Edition:
United States

Savaria Corp (SIS.TO)

SIS.TO on Toronto Stock Exchange

16.86CAD
3:59pm EST
Change (% chg)

$-0.14 (-0.82%)
Prev Close
$17.00
Open
$17.00
Day's High
$17.12
Day's Low
$16.71
Volume
73,521
Avg. Vol
115,903
52-wk High
$18.23
52-wk Low
$10.18

Latest Key Developments (Source: Significant Developments)

Savaria Corp says 2018 ‍revenue projected to grow about 40% over 2017
Tuesday, 14 Nov 2017 04:00pm EST 

Nov 14 (Reuters) - Savaria Corp :Savaria presents its guidance for 2018 - revenue and EBITDA on track for strong growth.Savaria Corp says ‍revenue for 2018 is projected to grow approximately 40% over 2017, to reach $260 million​.Savaria Corp says 2018 ‍EBITDA projected to hit between $42 million and $44 million​.  Full Article

Savaria Posts Q3 EPS of ‍$0.11​
Wednesday, 8 Nov 2017 04:00pm EST 

Nov 8 (Reuters) - Savaria Corp :Savaria announces third quarter results.Q3 revenue C$56.1 million versus I/B/E/S view C$58.4 million.Qtrly diluted earnings per share ‍$0.11​.  Full Article

Savaria Corp agrees to acquire the assets of Visilift, LLC
Thursday, 24 Aug 2017 04:56pm EDT 

Aug 24 (Reuters) - Savaria Corp :Deal for ‍US$5.0 million​.Savaria Corp - expects acquired business to generate US$3.0 million in sales in 2018 and US$10 million in sales in 2019​.Savaria - entered into agreement with Visilift, LLC as per which co, through a wholly-owned subsidiary, will acquire all of assets of Visilift​.Savaria Corp - Visilift will have option to earn an additional payment of US$3.0 million upon achieving certain performance metrics over a 3-year period.  Full Article

Savaria qtrly earnings per share $0.07‍​
Thursday, 10 Aug 2017 04:07pm EDT 

Aug 10 (Reuters) - Savaria Corp :Savaria announces another record quarter - revenue is up 30% and adjusted EBITDA is up 29%.Quarterly revenue rose 30.1 percent to c$39.1 million.Savaria Corp qtrly earnings per share $0.07‍​.Savaria Corp - ‍adjusts 2017 forecast of revenue to approximately $187 million​.Savaria Corp - ‍adjusts adjusted ebitda guidance to a range of $29.5-$30.5 million for twelve-month period ending december 31, 2017​.FY 2017 revenue view C$187.8 million -- Thomson Reuters I/B/E/S.  Full Article

Savaria announces Q1 revenue C$31.1 million
Thursday, 11 May 2017 04:00pm EDT 

May 11 (Reuters) - Savaria Corp :Savaria announces another record quarter - revenue is up 19% and EBITDA is up 31%.Q1 revenue C$31.1 million versus I/B/E/S view C$32.9 million.Qtrly earnings per share - diluted $ 0.09.Sees FY 2017 revenue C$143 million.Sees adjusted EBITDA in a range of $25.5-$26.5 million for twelve-month period ending December 31, 2017.FY2017 earnings per share view c$0.49, revenue view c$145.5 million -- Thomson Reuters I/B/E/S.Q1 earnings per share view c$0.10 -- Thomson Reuters I/B/E/S.  Full Article

Savaria announces qtrly earnings per share $0.09
Thursday, 11 May 2017 04:00pm EDT 

May 11 (Reuters) - Savaria Corp :Savaria announces another record quarter - Revenue is up 19% and EBITDA is up 31%.Qtrly earnings per share $0.09.Qtrly revenue $31.1 million versus $26.2 million.Savaria Corp says keeps forecast of revenue of about $143 million and of adjusted EBITDA in range of $25.5-$26.5 million for fy 2017.  Full Article

Savaria announces increase to bought deal financing
Tuesday, 2 May 2017 09:44am EDT 

May 2 (Reuters) - Savaria Corp :Savaria announces increase to bought deal financing.Savaria corp says to increase size of its previously announced $27.8 million "bought deal" offering on a private placement basis.Savaria -pursuant to upsized deal terms, underwriters to purchase, on a "bought deal" basis, 2.8 million subscription receipts at $13.90/subscription receipt.  Full Article

Savaria Corporation to acquire Span-America Medical Systems Inc.
Monday, 1 May 2017 03:32pm EDT 

May 1 (Reuters) - Savaria Corp :Savaria Corporation to acquire Span-America Medical Systems, Inc..Terms and conditions of transaction were unanimously approved by boards of directors of each of Savaria and Span-America.Transaction is immediately accretive by more than 30 pct to Savaria's ttm free cash flow per share.Savaria has entered into an agreement with National Bank Financial and GMP Securities L.P. To sell 2 million subscription receipts.If conditions to deal not satisfied by Sept 1, gross proceeds of offering will be returned to holders of subscription receipts with interest.Savaria is also reaffirming its full year 2017 outlook provided on March 6, 2017.  Full Article

Span-America Medical Systems agrees to be acquired by Savaria Corporation
Monday, 1 May 2017 03:30pm EDT 

May 1 (Reuters) - Span-America Medical Systems Inc ::Span-America Medical Systems, Inc. agrees to be acquired by Savaria Corporation.All-cash tender offer of $29 per share.Savaria intends to acquire Span-America by way of an all-cash tender offer for $29 per share, or approximately $80.2 million.Savaria has indicated that it will finance deal with cash on hand, financing commitment from National Bank of Canada among others.Savaria also indicated that it will finance transaction with a Canadian equity private placement of subscription receipts.Board of Directors of Span-America unanimously approved proposed acquisition of Span-America by Savaria.Deal subject to conditions including receipt of two-thirds of Span-America's shares in tender offer to Span-America' shareholders.As per deal, all of Span-America's Board Members and senior managers have agreed to tender their shares.Savaria to buy all remaining shares not tendered in tender offer through second-step merger at same price/share as payable under offer.Members of Span-America's Board, senior officers to tender their Span-America shares, constituting about 15.9% of its outstanding shares.  Full Article

Savaria Q4 earnings per share-diluted $0.10
Monday, 6 Mar 2017 04:09pm EST 

Savaria Corp : Q4 revenue c$31 million versus I/B/E/S view c$32.2 million . Qtrly earnings per share -diluted $0.10 . Savaria Corp qtrly revenue $31 million versus $26.6 million . Savaria Corp sees adjusted EBITDA in a range of $25.5-$26.5 million for twelve-month period ending December 31, 2017 . Savaria Corp - forecasts revenue of about $143 million for twelve-month period ending December 31, 2017 . Q4 earnings per share view c$0.10, revenue view c$32.2 million -- Thomson Reuters I/B/E/S .Fy2017 revenue view c$146.2 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Savaria Posts Q3 EPS of ‍$0.11​

* Q3 revenue C$56.1 million versus I/B/E/S view C$58.4 million