Welcome to our dedicated page for Zimmer Biomet Holdings news (Ticker: ZBH), a resource for investors and traders seeking the latest updates and insights on Zimmer Biomet Holdings stock.
Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) is a preeminent global leader in musculoskeletal healthcare. Headquartered in Warsaw, Indiana, Zimmer Biomet has been at the forefront of advancing bone and joint health for nearly 90 years. The company designs, manufactures, and markets a comprehensive range of orthopedic implants and surgical equipment, addressing joint reconstruction, bone repair, sports medicine, spine, and dental reconstruction. Its innovative product portfolio includes the ROSA® Robotics systems for knee, hip, and shoulder replacements, and the TMINI Miniature Robotic System for total knee arthroplasty.
Zimmer Biomet's latest endeavors include the establishment of a dedicated Health Equity division in 2023, which aims to integrate health equity into the company's core strategies and operations. This division has already made significant strides by assembling a strategic advisory board and developing the Community Centered Care (C3) framework to increase patient access to quality care in underserved communities.
In addition, Zimmer Biomet has recently partnered with top pickleball organizations in the U.S., underscoring its commitment to joint health and well-being for the growing community of pickleball players. The company also announced a strategic alliance with CBRE Group, Inc. to expand orthopedic ambulatory surgery centers across the country, and a collaboration with RevelAi Health to commercialize AI-powered engagement solutions aimed at advancing value-based orthopedic care and health equity.
Financially, Zimmer Biomet has demonstrated robust performance, with first-quarter 2024 net sales amounting to $1.889 billion, a 3.2% year-over-year increase. The company continues to focus on innovation, operational excellence, and strategic partnerships to drive growth and enhance shareholder value. For more information, visit www.zimmerbiomet.com or follow them on LinkedIn and Twitter.
Zimmer Biomet Holdings, Inc. (NYSE: ZBH) has announced a conference call to discuss its second quarter earnings on August 2, 2022, at 8:30 a.m. ET. Investors can access the live webcast via the company's Investor Relations website, with a news release detailing the results available at 6:30 a.m. ET on the same day. The call will also be archived for future listening.
Zimmer Biomet continues to focus on improving mobility and health through its innovative medical technologies.
Zimmer Biomet Holdings has launched an independent 501(c)(3) organization named Movement is Life, Inc., aimed at addressing musculoskeletal health disparities among underserved populations. Founded in 2010, Movement is Life will focus on education, early intervention, and advocacy. The Zimmer Biomet Foundation has committed multi-million dollar support for operational costs. The inaugural Board consists of notable healthcare leaders, with Millicent Gorham appointed as Executive Director, ensuring continuity of current programs and expanding partnerships to enhance the coalition's impact.
Zimmer Biomet announced the appointment of Keri P. Mattox as Chief Communications and Administration Officer, effective May 26, 2022. In her expanded role, she will oversee the company's Environmental, Social and Governance (ESG) strategy alongside enhancing CEO visibility and engagement. Mattox has been with Zimmer Biomet since January 2020, previously serving as Senior Vice President of Investor Relations and Chief Communications Officer. Her experience includes roles at W2O Group and AmerisourceBergen, reinforcing a strategic focus on integrating communications and investor relations.
Zimmer Biomet Holdings, a global leader in medical technology, announced a quarterly cash dividend of $0.24 per share for Q2 2022. This dividend is payable on or about July 29, 2022, to stockholders of record as of the close of business on June 27, 2022. The company continues to emphasize its commitment to enhancing patient mobility and health through innovative products and integrated digital technologies. With over 90 years of experience, Zimmer Biomet aims to deliver high-quality solutions worldwide.
Zimmer Biomet appointed Paul Stellato as Vice President, Controller, and Chief Accounting Officer. Stellato brings over two decades of financial experience, previously serving as Vice President of Finance at Xylem Inc. His expertise spans controllership, FP&A, investor relations, and internal audit, bolstering Zimmer Biomet's leadership team. Suky Upadhyay, CFO, expressed confidence in Stellato's ability to advance the company's financial strategies. With a strong educational background, including a Bachelor’s from Villanova University and an MBA from NYU Stern, Stellato is also a Certified Public Accountant.
Zimmer Biomet introduced new artificial intelligence capabilities in its Omni Suite, aimed at enhancing surgical workflow efficiency. This intelligent operating room solution automates manual tasks, providing real-time workflow metrics through automatic recognition of key milestones, such as patient entry and anesthesia timing. The AI feature complements the existing ZBEdge technology, enhancing patient outcomes and surgical experiences. Currently available in the United States, the Omni Suite demonstrates Zimmer Biomet's commitment to innovation in medical technology.
Zimmer Biomet Holdings, Inc. (ZBH) reported first quarter 2022 net sales of $1.663 billion, marking a 3.9% increase year-over-year. Adjusted diluted earnings per share were $1.61, while diluted earnings per share stood at $0.35.
The company raised its full-year guidance, now projecting revenue growth of (1.5)% to 0.5% and adjusted diluted EPS of $6.65 to $6.85. The spinoff of ZimVie was completed on March 1, 2022, and notable innovations such as WalkAI™ were launched, enhancing the company's digital offerings.
Zimmer Biomet Holdings (NYSE: ZBH) will present at the BofA Securities Healthcare Conference on May 11, 2022, at 5:00 p.m. Eastern Time. The presentation will feature Chairman, President and CEO Bryan Hanson and Executive Vice President and CFO Suky Upadhyay. A live webcast will be available on the company's Investor Relations website and will be archived for later viewing. Zimmer Biomet is a leader in medical technology, focused on enhancing mobility and health through innovative products.
ZBH has scheduled its first-quarter earnings conference call for May 3, 2022, at 8:30 a.m. ET. A news release detailing financial results will be published at 6:30 a.m. ET on the same day. Investors can access the live audio webcast via the Investor Relations website. The conference call offers a dial-in option for participants in the U.S. and Canada. The archive of the webcast will be available post-conference. Zimmer Biomet operates in over 25 countries and sells in more than 100 countries.
Zimmer Biomet Holdings (ZBH) has launched WalkAI, an innovative AI model designed to predict patients' gait speed outcomes 90 days post-hip or knee surgery. Utilizing a proprietary algorithm and data from the ZBEdge database, WalkAI offers daily personalized predictions, helping healthcare professionals identify patients who may not follow typical recovery patterns. This model enhances patient care management through the mymobility platform and represents a significant step in Zimmer Biomet's AI strategy.
FAQ
What is the current stock price of Zimmer Biomet Holdings (ZBH)?
What is the market cap of Zimmer Biomet Holdings (ZBH)?
What does Zimmer Biomet do?
Where is Zimmer Biomet headquartered?
What are Zimmer Biomet's latest innovations?
What is Zimmer Biomet's focus on health equity?
How did Zimmer Biomet perform financially in the first quarter of 2024?
What are Zimmer Biomet's partnerships?
What is the ROSA® Robotics system?
What is the Community Centered Care (C3) framework?
What is Zimmer Biomet's role in pickleball?