Zimvie Inc. ( (ZIMV) ) has realeased its Q3 earnings. Here is a breakdown of the information Zimvie Inc. presented to its investors.
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ZimVie Inc. is a global leader in the life sciences sector, specializing in the dental market. The company focuses on developing and delivering products for dental tooth replacement and restoration procedures, including dental implants, biomaterials, and digital workflow solutions.
In their third-quarter 2024 financial report, ZimVie Inc. reported net sales from continuing operations amounting to $103.2 million. The company also recorded a net loss of $3.0 million, showing improvement from the previous year’s net loss of $10.2 million. Despite the sales decrease, the company highlighted growth in North America and efficiency gains in manufacturing.
Key financial metrics include an adjusted EBITDA of $13.1 million with a margin of 12.7%, and an adjusted net income of $3.3 million, marking a significant improvement from last year. Adjusted diluted EPS stood at $0.12. These results reflect the company’s strategic focus on operational improvements, including investments in sales force and R&D initiatives.
Looking forward, ZimVie Inc. has projected net sales for the full year 2024 to be in the range of $450 million to $455 million, with adjusted EBITDA expected between $60 million and $62 million. The company is optimistic about its positioning for future growth, driven by continued investments and a focus on expanding its market presence.
