NASDAQ$ZIMV
ZimVie Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported third quarter results, noting revenue growth in North America, manufacturing efficiencies, and increased adoption of digital offerings.
ZimVie reported third-party net sales of $103.2 million, a decrease of 2.0% compared to the third quarter of 2023. The company's net loss was $(3.0) million, an improvement of $7.2 million year-over-year, with a GAAP diluted EPS of $(0.11) and an adjusted diluted EPS of $0.12.
- Third party net sales were $103.2 million.
- Net loss was $(3.0) million with a net loss margin of (3.0%).
- Adjusted EBITDA was $13.1 million with an adjusted EBITDA margin of 12.7%.
- GAAP diluted EPS was $(0.11) and adjusted diluted EPS was $0.12.
Headline financials
Revenue & EPS history
ZimVie · Revenue · Quarterly
$103M
Forward guidance
ZimVie updated its full year 2024 financial guidance for continuing operations.
Tailwinds
- Net Sales $450M to $455M
- Adjusted EBITDA $60M to $62M
- Adjusted EPS $0.57 to $0.62
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 Q3 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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