Zimmer Holdings Inc. reported its financial results for the quarter that ended June 30.
Second quarter net sales were $1.02 billion, a decrease of 5.5 percent reported currency from the second quarter of 2008. Net earnings for the quarter were $215.5 million on an adjusted basis, a decrease of 9 percent from the previous year.
Though the financial statements show a decrease in sales and profits from last year, David Dvorak, Zimmer president and CEO, said the results provide evidence that the business is stabilizing and restoring momentum.
"We achieved sequential improvement in revenue on a day-rate basis for the quarter in six of our seven product categories, including knees and hips," said Dvorak. "We are once again reaffirming our 2009 sales and earnings guidance."
Zimmer conducted its second-quarter 2009 investor conference call this morning, and the audio Web cast can be accessed via Zimmer's Investor Relations Web site at http://investor.zimmer.comZimmer Holdings Inc. reported its financial results for the quarter that ended June 30.
Second quarter net sales were $1.02 billion, a decrease of 5.5 percent reported currency from the second quarter of 2008. Net earnings for the quarter were $215.5 million on an adjusted basis, a decrease of 9 percent from the previous year.
Though the financial statements show a decrease in sales and profits from last year, David Dvorak, Zimmer president and CEO, said the results provide evidence that the business is stabilizing and restoring momentum.
"We achieved sequential improvement in revenue on a day-rate basis for the quarter in six of our seven product categories, including knees and hips," said Dvorak. "We are once again reaffirming our 2009 sales and earnings guidance."
Zimmer conducted its second-quarter 2009 investor conference call this morning, and the audio Web cast can be accessed via Zimmer's Investor Relations Web site at http://investor.zimmer.com
