Invacare Corporation Announces Financial Results for the Fourth Quarter and Full Year Ended December 31, 2017
Invacare Corporation (IVC)
Last invacare corporation earnings: 2/10 06:00 am
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US:NYSE Investor Relations:
invacare.com/cgi-bin/imhqprd/investor-relations.jsp
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Source: Business Wire
ELYRIA, Ohio--(BUSINESS WIRE)-- Invacare Corporation (NYSE: IVC) today announced its financial results for the fourth quarter and year ended December 31, 2017. Highlights for the Fourth Quarter 2017 Reported net sales increased 1.5% to $250.4 million compared to the fourth quarter 2016. Constant currency net sales(a) decreased 2.3% compared to the fourth quarter 2016. Consolidated constant currency sequential net sales(b) decreased 1.2% compared to the third quarter 2017. Notably, North America/Home Medical Equipment (NA/HME) constant currency sequential net sales were flat. Gross margin as a percentage of net sales decreased 60 basis points to 27.3% compared to the fourth quarter 2016, primarily as a result of inventory liquidation following previously announced 2017 plant transfers and year-end promotional activities. Operat
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