Margin ExpansionSustained margin expansion—record EBITDA of 21.2% and gross margin at 39.2%—reflects durable operational improvements and pricing power across product lines. Higher margins provide lasting capacity to fund R&D, service capabilities, and aftermarket investments, improving resilience to cost cycles.
Improved Leverage And Cash GenerationA 16% rise in free cash flow alongside a lower net debt-to-EBITDA of 1.19 indicates materially improved balance-sheet flexibility. This durable cash generation supports capex, M&A, and modernization of installed base while reducing refinancing risk and enabling strategic investments over the medium term.
Acquisition Integration & Channel StrengthThe full integration of Western Elevator demonstrates Savaria’s ability to execute M&A and extract synergies, strengthening distribution and recurring aftermarket sales. Durable channel expansion and deeper dealer relationships help scale installations and service revenue over multiple years.