ZimVie reports Q3 EPS 12c, consensus 7c

Reports Q3 revenue $103.2M, consensus $101.4M…Adjusted EBITDA for the third quarter of 2024 was $13.1 million, or 12.7% of third party net sales, an increase of $0.9 million or 110 basis points versus the third quarter of 2023..”In the third quarter we saw an improvement to revenue growth in our largest market of North America, achieved manufacturing efficiencies, and saw increased adoption of our digital offerings,” said Vafa Jamali, President and Chief Executive Officer. “In addition to our continued focus on driving operational improvement, we made incremental investments in our sales force, R&D initiatives and training programs designed to ensure ZimVie (ZIMV) is well positioned for expansion into the future.”