Canada's Savaria Q1 revenue slightly beats estimates on accessibility unit strength

Savaria

06/05/2026 22:19

Overview

Canada accessibility solutions firm's Q1 revenue grew 7%, slightly beating analyst expectations

Adjusted EPS for Q1 met analyst expectations

Q1 adjusted EBITDA slightly beat analyst estimates, with margin rising to 20.4%

Outlook

Savaria targets annual revenue growth of about 12% over the next five years

Company aims to reach about C$1.6 bln in revenue and at least 20% adjusted EBITDA margin by 2030

Savaria expects growth to be driven by organic initiatives, acquisitions, and margin improvement

Result Drivers

ORGANIC GROWTH - Co said Q1 revenue increase was mainly due to 5.7% organic growth, with additional contribution from acquisitions and foreign exchange

MARGIN IMPROVEMENT - Co attributed higher gross and adjusted EBITDA margins to operational efficiencies and initiatives under Savaria One program

SEGMENT GROWTH - Accessibility segment revenue rose 7.9% and Patient Care segment revenue grew 3.8%, both contributing to overall results

Company press release: ID:nGNX1kzc5p

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
C$235.55 mln
C$234.86 mln (7 Analysts)
Q1 Adjusted EPS
Meet
C$0.31
C$0.31 (5 Analysts)
Q1 Adjusted Net Income
Beat
C$22.84 mln
C$22 mln (2 Analysts)
Q1 Net Income
C$22.68 mln
Q1 Adjusted EBITDA
Slight Beat*
C$48.12 mln
C$47.95 mln (8 Analysts)
Q1 Gross Profit
C$91.74 mln
Q1 Operating Income
C$32.97 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 is C$35.00, about 18.4% above its May 5 closing price of C$29.55

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 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.)