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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.
ZimVie
ZimVie
ZimVie Revenue by Geographic Location
Revenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com 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