Savaria Corporation (SIS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would like to welcome everyone to Saverio Corporation's first quarter 2025 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. To ask a question during the session, you need to press star 101 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 101 again. This call may contain forward-looking statements which are subject to a disclosure statement contained in Severia's most recent press release issued on May 7, 2025, with respect to its first quarter 2025 results. Thank you, Mr. Bourassa. You may begin your conference. Thanks, Victor, and good morning, everyone. So today we'll start with a small recap of our Q1 results, then Steve will update us on financial, and JP will do an update on Severia 1, then follow that with a Q&A session. So once again, I'm very proud of our Q1 results. It showed that the transformation is stable for a fifth good quarter in a row in an environment where uncertainty, where all our products are UMSC compliant, meaning that there's no duty applicable on all our finished products. So some of the key highlights for the first quarter. So fantastic performance at 18.5% of EBITDA in our weakest quarter, which is always Q1 due to winter, the numbers of working days, so quite proud of our Q1. Looking back at the mirror, we can see that the last 12 months, we're trading at 19% of a bid up, which really showed the improvement on the severe one, which GP is going to highlight later. And we are getting closer to the goal of severe one, which was to be at 20%. As you can see in the DNA, we did not change our guidance due to economic uncertainty and tariff noise, but ...