Record EBITDA Performance
For the first time, reached 19.5% EBITDA, slightly better than Q2 and the best quarter so far, indicating strong traction on Savaria One transformation.
North America Revenue Growth
Reported 8% revenue growth in North America for Q3, with the year-to-date growth at 11.3%, driven by strong demand in the residential sector.
Improved Financial Metrics
Cash from operating activities increased liquidity by $35.8 million, allowing for $26 million debt repayment and increasing funds available under the credit facility by $24 million.
Strong Gross Margin and Profitability
Achieved gross profit of $79.1 million and a gross margin of 37%, up from $72.6 million and 34.5% the previous year, due to improved pricing and lower material costs.
Continued Deleveraging
Net debt-to-EBITDA ratio decreased to 1.69 from 2.07 at year-end, showcasing a strong financial position for future acquisitions.