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Invacare reports first quarter losses

April 28, 2016HME News Staff

ELYRIA, Ohio - Invacare reported a net loss of $8.6 million for the first quarter of 2016 compared to a net loss of $7.3 million for the same quarter last year. It reported net sales of $257.6 million vs. $289 million. For North America HME, it reported net sales of $106.4 million for the first quarter, a 15% decrease compared to the same quarter last year. A bright spot: net sales of mobility and seating products, which make up the majority of the company's clinically complex portfolio, increased,...

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Sale helps to boost earnings at Invacare

October 24, 2013HME News Staff

ELYRIA, Ohio - Invacare's third-quarter net earnings were $16.1 million for the quarter ended Sept. 30, compared to $2.9 million for the same time period last year, the company reported Oct. 24.A big reason for the gain: the $21.2 million sale in August of its former domestic medical recliner business, Champion Manufacturing.Invacare's net sales fell to $341.2 million in the third quarter, compared to $361.5 million for the same period last year, a 5.6% decrease.Invacare said net sales in its North...

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