An Eagle soars in California headquarters
ORANGE, Calif. - Eagle Health Supplies moved its corporate headquarters from Anaheim to a new, 22,000-square-foot facility that will also serve as the company’s warehouse. “Eagle was growing so fast, there was just no more room [in Anaheim],” said Brent Yamamoto, Eagle’s assistant marketing manager. Founded in 1984, Eagle makes a sliding transfer bench with swivel seat as well as more traditional equipment such as rollators, walkers and canes.
Japanese incontinence maker builds in N.C.
WILSON, N.C. - Livedo Corp., a Japanese manufacturer of adult diapers and other incontinence products is starting up operations in a 130,000-square-foot plant here at the end of the year. The company expects to prodcue 30 million incontinent products next year, according to press reports. Livedo was founded in 1965 and employs more than 600 people in Japan. They expect to create 75 new jobs in the next three to five years.
ResMed shares dip, then climb
SAN DIEGO - Shares in ResMed tumbled about 10% in early August after its second quarter results revealed lower-than-expected profits and a rate of growth that trailed Respironics. While Respironics grew by 28% in the same quarter, ResMed boosted its sales by 25% over the corresponding quarter the previous year. In recent years, ResMed has developed a track record of beating analysts’ estimates. The company has demonstrated greater growth than its rival in every quarter but two in the last three years. By press time, ResMed had regained about 80% of its August slide.
Allied is profitable again
ST. LOUIS - Allied Healthcare Products earned $860,000 on revenues of $15.3 million in the fourth quarter. In the same quarter last year, the low-key respiratory manufacturer lost $106,000 on $14.3 million in sales. For the 2004 fiscal year ending June 30, 2004, Allied returned to profitability despite sales that declined about 3% or $1.7 million from the previous year.