NASDAQ$ZIMV

ZimVie Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

ZimVie's financial performance decreased due to macroeconomic pressures and operational disruptions, but was partially offset by cost savings initiatives.

ZimVie reported a decrease in third-party net sales for Q4 2022, driven by declines in both the dental and spine segments. The net loss decreased compared to the previous year, while adjusted net income increased. The company launched several innovative products and drove operational progress.

  • Third party net sales for the fourth quarter of 2022 were $228.2 million, a decrease of (12.4%) on a reported basis.
  • Third party dental segment net sales of $115.8 million decreased by ($9.6) million, or (7.6%) on a reported basis.
  • Third party spine segment net sales of $112.3 million decreased by ($22.9) million, or (16.9%) on a reported basis.
  • Net loss for the fourth quarter of 2022 was ($30.3) million, a decrease of $30.3 million versus the net loss of ($60.7) million in the fourth quarter of 2021.

Headline financials

Total Revenue

$229M

Previous: $262M-12.4%
EPS (adj)

$0.16

Previous: -$2.33+106.9%
Adjusted EBITDA

$28.1M

No prior period
Adjusted EBITDA Margin

12.3%

No prior period
Net Income

-$30.3M

Previous: -$60.7M+50.1%
Operating Income

-$24.4M

Previous: -$65.3M+62.6%
Gross Profit

$155M

Previous: $136M+14.1%
Cash & Equivalents

$89.6M

Previous: $100M-10.8%
Total Assets

$1.64B

Previous: $1.83B-10.1%
Stock-Based Comp

$5.31M

Previous: $4.37M+21.5%

Revenue & EPS history

ZimVie · Revenue · Quarterly

$229M

Q4 2022-12.4%vs Q4 2021
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

ZimVie provided its full year 2023 financial guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 6 quarterly earnings reports

Historical avg

-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

Earnings price reactions
QuarterReport dateReaction (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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