Savaria Improves Earnings per Share by 82% Over Q1 2025

• Savaria Corporation reported Q1 2026 financial results on May 6, 2026.
• Revenue increased 7% year-over-year to $235.5 million.
• Net earnings rose significantly by 82% to $22.7 million ($0.31 per diluted share).
• Adjusted EBITDA reached $48.1 million, up 18.4% year-over-year with a margin of 20.4%.
• Gross margins improved to 38.9%, up 110 basis points from the prior year period.
• The company reaffirmed long-term strategic targets set at the April 2026 Investor Day: $1.6 billion revenue and $4.25 adjusted EBITDA per share by end of 2030.
• Net debt decreased to $178.7 million, with a net-debt-to-adjusted-EBITDA ratio of 0.92.
• Liquidity remains strong at $324.0 million for working capital and growth investments.

• The Q1 2026 results align closely with preliminary guidance provided during the April 14, 2026 Investor Day (Projected Revenue ~$235M vs Actual $235.5M; Projected EBITDA ~$48M vs Actual $48.1M).
• Because the financial targets were explicitly communicated in advance and actuals matched expectations precisely, this news is not considered a surprise market mover.
• The 82% improvement in EPS is driven by margin expansion (Savaria One transformation) rather than unexpected revenue spikes, validating the strategic pivot announced previously.
• Debt reduction to a leverage ratio of 0.92x provides capacity for acquisitions but does not fundamentally alter the risk profile compared to Q4 2025 results (1.03x).
• The news confirms execution capability on the "Savaria One" program, which management stated was completed at end of 2025.
• No material negative surprises regarding FX or operational costs were noted in this release, though FX volatility remains a risk factor mentioned in prior transcripts.

• Savaria Corporation operates globally in accessibility solutions (elevators) and patient care equipment.
• Flagship Project: "Savaria One" transformation program aimed at continuous improvement, procurement optimization, and manufacturing efficiency; completed end of 2025.
• Strategic Initiative: Greenville, South Carolina factory expansion to increase US home elevator production capacity by end of 2026.
• Business Segments: Accessibility Segment ($183.6M revenue) and Patient Care Segment ($52.0M revenue).
• Global Footprint: Manufacturing facilities across North America, Europe, Australia, and China with approximately 2,500 employees.