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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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Allied Motion Technologies :  Allied Motion Reports Fourth Quarter and Full Year 2020 Results


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Achieved record orders of $108.5 million and record backlog of $141.3 million at year-end
Continued strong cash generation despite challenging macro environment:
Quarter: Cash flow from operations of $9.8 million and $7.0 million of free cash flow
Full year: Cash flow from operations of $24.8 million and $15.5 million of free cash flow
Paid down $4.6 million of debt in the quarter and nearly $17.0 million during the full year 2020
Free cash flow is a non-GAAP metric defined as cash flow from operations less capital expenditures
(Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, today reported financial results for its fourth quarter and full year ended December 31, 2020. Results include the Dynamic Controls Group (“Dynamic Controls”) acquisition that was completed on March 7, 2020. ....

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