ZimVie Inc. reported third quarter 2024 net sales from continuing operations of $103.2 million on October 30, 2024, surpassing estimates by $1.8 million. The company's net loss from continuing operations was $(3.0) million, resulting in a net loss margin of (3.0)%.
Adjusted diluted EPS from continuing operations reached $0.12, beating the consensus estimate of $0.07 by $0.05. Adjusted EBITDA from continuing operations was $13.1 million, translating to an adjusted EBITDA margin of 12.7%.
For the full year 2024, ZimVie provided updated guidance, expecting adjusted EPS to be between $0.57 and $0.62, which was above the consensus estimate of $0.54. This financial performance indicates operational improvements and a positive outlook for the remainder of the fiscal year.
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