NYSE$ZBH

Zimmer Biomet Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Zimmer Biomet reported fourth quarter and full-year results, exceeding financial guidance and making strategic moves towards portfolio diversification.

Zimmer Biomet announced Q4 2024 net sales of $2.023 billion, a 4.3% increase, with diluted earnings per share at $1.20 and adjusted diluted earnings per share at $2.31. Full-year net sales reached $7.679 billion, up 3.8%, with diluted earnings per share at $4.43 and adjusted diluted earnings per share at $8.00. The company also provided full-year 2025 financial guidance and announced an agreement to acquire Paragon 28.

  • Fourth quarter net sales increased by 4.3% to $2.023 billion, or 4.9% on a constant currency basis.
  • Diluted earnings per share for the fourth quarter were $1.20, with adjusted diluted earnings per share at $2.31.
  • Full-year net sales reached $7.679 billion, representing a 3.8% increase, or 4.8% on a constant currency basis.
  • Full-year diluted earnings per share were $4.43, and adjusted diluted earnings per share were $8.00.

Headline financials

Total Revenue

$2.02B

Previous: $1.94B+4.3%
EPS (adj)

$2.31

Previous: $2.20+5.0%
Constant Currency Sales Growth

6.6%

No prior period
Organic Constant Currency Sales Growth

5.0%

No prior period
Reported Revenue Change

1.7%

No prior period
Capital Expenditures

$104M

Previous: $170M-39.1%
Net Income

$239M

Previous: $419M-42.9%
Operating Income

$389M

Previous: $354M+9.8%
Gross Profit

$1.44B

Previous: $1.4B+2.5%
R&D Expense

$108M

Previous: $113M-4.3%

Revenue & EPS history

Zimmer Biomet · Revenue · Quarterly

$2.02B

Q4 2024+4.3%vs Q4 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Zimmer Biomet · $1.59B total across 3 segments · Q3 2023

  • Knees Net Sales
    $706M+7.5%
  • Hips Net Sales
    $465M-0.6%
  • S.E.T. Net Sales
    $423M+3.4%

Forward guidance

The Company is providing the following full-year 2025 financial guidance: Projected Year Ending December 31, 2025 2025 Reported Revenue Change 1.0% - 3.5% Foreign Currency Exchange Impact (2.0)% - (1.5)% 2025 Constant Currency Revenue Change 3.0% - 5.0% Adjusted Diluted EPS(1) $8.15 - $8.35

Tailwinds

  • Projected Year Ending December 31, 2025
  • 2025 Reported Revenue Change 1.0% - 3.5%
  • Foreign Currency Exchange Impact (2.0)% - (1.5)%
  • 2025 Constant Currency Revenue Change 3.0% - 5.0%
  • Adjusted Diluted EPS(1) $8.15 - $8.35

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.4%

Avg return

Earnings day

-1.7%

Avg return

5 days after

-2.3%

Avg return

30 days after

42%

30 / 72 earnings

Positive

+11.9%

Q3 2020

Best reaction

-15.3%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%-10.5%-11.5%
Q4 2025+1.9%+7.5%+3.2%
Q3 2025-15.2%-14.0%-8.6%
Q1 2025-11.6%-7.0%-10.7%
Q4 2024-5.1%-8.6%-0.2%
Q3 2024+2.9%+4.4%+7.9%
Q2 2024-0.8%-2.3%-4.3%
Q1 2024+1.8%+1.6%-3.7%
Q4 2023-3.7%-3.4%-0.6%
Q3 2023-4.1%-3.5%+7.3%
Q2 2023-7.1%-8.6%-13.8%
Q1 2023+0.6%-0.7%-8.3%
Q4 2022+0.9%+2.6%-0.9%
Q3 2022-5.7%-3.9%+10.0%
Q2 2022+5.3%+3.2%-2.7%
Q1 2022+4.7%-0.3%+1.2%
Q4 2021-2.4%-5.4%-1.4%
Q3 2021-4.8%-9.7%-18.5%
Q2 2021-9.1%-8.6%-8.5%
Q1 2021-2.5%-3.1%-10.1%
Q4 2020-0.6%-0.2%-1.4%
Q3 2020+11.9%+7.2%+7.0%
Q2 2020-1.5%+2.7%+3.5%
Q1 2020-6.8%-7.8%+10.2%
Q4 2019+6.2%+5.3%-13.0%
Q3 2019+4.9%+5.5%+8.1%
Q2 2019+8.6%+9.1%+7.9%
Q1 2019-3.1%-2.8%-8.2%
Q4 2018+7.8%+7.9%+14.5%
Q3 2018-5.6%-7.0%-7.7%
Q2 2018+8.0%+7.1%+7.1%
Q1 2018+5.7%+5.8%+0.4%
Q4 2017-0.2%-1.3%-10.9%
Q3 2017-7.7%-10.1%-5.8%
Q2 2017-3.8%-6.5%-12.1%
Q1 2017-4.5%-3.7%-4.9%
Q4 2016+2.7%+2.4%+2.3%
Q3 2016-15.3%-15.9%-16.9%
Q2 2016+6.9%+6.4%+5.6%
Q1 2016-0.1%
Q4 2015-2.3%
Q3 2015+6.8%
Q2 2015-2.7%
Q1 2015-4.3%
Q4 2014-2.1%
Q3 2014+5.1%
Q2 2014-2.3%
Q1 2014+9.9%
Q4 2013+0.8%
Q3 2013-3.3%
Q2 2013+0.5%
Q1 2013+0.6%
Q4 2012-1.3%
Q3 2012+2.0%
Q2 2012-3.5%
Q1 2012-0.6%
Q4 2011-1.3%
Q3 2011+3.7%
Q2 2011-5.6%
Q1 2011+0.5%
Q4 2010+2.2%
Q3 2010+3.6%
Q2 2010-1.5%
Q1 2009-0.8%
Q1 2010+1.6%
Q4 2009-0.2%
Q3 2009+4.0%
Q3 2008+4.0%
Q4 2007-1.0%
Q2 2008-1.0%
Q2 2009-1.0%
Q4 2008-1.0%

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