Tag: Matthew Monaghan
Invacare sees ‘high demand’ for oxygen concentrators
February 12, 2021Liz Beaulieu, Editor
ELYRIA, Ohio – Invacare saw a 72.2% increase in respiratory sales for the fourth quarter in North America and a 40.1% increase for 2020 due to increased demand for oxygen concentrators during the COVID-19 pandemic.
Invacare reported $18.7 million in net sales for respiratory products in the fourth quarter and $72.3 million for 2020.
“We see high demand for all modalities of oxygen increasing,” said Matthew...
Invacare posts Q4 loss, but highlights sequential improvements
February 11, 2021HME News Staff
ELYRIA, Ohio – Invacare reported net sales of $224 million for the fourth quarter of 2020, an 8.9% decrease compared to the same period in 2019.
But there were several improvements from the third to fourth quarter, says Matthew Monaghan, chairman, president and CEO.
“In the fourth quarter we achieved improvement in sequential consolidated net sales of 5.7% and constant currency sequential net sales of 4.2%, driven by continued respiratory strength, increased sales...
Invacare sums up 2017, sizes up 2018
February 9, 2018Liz Beaulieu, Editor
ELYRIA, Ohio - Invacare's net sales and net income were off for the year, but “2017 was a tremendous year of progress,” says Matthew Monaghan.Invacare reported net sales of $966.5 million for all of 2017 compared to $1.04 billion for all of 2016. It reported a net loss of $76.5 million vs. $42.9 million.“We've made tremendous progress toward restoring the company's long-term earnings potential,” said Monaghan, the company's chairman, president and CEO, citing quality milestones,...
Invacare ramps up context
November 11, 2016Liz Beaulieu, Editor
ELYRIA, Ohio - Matthew Monaghan wants investors to look past the net losses and sales decreases that dominate Invacare's latest financial results.During an Oct. 31 conference call to discuss Invacare's results for the third quarter, Monaghan, chairman, president and CEO, outlined a three-phase transformation that he believes will, ultimately, land the company with more than $1.1 billion in net sales on a constant currency basis and with gross profit of more than 30%.“I want to put today's quarterly...
Earnings: Invacare reports losses, Inogen raises guidance
November 4, 2016HME News Staff
ELYRIA, Ohio - Invacare on Oct. 31 reported a net loss of $5 million for the third quarter of 2016 compared to $7.8 million for the same period last year. It reported net sales of $268.1 million vs. $283.8 million.Invacare reported a net loss of $25.2 million for the nine months ended Sept. 30, 2016, compared to $23.3 million for the same period last year.For North America HME, Invacare reported net sales of $98 million for the third quarter of 2016, a 14.5% decrease compared to the same period last...
Reporter's notebook: All things clinical at Invacare
May 20, 2016Liz Beaulieu, Editor
ELYRIA, Ohio - Invacare's name has been popping up on the job board of RESNA, an association of rehab and assistive technology professionals, quite a bit recently, and there's good reason for it.The company, which seeks rehab sales specialists across the country, has made no secret in recent earnings calls that it's in the process of retraining much of its sales force to be specialists instead of generalists in not only complex power wheelchairs but also home oxygen therapy and on down its product...
Invacare tries to rejuvenate sales
October 23, 2015Liz Beaulieu, Editor
ELYRIA, Ohio - Invacare's sales were soft in the third quarter, but Matthew Monaghan, chairman, president and CEO, remains bullish on the company's growth.During a conference call to discuss third quarter financial results, Monaghan told investors and analysts that Invacare continues to shift its sales team from being generalists to specialists, especially for complex rehab.“The enhancements to the sales team will continue ad nauseam,” he said. “The clinical requirements for selling...
Invacare realigns team
July 31, 2015Liz Beaulieu, Editor
ELYRIA, Ohio - Invacare is a company in transition, Chairman, President and CEO Matthew Monaghan told investors during a conference call on July 23 to discuss the company's financial results for the second quarter of 2015.“As CEO, I've spent the last few month focusing the organization on two critical priorities: building a strong sustainable quality culture, and generating profitable growth,” he said. “There are a number of transition activities underway to make that happen, primarily...
Invacare posts loss
July 24, 2015HME News Staff
ELYRIA, Ohio - The second quarter of 2015 saw another loss in sales for Invacare.North America/HME net sales were $119 million, compared to $134.3 million a year ago, the company reported in its earnings report, released this morning. For the first six months of 2015, the business had net sales of $244.2 million, compared to $258.9 million during the same period last year.“In the North America/HME business, sales were lower as a result of a number of transitional issues,” said President...
Invacare's Monaghan takes control
April 24, 2015Liz Beaulieu, Editor
ELYRIA, Ohio - New President and CEO Matthew Monaghan will personally head up Invacare's beleaguered North America HME business on an interim basis.Monaghan, who came on board April 1, will also head up Invacare's Institutional Products Group business, he announced during a conference call on April 23 to discuss the company's first quarter earnings.“The North American business needs specific attention to deliver improved financial results and my direct involvement in the business will be critical,”...