Invacare reports drop in sales

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Friday, October 23, 2015

ELYRIA, Ohio – Invacare this week reported net sales of $283.78 million in the third quarter compared to $320.52 million for the same period in 2014. For the nine months ended Sept. 30, 2015, it reported net sales of $859.07 million compared to $951.96 million for the same period last year. For North America/HME, Invacare reported net sales of $114.6 million for the third quarter compared to $124.3 million for the same period last year, a 7.8% decrease. For the first nine months of the year, it reported net sales of $358.8 million compared to $383.1 million for the same period last year, a 6.3% decrease. Invacare reported a net loss of $7.79 million in the third quarter compared to a net loss of $15.1 million for the same period in 2014. For the nine months ended Sept. 30, 2015, it reported a net loss of $23.26 million compared to $46.69 million for the same period last year.

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