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Mar 31, 2024
ZimVie Q1 2024 Earnings Report
ZimVie's financial performance decreased slightly with a net loss, but showed progress with adjusted EBITDA and EPS.
Key Takeaways
ZimVie reported a slight decrease in third-party net sales, a net loss of ($11.5) million, and an adjusted EBITDA of $12.5 million. The company completed the sale of its spine business and repaid a significant portion of its debt.
Third-party net sales from continuing operations were $118.2 million.
Net loss from continuing operations was ($11.5) million.
Adjusted EBITDA from continuing operations was $12.5 million.
The sale of the spine business was completed for $375 million, and $275 million of debt was repaid.
ZimVie
ZimVie
ZimVie Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
ZimVie projects net sales between $450M and $460M, adjusted EBITDA between $60M and $65M, and adjusted EPS between $0.55 and $0.70 for the year ending December 31, 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income