NASDAQ$ZIMV
ZimVie Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
ZimVie's financial performance remained stable with a slight decrease in net sales, while adjusted EBITDA and EPS showed improvement.
ZimVie reported a slight decrease in third-party net sales but showed improvement in adjusted EBITDA and adjusted EPS. The company reaffirmed its full-year guidance for net sales, adjusted EBITDA, and adjusted EPS.
- Third party net sales were $116.8 million, a decrease of 1.5% on a reported basis.
- Net loss was $(9.6) million, an increase of $3.7 million versus the prior year.
- Adjusted EBITDA was $16.1 million, an increase of $2.7 million versus the prior year.
- The company reduced debt to $235.1 million and ended the quarter with a cash balance of $78.6 million.
Headline financials
Revenue & EPS history
ZimVie · Revenue · Quarterly
$117M
Forward guidance
ZimVie reiterated its full year 2024 continuing operations financial guidance.
Tailwinds
- Net Sales: $450 to $460M
- Adjusted EBITDA: $60M to $65M
- Adjusted EPS: $0.55 to $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 · overlaid with Q2 2024
-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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