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Jun 30, 2023
ZimVie Q2 2023 Earnings Report
ZimVie's second quarter performance was solid with revenue of $224.9 million and adjusted EPS of $0.17.
Key Takeaways
ZimVie reported third-party net sales of $224.9 million, a decrease of 3.6% compared to the second quarter of 2022. The company's net loss was $23.4 million, or ($0.89) per share, while adjusted diluted EPS was $0.17. Adjusted EBITDA was $29.7 million, representing 13.2% of third-party net sales.
Third party net sales of $224.9 million
Net loss of ($23.4) million; Net Loss Margin of (10.4%); Adjusted Net Income of $4.3 million
Diluted EPS of ($0.89); Adjusted Diluted EPS of $0.17
Adjusted EBITDA of $29.7 million; Adjusted EBITDA margin of 13.2%
ZimVie
ZimVie
Forward Guidance
ZimVie updated its full year 2023 guidance, projecting net sales of $850 million to $870 million, an adjusted EBITDA margin of 13.5% to 14.0%, and adjusted EPS of $0.50 to $0.70.
Positive Outlook
- Net sales are expected to be between $850M and $870M
- Adjusted EBITDA margin is expected to be between 13.5% and 14.0%
- Adjusted EPS is expected to be between $0.50 and $0.70