Invacare Corp. (IVC) Misses Q1 EPS by 26c

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Go back to Invacare Corp. (IVC) Misses Q1 EPS by 26c

Invacare Reports Results for First Quarter 2022

May 9, 2022 4:34 PM EDT

Delivered sales growth driven by mobility & seating and lifestyle products
Reaffirmed full year 2022 financial guidance

ELYRIA, Ohio--(BUSINESS WIRE)-- Invacare Corporation (NYSE: IVC) ("Invacare" or the "company") today reported results for the quarter ended March 31, 2022.

Executive Summary

Reflecting on the quarter, Matt Monaghan, chairman, president, and chief executive officer, said "In 1Q22, we delivered 2.4% reported net sales and 6.4% constant currency net sales growth driven by sales of mobility & seating products which achieved double-digit growth. We are pleased that strong demand continued... More