Tag: Net earnings
Invacare blames rehab, in part, for HME sales drop
October 22, 2009Liz Beaulieu, Editor
Invacare reported earnings for the third quarter this week, and the news was good. Adjusted net earnings were $16.7 million for the quarter ended Sept. 30, 2009, compared to $13.4 million for the same period last year. Invacare also boasted of a 1.9 percentage point improvement in its growth margin and about $45 million of free cash flow.
For its North America/HME division, however, Invacare blamed rehab, in part, for a 3.2% decrease in net sales ($185.1 million vs. $191.2 million). The company...
