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ZimVie Q1 2025 Earnings Report
ZimVie reported a decrease in net sales and a significant improvement in net loss for the first quarter of 2025.
Key Takeaways
ZimVie Inc. reported first quarter 2025 financial results with net sales of $112.0 million, a 5.2% decrease from the prior year. The company significantly improved its net loss, reducing it to $(2.6) million from $(11.5) million in the first quarter of 2024. Adjusted EBITDA also saw a substantial increase.
Net Sales from Continuing Operations were $112.0 million, a decrease of 5.2% reported and 4.1% in constant currency compared to Q1 2024.
Net Loss from Continuing Operations improved significantly to $(2.6) million from $(11.5) million in Q1 2024, with the net loss margin improving by 740 basis points.
Adjusted EBITDA from Continuing Operations increased to $17.6 million, or 15.7% of net sales, up $5.1 million or 520 basis points from Q1 2024.
Adjusted diluted EPS from Continuing Operations was $0.27, compared to GAAP diluted EPS of $(0.09).
Revenue by Geographic Location
Forward Guidance
ZimVie provided financial guidance for the full year ending December 31, 2025, projecting net sales between $445 million and $460 million, adjusted EBITDA between $65 million and $70 million, and adjusted EPS between $0.80 and $0.95.
Positive Outlook
- Projected Adjusted EBITDA of $65M to $70M indicates expected profitability.
- Projected Adjusted EPS of $0.80 to $0.95 suggests positive earnings per share.
- Management is focused on execution and operational diligence.
- Intention to drive operational efficiency and profitability improvements.
- Striving towards a return to top-line growth.
Challenges Ahead
- Net Sales guidance of $445M to $460M is lower than previous year's reported sales, indicating continued revenue decline.
- Forward-looking non-GAAP financial measures are not quantitatively reconciled to GAAP, implying potential material differences.
- The company acknowledges risks such as dependence on new product development and pricing pressures.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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