Tag: Champion Manufacturing
Sale boosts Invacare's earnings
October 25, 2013Liz Beaulieu, Editor
ELYRIA, Ohio - The sale of Champion Manufacturing, a medical recliner business for dialysis clinics, provided a much-needed shot in the arm to Invacare's third quarter earnings.
Invacare sold Champion in August, helping it to boost net earnings to $16.1 million for the quarter ended Sept. 30 compared to $2.9 million for the same period last year. The sale also helped the company to reduce total debt outstanding to $58.9 million.
Net sales, however, fell to $341.2 million for the quarter...
