Zimmer Biomet Holdings (ZBH) Tops Q1 EPS by 1c, Revenues Beat

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Zimmer Biomet Announces First Quarter 2019 Financial Results

April 26, 2019 6:00 AM EDT

WARSAW, Ind., April 26, 2019 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) today reported financial results for the quarter ended March 31, 2019.  The Company reported first quarter net sales of $1.976 billion.  The effect of foreign currency exchange negatively impacted first quarter net sales by 2.8%, resulting in a reported net sales decrease of 2.1% from the prior year period.  First quarter net sales increased 0.7% on a constant currency basis.  Net earnings for the first quarter were $246 million and $384 million on an adjusted basis.  Diluted earnings per share for the first quarter were $1.20, an increase of 41.2% over the prior year... More