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Dec 31, 2024

Zimmer Biomet Q4 2024 Earnings Report

Zimmer Biomet reported fourth quarter and full-year results, exceeding financial guidance and making strategic moves towards portfolio diversification.

Key Takeaways

Zimmer Biomet announced Q4 2024 net sales of $2.023 billion, a 4.3% increase, with diluted earnings per share at $1.20 and adjusted diluted earnings per share at $2.31. Full-year net sales reached $7.679 billion, up 3.8%, with diluted earnings per share at $4.43 and adjusted diluted earnings per share at $8.00. The company also provided full-year 2025 financial guidance and announced an agreement to acquire Paragon 28.

Fourth quarter net sales increased by 4.3% to $2.023 billion, or 4.9% on a constant currency basis.

Diluted earnings per share for the fourth quarter were $1.20, with adjusted diluted earnings per share at $2.31.

Full-year net sales reached $7.679 billion, representing a 3.8% increase, or 4.8% on a constant currency basis.

Full-year diluted earnings per share were $4.43, and adjusted diluted earnings per share were $8.00.

Total Revenue
$2.02B
Previous year: $1.94B
+4.3%
EPS
$2.31
Previous year: $2.2
+5.0%
Gross Profit
$1.44B
Previous year: $1.4B
+2.5%
Cash and Equivalents
$526M
Previous year: $416M
+26.4%
Free Cash Flow
$643M
Previous year: $758M
-15.2%
Total Assets
$21.4B
Previous year: $21.5B
-0.6%

Zimmer Biomet

Zimmer Biomet

Zimmer Biomet Revenue by Segment

Forward Guidance

The Company is providing the following full-year 2025 financial guidance: Projected Year Ending December 31, 2025 2025 Reported Revenue Change 1.0% - 3.5% Foreign Currency Exchange Impact (2.0)% - (1.5)% 2025 Constant Currency Revenue Change 3.0% - 5.0% Adjusted Diluted EPS(1) $8.15 - $8.35

Positive Outlook

  • Projected Year Ending December 31, 2025
  • 2025 Reported Revenue Change 1.0% - 3.5%
  • Foreign Currency Exchange Impact (2.0)% - (1.5)%
  • 2025 Constant Currency Revenue Change 3.0% - 5.0%
  • Adjusted Diluted EPS(1) $8.15 - $8.35

Revenue & Expenses

Visualization of income flow from segment revenue to net income