Savaria Corporation (OTCPK:SISXF) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET
Company Participants
Sébastien Bourassa – President & Chief Executive Officer
Steve Reitknecht – Chief Financial Officer
Jean-Philippe De Montigny – Chief Transformation Officer
Conference Call Participants
Derek Lessard – TD Cowen
Michael Glen – Raymond James
Frederic Tremblay – Desjardins Capital Markets
Zachary Evershed – National Bank Financial
Justin Keywood – Stifel
Operator
Good morning. My name is Brittany Morgan, and I will be your conference operator today. At this time, I would like to welcome everyone to Savaria Corporation’s Quarter 3 2024 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] 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 6, 2024 with respect to its quarter 3, 2024 results.
Thank you. Mr. Bourassa, you may begin your conference.
Sébastien Bourassa
Thank you, Brittany, and good morning everyone. Today, I will start with a small recap of our Q3 results then I will hand it to Steve for a financial update and JP will then update us with Savaria One and we will follow with a small Q&A session.
First, I need to say that I’m very proud of our Q3 results, as it showed that the transformation is stable with a third good quarter in a row and it continued to have marginal improvement towards our objective of $1 billion of sales and 20% of EBITDA by 2025.
So some of the key highlights. For the first time we have reached 19.5% of EBITDA, which is slightly better than Q2 and it’s our best quarter so far, which shows that we continue to have a good traction
