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Sep 30, 2024
ZimVie Q3 2024 Earnings Report
Reported third quarter results, noting revenue growth in North America, manufacturing efficiencies, and increased adoption of digital offerings.
Key Takeaways
ZimVie reported third-party net sales of $103.2 million, a decrease of 2.0% compared to the third quarter of 2023. The company's net loss was $(3.0) million, an improvement of $7.2 million year-over-year, with a GAAP diluted EPS of $(0.11) and an adjusted diluted EPS of $0.12.
Third party net sales were $103.2 million.
Net loss was $(3.0) million with a net loss margin of (3.0%).
Adjusted EBITDA was $13.1 million with an adjusted EBITDA margin of 12.7%.
GAAP diluted EPS was $(0.11) and adjusted diluted EPS was $0.12.
Revenue by Geographic Location
Forward Guidance
ZimVie updated its full year 2024 financial guidance for continuing operations.
Positive Outlook
- Net Sales $450M to $455M
- Adjusted EBITDA $60M to $62M
- Adjusted EPS $0.57 to $0.62
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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