peer group is "buy"

* Wall Street's median 12-month price target for Savaria Corp ( SISXF ) is C$25.50, about 15.2% above its November 4 closing price of C$21.62

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)