Savaria (TSE:SIS) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Savaria Corporation has reported a robust second quarter for 2024, with an impressive 11.6% increase in revenue to $221.3M, driven by organic growth and favorable foreign exchange impacts. The company’s gross profit rose by 23.6%, and its operating income surged by 39.3%, reflecting strong financial performance. Moreover, the acquisition of Matot’s assets bolsters Savaria’s position in the market for commercial and industrial lifts.
For further insights into TSE:SIS stock, check out TipRanks’ Stock Analysis page.
