Invacare Stocks


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INVACARE (IVC) Stocks

ABOUT INVACARE

Invacare Corporation is a manufacturer and marketer of medical equipment.

The company’s portfolio offers products such as walker, respiratory products, mobility scooters, personal care products, wheelchairs as well as pressure care and positioning equipment, just to name a few. These are offered to medical industries in more than 80 countries globally.

The company has more than 25 000 medical equipment providers in the United States, Canada, Asia Pacific and Europe.

The company operates through its Homecare and Long-Term Care sectors. Homecare products assist people with staying active at home with the help of rehabilitation, respiratory and standard products.

Long-Term Care offers products for long-term use such as dialysis chairs, transfer and transport equipment, furnishings etc. This sector also offers programs that specializes in injury reduction.

Invacare Corporation employs approximately 6 000 people and is headquartered in Elyria, Ohio, United States.

HISTORY OF INVACARE

  • In 1885 Invacare is created and starts manufacturing a variety of wheelchairs.

  • In the 1970’s a medical device manufacturer, Technicare, buys the company. In 1978 Johnson & Johnson buys Technicare and sells Invacare for a price of $ 7.8 million. It is purchased by Max Mixon a year later.

  • During the next years the company introduces innovative solutions that transform the medical industry. Some of these include the microprocessor-controlled power chain, the brush-less and gear-less motor and the split-spring bed.

  • The company lists on the New York Stock Exchange and purchases several companies to expand its portfolio, including Carters, Scandinavian Mobility and Poirier.

  • By 2018 the company’s net sales exceeds $ 1.4 billion and its facilities has increased from 3 to 30 300.

VISION & VALUES OF INVACARE

  • Invacare Corporation focuses on a sustainable future and is committed to helping communities around the globe.

  • The company encourages its employees to develop sustainable products, conserve natural resources and contribute to organizations and social development.

  • Invacare Corporation contributes to several organizations such as the Paralyzed Veterans Association, Easter Seals, Invacare World Team Cup, United Way and Community Gardens.

  • The company acts responsibly and ensures the safety of its employees and communities from which it operates.

MARKET PERFORMANCE OF INVACARE

  • Invacare Corporation trades on the New York Stock Exchange under the NYSE stock symbol IVC.

  • Data analysis for the company’s period ending June 30, 2019 reports net sales of $ 235,858 thousand. Cash and cash equivalents are $ 89, 511 thousand. Working capital is $ 174,123 thousand.

  • Total debt for the reported period is $ 320,754 thousand. Total shareholders’ equity is $ 331,926 thousand. Gross profit is $ 65,066 thousand and operating loss is $ 4,510 thousand. Cost of products sold is $ 170,792 thousand. Interest income is $ 119 million.

  • Dividends are $ 0.0125 per common share.