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Invacare Reports Results for First Quarter 2021


Invacare Reports Results for First Quarter 2021
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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 performance was not impacted by the pandemic.
Revenue growth in respiratory products was more than offset by lower sales of mobility and seating and lifestyle products, which continue to be impacted by the pandemic, as well as supply chain disruptions which hampered order fulfillment during the quarter. ....

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