The following is a summary of the Savaria Corporation (SISXF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Savaria Corporation reported Q1 2024 revenue of $209.4 million, primarily due to divestitures but partially offset by organic growth.

• Gross margin reaching record levels of 36% compared to 34% in Q1 2023.

• North American accessibility revenue experienced an overall growth of 11%.

• EBITDA margins stand at $34.7 million and 16.6%, marking an improvement from the previous year.

Business Progress:

• Initiatives like 'Access Plus' and 'Savaria One' have improved profitability despite a minor decrease in revenues.

• The company aims to achieve a growth target of $1 billion by 2025 through operational improvements and potential acquisitions.

• Savaria expects growth in its European market and a continuous organic growth in the North American market.

• The company is investing in programs like Savaria One to enhance efficiencies, operational flow, and expects some product-related improvements in Q2.

• Savaria acquired Matot to expand its product portfolio, aiming to broaden the market for these products with its larger dealer network.

More details: SAVARIA CORP IR

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