-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DEfWaJ6tCppq4asYw23g4zUrNMBtw8vBMFpVdYn0j1ITtQ403k5OOnN6t8XFJblz hlGJM+eLSoBRaD7JMTwdUQ== 0000742112-08-000018.txt : 20080424 0000742112-08-000018.hdr.sgml : 20080424 20080424142723 ACCESSION NUMBER: 0000742112-08-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080424 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080424 DATE AS OF CHANGE: 20080424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVACARE CORP CENTRAL INDEX KEY: 0000742112 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 952680965 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15103 FILM NUMBER: 08774080 BUSINESS ADDRESS: STREET 1: ONE INVACARE WAY STREET 2: P O BOX 4028 CITY: ELYRIA STATE: OH ZIP: 44036 BUSINESS PHONE: 4403296000 8-K 1 form8k.htm form8k.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

 
Date of report (Date of earliest event reported):
April 24, 2008
 
 
INVACARE CORPORATION
(Exact name of registrant as specified in its charter)
 
 
 Ohio
 001-15103
95-2680965 
(State or other jurisdiction of
incorporation or organization)
 (Commission File Number)
(IRS Employer Identification No)
 
 
 
One Invacare Way, P.O. Box 4028, Elyria, Ohio  44036
(Address of principal executive offices, including zip code) 
 
  (440) 329-6000
  (Registrant's telephone number, including area code)
  
_____________________________________________________________
 (Former name, former address and former fiscal year, if changed since last report)
                       


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 



Item 7.01. Regulation FD Disclosure.

On April 24, 2008, Invacare Corporation issued a press release responding to analysts' assessment of financial results for the quarter ended March 31, 2008. The press release is furnished herewith as Exhibit 99.1.
 

Item 9.01 Financial Statements and Exhibits.
 Exhibit Index 
   
 Exhibit Number 
 Description of Exhibit
 99.1  Press Release dated April 24, 2008



SIGNATURES

Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the registrant  has duly  caused  this  report  to be  signed  on its  behalf by the undersigned hereunto duly authorized.
 
  Invacare Corporation  
       
Date:  April 24, 2008
By:
/s/ Robert K. Gudbranson  
    Name:  Robert K. Gudbranson  
    Title:   Chief Financial Officer  
       


EX-99.1 2 exhibit.htm exhibit.htm
Exhibit 99.1

News Release                                                                           
Investor Inquiries:
Rob Gudbranson
(440) 329-6111
INVACARE RESPONDS TO ANALYSTS' ASSESSMENT OF FIRST QUARTER RESULTS

ELYRIA, Ohio (April 24, 2008) – Invacare Corporation (NYSE: IVC) reiterated that its quarterly results announced earlier today were on plan for the first quarter and that the Company remains confident in its projected range for adjusted earnings per share for the year with most of the earnings attributable to the second half of the year.  In its earlier announcement, Invacare noted that, because it does not provide quarterly earnings guidance, "the investor community may project quarterly earnings that vary from management's expectations."

A. Malachi Mixon, III, Invacare's Chairman and Chief Executive Officer, stated, "It appears that projections by some analysts for our first quarter, which the Company has never confirmed, have led to a sharp decline in Invacare's stock price which we do not believe is justified.  One analyst's report that termed our first quarter results as 'disappointing' and attributed those results to 'higher than expected' costs and expenses is not consistent with management's assessment.  As previously stated, our cost savings of $3.7 million in the first quarter were better than plan despite increased commodity costs, and gross margin improved compared to last year's first quarter."

Invacare Corporation (NYSE: IVC), headquartered in Elyria, Ohio, is the global leader in the manufacture and distribution of innovative home and long-term care medical products that promote recovery and active lifestyles.  The company has 5,900 associates and markets its products in 80 countries around the world.  For more information about the company and its products, visit Invacare website at www.invacare.com.

This press release contains forward-looking statements within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995.Terms such as “will,” “should,” “plan,” “intend,” “expect,” “continue,” “forecast”,” believe,” “anticipate” and “seek,” as well as similar comments, are forward-looking in nature. Actual results and events may differ significantly from those expressed or anticipated as a result of risks and uncertainties which include, but are not limited to, the following: possible adverse effects of being substantially leveraged, which could impact our ability to raise capital, limit our ability to react to changes in the economy or our industry or expose us to interest rate or event of default risks; changes in government and other third-party payer reimbursement levels and practices; consolidation of health care providers and our competitors; loss of key health care providers; ineffective cost reduction and restructuring efforts; inability to design, manufacture, distribute and achieve market acceptance of new products with higher functionality and lower costs; extensive government regulation of our products; lower cost imports; increased freight costs; failure to comply with regulatory requirements or receive regulatory clearance or approval for our products or operations in the United States or abroad; potential product recalls; uncollectible accounts receivable; difficulties in implementing a new Enterprise Resource Planning system; legal actions or regulatory proceedings and governmental investigations; product liability claims; inadequate patents or other intellectual property protection; incorrect assumptions concerning demographic trends that impact the market for our products; provisions in our bank credit agreement or other debt instruments that may prevent or delay a change in control; the loss of the services of our key management and personnel; decreased availability or increased costs of raw materials which could increase our costs of producing our products; inability to acquire strategic acquisition candidates because of limited financing alternatives; risks inherent in managing and operating businesses in many different foreign jurisdictions; exchange rate fluctuations, as well as the risks described from time to time in Invacare’s reports as filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.

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