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ZimVie Reports Fourth Quarter and Full Year 2024 Financial Results
ZIMVZimVie (ZIMV) GlobeNewswire·2025-02-26 21:05

Core Insights - ZimVie Inc. reported a transformational year in 2024, becoming a pure play dental company and reducing net debt by over 290million[2]−ThecompanyachievedanincreaseinAdjustedEBITDAmarginsbyover4percentagepointsinQ42024comparedtoQ42023,despiteasofterendmarket[2]−ZimVieisoptimisticaboutthelong−termgrowthdriversinthedentalimplantmarket,supportedbysuccessfultrainingandeducationprograms[2]FinancialPerformance−Q42024−Third−partynetsalesforQ42024were290 million [2] - The company achieved an increase in Adjusted EBITDA margins by over 4 percentage points in Q4 2024 compared to Q4 2023, despite a softer end market [2] - ZimVie is optimistic about the long-term growth drivers in the dental implant market, supported by successful training and education programs [2] Financial Performance - Q4 2024 - Third-party net sales for Q4 2024 were 111.5 million, a decrease of 1.4% on a reported basis and 0.9% in constant currency compared to Q4 2023 [3] - The net loss for Q4 2024 was (9.7)million,animprovementof(9.7) million, an improvement of 12.5 million from a net loss of (22.2)millioninQ42023[4]−AdjustednetincomeforQ42024was(22.2) million in Q4 2023 [4] - Adjusted net income for Q4 2024 was 7.6 million, an increase of 5.0millionfromQ42023[4]FinancialPerformance−FullYear2024−Totalthird−partynetsalesforthefullyear2024were5.0 million from Q4 2023 [4] Financial Performance - Full Year 2024 - Total third-party net sales for the full year 2024 were 449.7 million, a decrease of 1.6% on a reported basis and 1.2% in constant currency compared to 2023 [6] - The net loss for the full year 2024 was (33.8)million,animprovementof(33.8) million, an improvement of 22.2 million from a net loss of (56.0)millionin2023[7]−AdjustedEBITDAforthefullyear2024was(56.0) million in 2023 [7] - Adjusted EBITDA for the full year 2024 was 60.0 million, or 13.3% of third-party net sales, an increase of 9.2millionfrom2023[8]FinancialGuidancefor2025−ProjectednetsalesforFY2025areexpectedtobebetween9.2 million from 2023 [8] Financial Guidance for 2025 - Projected net sales for FY2025 are expected to be between 445 million and 460million,reflectingagrowthof(1460 million, reflecting a growth of (1%) to 2% [11] - Adjusted EBITDA for FY2025 is projected to be between 65 million and 70million,indicatinganincreaseof870 million, indicating an increase of 8% to 17% [11] - Adjusted EPS for FY2025 is expected to be between 0.80 and $0.95, representing a growth of 29% to 53% [11] Company Overview - ZimVie Inc. is a global leader in the dental market, focusing on developing and delivering products for dental tooth replacement and restoration procedures [13] - The company aims to improve smiles and confidence through its comprehensive portfolio, including dental implants and digital workflow solutions [13]