IVC - Invacare hits a 52-week low after mixed Q4 2021 performance

The shares of wheelchair maker Invacare Corporation (IVC -30.8%) has approached a 52-week low after reporting a mixed performance with its Q4 2021 results on Wednesday. While quarterly topline growth averaged over 10% YoY in the previous two quarters, the company’s net sales for Q4 2021 stood at $226.2 million with ~1% YoY growth, falling short of analyst estimates. The company cited the continued impact of global supply chain challenges in 2021 on the net sales and product mix. However, Invacare (NYSE:IVC) reported $1.9 million of net income for the quarter as operating income rose over eightfold to $9.7M from Q4 2020 when the charges related to restructuring activities stood at $2.7M compared to only $58,000 this quarter. Full-year revenue rose ~3% YoY to $872.5 million, while adj. EBITDA climbed ~20% YoY to $38.1M, and free cash flow usage stood at $32.0M Invacare (IVC) expects its adj. EBITDA and free

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Invacare hits a 52-week low after mixed Q4 2021 performance