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Sale boosts Invacare's earnings

October 25, 2013Liz Beaulieu, Editor

ELYRIA, Ohio - The sale of Champion Manufacturing, a medical recliner business for dialysis clinics, provided a much-needed shot in the arm to Invacare's third quarter earnings. Invacare sold Champion in August, helping it to boost net earnings to $16.1 million for the quarter ended Sept. 30 compared to $2.9 million for the same period last year. The sale also helped the company to reduce total debt outstanding to $58.9 million. Net sales, however, fell to $341.2 million for the quarter...

Champion Manufacturing, Food & Drug Administration (FDA), Invacare, third quarter earnings