
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
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