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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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Invacare Corp (IVC) Q4 2020 Earnings Call Transcript


Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Invacare Corporation s Fourth Quarter and Full Year 2020 Conference Call and Webcast. [Operator Instructions] This conference is being recorded Thursday, February 11, 2021.
I will now turn the call over to Lois Lee, Invacare s Director of Treasury, Investor Relations and Corporate Communications. Please go ahead.
Lois Lee
Director of Treasury and Investor Relations
Thank you, Emma. Joining me on today s call from Invacare are Matt Monaghan, Chairman, President and Chief Executive Officer; and Kathy Leneghan, Senior Vice President and Chief Financial Officer. Today we will be reviewing our fourth quarter and full year 2020 financial results and providing investors with an update on our transformation. To help investors follow along, we have created slides to accompany this webcast. For those of you dialing in, you can find a link to our webcast slide presentation that w ....

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