NASDAQ$ZIMV
ZimVie Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
ZimVie's second quarter performance was solid with revenue of $224.9 million and adjusted EPS of $0.17.
ZimVie reported third-party net sales of $224.9 million, a decrease of 3.6% compared to the second quarter of 2022. The company's net loss was $23.4 million, or ($0.89) per share, while adjusted diluted EPS was $0.17. Adjusted EBITDA was $29.7 million, representing 13.2% of third-party net sales.
- Third party net sales of $224.9 million
- Net loss of ($23.4) million; Net Loss Margin of (10.4%); Adjusted Net Income of $4.3 million
- Diluted EPS of ($0.89); Adjusted Diluted EPS of $0.17
- Adjusted EBITDA of $29.7 million; Adjusted EBITDA margin of 13.2%
Headline financials
Revenue & EPS history
ZimVie · Revenue · Quarterly
$225M
Forward guidance
ZimVie updated its full year 2023 guidance, projecting net sales of $850 million to $870 million, an adjusted EBITDA margin of 13.5% to 14.0%, and adjusted EPS of $0.50 to $0.70.
Tailwinds
- Net sales are expected to be between $850M and $870M
- Adjusted EBITDA margin is expected to be between 13.5% and 14.0%
- Adjusted EPS is expected to be between $0.50 and $0.70
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
-1.7%
Avg return
Earnings day
-3.4%
Avg return
5 days after
-5.3%
Avg return
30 days after
44%
8 / 18 earnings
Positive
+24.0%
Q1 2023
Best reaction
-49.0%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | -0.4% | -0.1% | +0.1% | |
| Q1 2025 | -4.4% | -4.8% | +2.2% | |
| Q4 2024 | -1.7% | +3.1% | -11.9% | |
| Q3 2024 | +0.6% | +5.5% | +6.2% | |
| Q2 2024 | -18.2% | -19.0% | -17.9% | |
| Q1 2024 | +5.7% | +4.8% | +0.8% | |
| Q4 2023 | -14.4% | -13.4% | -16.9% | |
| Q3 2023 | +5.4% | — | — | |
| Q2 2023 | -6.0% | — | — | |
| Q1 2023 | +24.0% | — | — | |
| Q4 2022 | -49.0% | — | — | |
| Q3 2021 | +20.0% | — | — | |
| Q3 2022 | +20.0% | — | — | |
| Q2 2021 | -8.2% | — | — | |
| Q2 2022 | -8.2% | — | — | |
| Q1 2021 | -6.5% | — | — | |
| Q4 2021 | +5.1% | — | — | |
| Q4 2020 | +5.1% | — | — |
Discussion
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