7 stories mentioning SIS.TOUpdated 24d ago
Every FINWIRES story that references SIS.TO, newest first.
Savaria (SIS.TO) on Friday declared a monthly dividend of $0.0467 per share, unchanged from the prior month.The dividend is payable on June 9 to shareholders of record on May 29.Price: $28.94, Change: $+0.36, Percent Change: +1.26%
Savaria (SIS.TO) on Wednesday declared a monthly dividend of $0.0467 per share, payable on May 8 to shareholders of record of the corporation at the close of business on April 30. The dividend is unchanged from the prior month.Price: $30.07, Change: $+1.11, Percent Change: +3.83%
Stifel Canada on Wednesday raised its price target on the shares of Savaria (SIS.TO) by $4.00 to $35.00 and maintained its buy rating after attending the company's investor day."We ... have high confidence in exceptional management to achieve new goals of $1.6b sales/20% EBITDA margins, backed by recent insider buying," said analyst Justin Keywood. Savaria's revenue target represents 12% CAGR (7-8% organic/~4% inorganic). The target is at the high-end of Keywood's $1.1 billion to $1.3 billion organic estimate as strong aging secular trends continue for the end-to-end assisted lift provider.Savaria will be prioritizing dealer acquisitions to expand territorial coverage and product distribution (e.g. SIS's recent acquisition of Texas-based Baxter Residential Elevators). It will also focus on larger, opportunistic acquisitions that grow the product portfolio and/or fill a niche.Keywood believes tangible progress on European growth will also be key in unlocking a higher re-rating in the stock as growth in the European business has been one of the few reservations for investors.Price: $28.82, Change: $-0.13, Percent Change: -0.45%
Savaria (SIS.TO) Tuesday said it is targeting a top-line revenue increase of 12% annually over the next five years, to reach $1.6 billion at the end of 2030.The company, which provided an update on its five-year financial targets under its Savaria One framework, said it would maintain adjusted EBITDA margins of 20%. This would increase adjusted EBITDA per share to $4.25 by 2030, a statement said.In 2023, Savaria launched a transformation plan called Savaria One to unlock value across the business. The program helped the company deliver $913.5 million in revenue in 2025 with an adjusted EBITDA margin exceeding 20%, the company said.For the fiscal first quarter, Savaria is guiding to a 7% revenue increase to $235 million. Adjusted EBITDA is expected to be $48 million, 18% above last year, representing an adjusted EBITDA margin of 20%.The company will host its second investor day today."At today's investor event, I can say that the last three years mark a historic time for Savaria. We invested significantly in ways we had not in the past - with our people and processes. Taking the time and effort to evaluate so much of what we do and improve it is like a major home renovation. We didn't cut corners, we really did our best work and the end result is a very solid, well-built house that will last us years," said Marcel Bourassa, executive chair.Savaria shares closed down $0.22, to $29.95, on Monday on the Toronto Stock Exchange.
