Zimmer Holdings Announces Fourth-Quarter Results
July 28, 2016 at 4:25 p.m.
By Staff Report-
The company announced net sales of $1.11 billion for the fourth quarter, an increase of 7.5 percent over the prior year period.
Net sales of $4.10 billion for the full year represent a decrease of 0.6 percent reported from the prior year.[[In-content Ad]]"A solid performance in the fourth quarter enabled us to accomplish our major objectives for the year," said David Dvorak, Zimmer President and CEO. "We once again recorded year-over-year sales growth for the quarter in all three of our geographic reporting segments, driven by a 5.5 percent constant currency increase in our industry-leading knee-replacement business. The continued improvement in our reconstructive sales performance, combined with recent new product clearances, forms a foundation for sustained sales growth and leveraged earnings in 2010."
Diluted earnings per share for the year were $3.32 reported and $3.94 adjusted, a decrease of 2.7 percent adjusted from the prior year.
More information on Zimmer's finances can be found at http://investor.zimmer.com
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The company announced net sales of $1.11 billion for the fourth quarter, an increase of 7.5 percent over the prior year period.
Net sales of $4.10 billion for the full year represent a decrease of 0.6 percent reported from the prior year.[[In-content Ad]]"A solid performance in the fourth quarter enabled us to accomplish our major objectives for the year," said David Dvorak, Zimmer President and CEO. "We once again recorded year-over-year sales growth for the quarter in all three of our geographic reporting segments, driven by a 5.5 percent constant currency increase in our industry-leading knee-replacement business. The continued improvement in our reconstructive sales performance, combined with recent new product clearances, forms a foundation for sustained sales growth and leveraged earnings in 2010."
Diluted earnings per share for the year were $3.32 reported and $3.94 adjusted, a decrease of 2.7 percent adjusted from the prior year.
More information on Zimmer's finances can be found at http://investor.zimmer.com
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