Overview
Canada accessibility leader's Q4 revenue rose 8.3%, beating analyst expectations
Adjusted EPS for Q4 beat analyst expectations
Adjusted EBITDA for Q4 beat analyst expectations
Outlook
Savaria plans to outline its next strategic phase at the upcoming Investor Day
Company aims to accelerate growth by expanding market opportunities
Result Drivers
ORGANIC GROWTH - Revenue increase mainly due to organic growth of 5.2% and positive foreign exchange impact of 2.5%
SEGMENT PERFORMANCE - Accessibility segment revenue increased by 7.7%, Patient Care segment revenue increased by 10.0%
Company press release: ID:nGNX2FR5Yj
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
C$241.78 mln
C$237.74 mln (5 Analysts)
Q4 Adjusted EPS
Beat
C$0.37
C$0.32 (3 Analysts)
Q4 Adjusted Net Income
Beat
C$26.10 mln
C$17 mln (1 Analyst)
Q4 Net Income
C$20.51 mln
Q4 Adjusted EBITDA
Beat
C$51.31 mln
C$48.47 mln (7 Analysts)
Q4 Gross Profit
C$93.94 mln
Q4 Operating Income
C$29.74 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 is C$27.00, about 9.4% above its March 3 closing price of C$24.68
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)