Invacare Corp. (IVC) Misses Q1 EPS by 3c
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Invacare Reports Results for First Quarter 2021
May 5, 2021 4:19 PM EDT
Strengthening demand expected to drive 2Q21 revenue growth
Reaffirms full year 2021 financial guidance
Increased balance sheet flexibility with the completion of convertible debt transaction
ELYRIA, Ohio--(BUSINESS WIRE)-- Invacare Corporation (NYSE: IVC) ("Invacare" or the "company") today reported results for the quarter ended March 31, 2021.
Key Metrics (1Q21 versus 1Q20*)
Reported net sales decreased 10.2% to $196.2 million, and constant currency net sales(a), which excludes the 1Q20 Dynamic Controls divestiture, decreased 14.2%. Prior year first quarter... More