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Jun 30, 2024
ZimVie Q2 2024 Earnings Report
ZimVie's financial performance remained stable with a slight decrease in net sales, while adjusted EBITDA and EPS showed improvement.
Key Takeaways
ZimVie reported a slight decrease in third-party net sales but showed improvement in adjusted EBITDA and adjusted EPS. The company reaffirmed its full-year guidance for net sales, adjusted EBITDA, and adjusted EPS.
Third party net sales were $116.8 million, a decrease of 1.5% on a reported basis.
Net loss was $(9.6) million, an increase of $3.7 million versus the prior year.
Adjusted EBITDA was $16.1 million, an increase of $2.7 million versus the prior year.
The company reduced debt to $235.1 million and ended the quarter with a cash balance of $78.6 million.
Revenue by Geographic Location
Forward Guidance
ZimVie reiterated its full year 2024 continuing operations financial guidance.
Positive Outlook
- Net Sales: $450 to $460M
- Adjusted EBITDA: $60M to $65M
- Adjusted EPS: $0.55 to $0.70
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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