Invacare Corp. (IVC) Tops Q4 EPS by 10c

Invacare Corp. (NYSE: IVC) reported Q4 EPS of ($0.10), $0.10 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $224 million versus the consensus estimate of $215.58 million.

• Full Year 2021 Guidance:

Based on expectations of continued progress in the company's performance, increased visibility into the path of recovery for its customers, expected improvement in access to healthcare, improvements to global pandemic-related supply chain disruptions, and pent-up demand from the prior year, the company expects operating results for the full year 2021 consisting of:

• Constant currency net sales growth in the range of 4% to 7%;
• Adjusted EBITDA improvement of 41%, to $45 million; and,
• Free cash flow of $5 million.

The company participates in durable healthcare markets and serves a persistent need for its products. The company expects to grow full-year revenue by effectively engaging with customers interested in its broad portfolio and new products. However, public health restrictions currently in place, especially severely in Europe, may result in net sales in the first quarter to be down slightly to mid-single digits as compared to the prior year, which was not impacted by the pandemic. The company will continue to improve operating efficiency, together with the lifting of public health restrictions, yielding improved financial performance. As a result, the company expects to grow revenue, profitability, and free cash flow in the year.

For earnings history and earnings-related data on Invacare Corp. (IVC) click here.

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