Invacare Corp. (IVC) Tops Q1 EPS by 8c

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Invacare Reports Results for the First Quarter 2017

May 8, 2017 4:30 PM EDT

ELYRIA, Ohio--(BUSINESS WIRE)-- Invacare Corporation (NYSE: IVC) today reported results for the first quarter ended March 31, 2017. All comparisons are with respect to the same period last year, unless otherwise stated.

Key Highlights

Reported net sales decreased 10.0% to $231.7 million. Excluding the divested Garden City Medical, Inc., constant currency net sales(a) decreased 4.4%. Gross margin as a percentage of net sales increased 180 basis points to 28.1%. Operating loss increased $5.6 million to $10.7 million. GAAP loss per share was $0.52; adjusted net loss per share(b)... More