Zimmer Biomet Reports Second Quarter Earnings Results for FY2023

August 9, 2023

🌥️Earnings Overview

On August 1 2023, ZIMMER BIOMET ($NYSE:ZBH) reported their earnings results for the second quarter of FY2023 that ended June 30 2023. Total revenue for the quarter was USD 1869.6 million, a 4.9% increase from the same quarter the prior year, while net income was USD 209.6 million, a 36.4% year-over-year increase.

Stock Price

The company’s stock opened at $131.1 and closed at $132.3, down 4.3% from its last closing price of 138.2. In addition to these financial results, Zimmer Biomet announced a number of strategic initiatives to improve its competitive position, such as the launch of new product lines, reorganization of its business segments, and investments in new technologies. At the same time, the company reported that it had taken steps to reduce costs and improve operational efficiencies. Overall, the results were largely in line with analysts expectations, but the stock market responded negatively to the news due to concerns about the company‚Äôs ability to execute on its strategic initiatives in a highly competitive market. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Zimmer Biomet. More…

    Total Revenues Net Income Net Margin
    7.2k 505.6 12.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Zimmer Biomet. More…

    Operations Investing Financing
    1.35k -590.2 -823.4
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Zimmer Biomet. More…

    Total Assets Total Liabilities Book Value Per Share
    21.29k 8.92k 59.25
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Zimmer Biomet are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    0.8% 23.2% 11.8%
    FCF Margin ROE ROA
    14.2% 4.3% 2.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we conducted an analysis on the fundamentals of ZIMMER BIOMET. Our Risk Rating system indicates that ZIMMER BIOMET is a high risk investment in terms of financial and business aspects. We have detected three risk warnings in the income sheet, balance sheet, and non-financial areas. If you are considering investing in ZIMMER BIOMET, we recommend that you register on goodwhale.com to investigate these risk warnings further, as well as to get a better overall understanding of the company’s fundamentals. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company operates in two segments, Reconstructive and Dental. It offers knee, hip, shoulder, elbow, hand and wrist, foot and ankle, and biologics products. The company also provides dental prosthetics, including dental implants and CAD/CAM systems; and digital equipment for dentists and laboratories. Zimmer Biomet has a market cap of $24.4 billion and is headquartered in Warsaw, Indiana.

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    Summary

    Zimmer Biomet reported strong earnings results for the second quarter of FY2023 ending June 30 2023. Total revenue increased 4.9% year-over-year, and net income rose 36.4%. Despite this, the stock price reacted negatively on the news, indicating that investors may have had higher expectations for the quarter. Nevertheless, it seems as though Zimmer Biomet is performing well financially, with impressive year-over-year growth in both top line and bottom line metrics.

    Given the recent dip in stock price, now might be a good time to consider investing in the company. Analysts are likely to provide more insight into Zimmer Biomet’s performance and future prospects in the coming weeks.

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