Zimmer Holdings Inc. released its fourth quarter and 2009 financial results Thursday.
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."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
