Savaria Corporation (SIS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Carmen, and I will be your conference operator today. At this time, I would like to welcome everyone to Savaria Corporation's third 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 participate, you will need to press star 1-1 on your telephone. You will then hear a message advising your hand is raised. To withdraw your question, simply press star 11 again. This call may contain forward-looking statements which are subject to the disclosure statement contained in Savaria's most recent press release issued on November 5th, 2025, with respect to its third quarter 2025 results. Thank you, and I will turn the call back to Sebastian Bourassa. You may begin your conference. Thanks, Carmen, and good morning, everyone. Today, I will start with a small recap of our Q3 results, then Steve will update us on financial, and GP will provide an update on Savaria One, followed by a Q&A session. First, I need to thank all the employees at Savaria for their contribution over the last two years. Without you, we would never have had the success that we had in the Savaria One program. Once again, I'm very proud of our Q3 results. As for the first time ever, we reached 21.2% of EBITDA. Some of the key highlights of the third quarter, best gross margins ever at 39.2%, which is a direct result of operational improvement, procurement, and pricing initiative, which GP would go a bit later more in details. Fantastic performance of the accessibility segment with 23.5% of EBITDA margins, which show a good contribution from North America and also from Europe, and I think it has been a big transformation in Europe in the last two years, so congratula...