Savaria Corporation Reports Strong Fiscal 2024 Results with Increased Revenue and Profitability

Savaria ( (TSE:SIS) ) has shared an update.

Savaria Corporation reported its fiscal 2024 results, showcasing a revenue increase to $867.8 million, driven by organic growth and favorable foreign exchange impacts. The company achieved a gross profit of $321.7 million and an operating income of $84.1 million, reflecting improved profitability. Notably, the adjusted EBITDA rose by 24% to $161.2 million, with margins improving significantly. These results highlight Savaria’s strong financial performance and strategic positioning in the accessibility industry, despite divestitures and regional market contractions.

More about Savaria

Savaria Corporation is a global leader in the accessibility industry, providing products and services that enhance mobility and accessibility for individuals. The company focuses on accessibility solutions and patient care, with a significant market presence in North America and Europe.

YTD Price Performance: -13.34%

Average Trading Volume: 123,985

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$1.22B

See more data about SIS stock on TipRanks’ Stock Analysis page.