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Invacare Corporation (NYSE: IVC) will release its financial results for the second quarter on August 8, 2022, after market close. A live conference call and webcast will follow on August 9, 2022, at 8:30 AM ET, to discuss these results. Investors can join the call via webcast or by phone, with options provided for U.S., Canadian, and international callers. The company, a leading manufacturer of medical equipment for non-acute care settings, serves markets across North America, Europe, and Asia/Pacific.
Invacare Corporation (NYSE: IVC) will participate in the 22nd Annual New Ideas Summer Conference on July 12, 2022. Key executives, including CEO Matt Monaghan, CFO Kathy Leneghan, and Director of Investor Relations Lois Lee, will be available for one-on-one meetings with investors. Invacare is a leading manufacturer of medical equipment for non-acute care, focusing on solutions for diverse medical conditions. The company's products serve a wide range of needs in home care, rehabilitation, and residential settings across North America, Europe, and Asia/Pacific.
Invacare Corporation (NYSE: IVC) announced that CEO Matt Monaghan will present at the 12th Annual East Coast IDEAS Investor Conference on June 22, 2022. The presentation will be available via webcast at this link and can be replayed for 90 days. Alongside Monaghan, CFO Kathy Leneghan and director Lois Lee will conduct one-on-one meetings with interested investors. An updated investor presentation will be posted on the company’s website at this link.
Invacare Corporation (NYSE: IVC) has introduced the Birdie™ Evo XPLUS patient lift in the U.S., designed for post-acute care settings. This innovative lift offers enhanced safety and comfort features, including the Slow’R™ Integrated Dampener for stable lifts and an ergonomic sling hook to reduce injury risks. The product follows a successful reception in Europe and aims to address safe patient handling challenges. Invacare continues to focus on customer feedback in product development to enhance user experience.
Invacare reported a 2.4% increase in net sales for 1Q22, totaling $201.0 million, driven by strong demand for mobility and seating products. However, gross profit decreased to 23.7% of net sales, primarily due to rising freight and material costs. The company faces challenges from supply chain disruptions, resulting in an operating loss of $16.6 million and a free cash flow usage of $29.8 million. Despite these obstacles, Invacare reaffirmed its full-year financial guidance, anticipating improved adjusted EBITDA and free cash flow, while continuing strategic restructuring to boost profitability.
Invacare Corporation (NYSE: IVC) will release its first-quarter financial results for the period ending March 31, 2022, after market close on May 9, 2022. A live conference call and webcast to discuss these results is scheduled for May 10, 2022, at 8:30 AM ET. Investors can participate via a dedicated link for the webcast or dial in using provided phone numbers. Information regarding the company and its medical equipment solutions is available on Invacare's website.
Invacare Corporation (NYSE: IVC) announced the appointment of Aron I. Schwartz to its Board of Directors, effective March 21, 2022. Schwartz, Managing Partner at ACON Investments, brings extensive financial expertise to the company. His role includes positions on the Audit Committee and Nominating and Governance Committee, expanding Invacare's board to nine directors, eight of whom are independent. The company's leadership expressed optimism that Schwartz's experience will enhance Invacare's business transformation and profitability.
Invacare Corporation (NYSE: IVC) reported a 1.0% increase in net sales to $226.2 million for 4Q21, driven by mobility and seating products, with operating income rising to $9.8 million from $1.2 million in 4Q20. Adjusted EBITDA improved 37.3% to $13.1 million. The company anticipates profitability growth in 2022 amid ongoing supply chain challenges. Despite an overall net sales increase of 2.6% to $872.5 million for the full year, operating loss was reported at $24.2 million, impacted by a non-cash goodwill impairment of $28.6 million. Free cash flow usage amounted to $32.0 million for 2021.
Invacare Corporation (NYSE: IVC) announces its conference schedule for March 2022, participating in two significant events. On March 15, the company will be part of the 32nd Annual Oppenheimer Healthcare Conference, followed by participation in the KeyBanc Life Sciences & MedTech Investor Forum on March 22. Management, including CEO Matt Monaghan, CFO Kathy Leneghan, and Lois Lee, will hold 1x1 meetings with investors at both conferences. Invacare leads in manufacturing medical equipment for non-acute care, serving diverse global markets.
Invacare Corporation (NYSE: IVC) will release its financial results for Q4 and the full year ending December 31, 2021, on March 8, 2022, after market close. A conference call and webcast will follow on March 9, 2022, at 8:30 AM ET to discuss these results. Investors can join the event via a provided link or by telephone using specified conference ID codes. The company is recognized as a leading manufacturer of medical equipment for non-acute care settings, addressing a wide range of health challenges.
