Savaria Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 05:11 pm EDT
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Savaria Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 210.09 million compared to CAD 201.39 million a year ago. Net income was CAD 12.05 million compared to CAD 10.58 million a year ago. Basic earnings per share from continuing operations was CAD 0.18 compared to CAD 0.16 a year ago. Diluted earnings per share from continuing operations was CAD 0.18 compared to CAD 0.16 a year ago.
For the nine months, sales was CAD 620.12 million compared to CAD 576.99 million a year ago. Net income was CAD 26.88 million compared to CAD 24.05 million a year ago. Basic earnings per share from continuing operations was CAD 0.41 compared to CAD 0.37 a year ago. Diluted earnings per share from continuing operations was CAD 0.41 compared to CAD 0.37 a year ago.
Savaria Corporation is a Canada-based company engaged in the accessibility industry. The Company provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its segments include Accessibility and Patient Care. It designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings. It operates a sales network of dealers worldwide and direct sales offices in North America, Europe (United Kingdom, The Netherlands, Switzerland, Italy, Germany, Poland and Czech Republic), Australia and China.
SAVARIA CORPORATION 
