Invacare earnings plunge

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Thursday, October 25, 2012

ELYRIA, Ohio – Invacare today reported net earnings of $2.9 million for the third quarter ended Sept. 30, 2013, compared to $12.8 million for the same period last year.

It reported net sales of $453 million vs. $456.5 million, a decrease of 0.8%.

Invacare reported net earnings of $9.1 million for the nine months ended Sept. 30, 2012, compared to $30.9 million for the same period last year. It reported net sales of $1.34 billion vs. $1.35 billion, a decrease of 0.7%.

For North America/HME, net sales were $171 million for the third quarter this year compared to $188.4 million last year, a 9.3% decrease. Net sales were $527.5 million for the first nine months of the year compared to $565 million last year, a 6.6% decrease.

For Invacare Supply Group, net sales were $85.8 million for the third quarter this year compared to $74.2 million last year, a 15.6% increase. Net sales were $246.4 million for the first nine months of the year compared to $224 million last year, a 10% increase.

For details from Invacare’s earnings call today, read Monday’s HME Newswire.