NASDAQ$ZIMV
ZimVie Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
ZimVie's Q3 2023 performance was marked by progress in innovation and portfolio reshaping, alongside efforts to enhance operating efficiency and cash position.
ZimVie reported third-party net sales of $202.9 million, a decrease of 4.9% compared to the third quarter of 2022. The company experienced a net loss of $5.1 million, with a diluted EPS of ($0.19). Adjusted diluted EPS was $0.08. The company's cash and cash equivalents totaled $75.4 million as of September 30, 2023.
- Third party net sales reached $202.9 million, a decrease of 4.9% year-over-year.
- Net loss amounted to $5.1 million, with a net loss margin of (2.5%).
- Diluted EPS was ($0.19), while adjusted diluted EPS was $0.08.
- Cash and cash equivalents totaled $75.4 million at the end of the quarter.
Headline financials
Revenue & EPS history
ZimVie · Revenue · Quarterly
$203M
Forward guidance
ZimVie provided an update to its annual guidance for the year ending December 31, 2023, maintaining net sales expectations between $860 million and $870 million and adjusted EBITDA margin between 13.5% and 14.0%. Adjusted EPS guidance was narrowed to a range of $0.60 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
-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% | — | — |
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