ResMed, Invacare report earnings
By HME News Staff
Updated Fri April 24, 2015
San Diego-based ResMed has reported $422.5 million in revenues for the third quarter ended March 31, a 6% increase compared to the same period last year. It reported a net income of $91 million, a 1% increase. In the Americas, specifically, ResMed reported revenues of $250.9 million, a 15% increase. For Europe and Asia Pacific combined, it reported revenues of $171.6 million, a 6% decrease…Elyria, Ohio-based Invacare has reported net sales of $289 million for the first quarter this year compared to $304.5 million for the same period last year. Net losses were $7.5 million vs. $18.9 million. Net revenues for the North America HME business were $125.2 million for the first quarter of this year compared to $124.5 million for the same period last year, relatively stable. Net losses were $8.8 million instead of $17.9 million.
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