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| Press Release

Free Post Earnings Research Report: Zimmer Biomet’s Quarterly Sales Grew 3%; Topped Expectations

Stock Monitor: Natus Medical Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 09, 2018 / Active-Investors.com has just released a free earnings report on Zimmer Biomet Holdings, Inc. (NYSE: ZBH). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ZBH. Zimmer Biomet reported its fourth quarter and fiscal 2017 operating and financial results on January 30, 2018. The orthopedic device maker's earnings results were in-line with market estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for Natus Medical Incorporated (NASDAQ: BABY), which also belongs to the Healthcare sector as the Company Zimmer Biomet Holdings. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=BABY

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Zimmer Biomet Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ZBH

Earnings Highlights and Summary

Zimmer Biomet reported fourth quarter 2017 net sales of $2.07 billion, reflecting an increase of 3.0% over Q4 2016 net sales of $2.01 billion. The Company's reported numbers beat analysts' estimates of $2.03 billion.

Zimmer Biomet's full-year (FY) 2017 net sales were $7.82 billion, reflecting an increase of 1.8% over FY16 sales of $7.68 billion. The Company's FY17 revenues increased by 0.5% y-o-y on a constant currency basis, excluding approximately 130 basis points of contribution from the LDR Holding Corp.'s acquisition.

For Q4 2017, Zimmer Biomet's research and development (R&D) expense was 4.6% of revenue at $95.0 million compared to $95.7 million in Q4 2016. During Q4 2017, Zimmer Biomet recorded pretax charges of $668 million in special items, 150 million of which were cash outflows for quality remediation, business integration and other items, non-cash charges related to intangible amortization, certain legal matters, and the goodwill impairment write off related to the Company's spine business unit.

Zimmer Biomet reported net income of $1.26 billion, or $6.16 per diluted share, including a one-time tax benefit of approximately $6.40 per share, resulting from the recently enacted US tax reform legislation. The Company reported net income of $69.6 million, or $0.34 per diluted share, for Q4 2016. Zimmer Biomet's adjusted diluted earnings per share were $2.10 for Q4 2017, reflecting a 1.9% drop on a y-o-y basis.

For FY17, Zimmer Biomet reported net income of $1.84 billion, or $9.03 per diluted share, compared to $305.9 million, or $1.51 per diluted share, for FY16. The Company's adjusted diluted earnings per share were $8.03 for FY17, represent growth of 0.9% compared to the year ago same period.

Zimmer Biomet's Segment Results

During Q4 2017, the Knees segment's net sales grew 1.4% to $731 million on a y-o-y basis, primarily attributed to the stronger US market and increased demand for the Company's Persona Partial knee system.

For Q4 2017, the Hips division's sales advanced 3.5% to $499 million, driven by strong performance in the Asia/Pacific region where the Company had double digit sales growth. Zimmer Biomet's quarterly sales of its Taperloc G7 and Arcos systems improved, however, supply constraints continued to limit the Company's ability to meet the demand of these high growth brands.

During Q4 2017, the Surgical, Sports Medicine, Foot and Ankle, Extremities and Trauma (SET) sales grew 5.9% on a y-o-y basis with numerous products across this category contributing to growth. The Company's surgical portfolio recorded solid sales, while within upper extremities, the Company reported strong demand for the comprehensive shoulder.

Cash Matters

During Q4 2017, Zimmer Biomet's operating cash flow was $402.9 million. In the reported quarter, the Company paid $48.6 million in dividends and repaid $300.0 million of debt. For FY 2017, Zimmer Biomet paid $193.6 million in dividends and repaid approximately $1.250 billion of debt.

Outlook

For the first quarter of 2018, Zimmer Biomet is forecasting revenue in the range of $1.955 billion to $1.995 billion, representing a change of negative 1.0% to positive 1.0% compared to the prior year's same period, and negative 4.0% to negative 2.0% on a constant currency basis compared to the prior year's corresponding period. The Company is estimating earnings for the upcoming quarter to be in the band of $0.73 to $0.88 per share, and in a range of $1.84 to $1.91 per diluted share on an adjusted basis.

Stock Performance Snapshot

February 08, 2018 - At Thursday's closing bell, Zimmer Biomet's stock dropped 4.35%, ending the trading session at $115.53.

Volume traded for the day: 1.66 million shares, which was above the 3-month average volume of 1.45 million shares.

Stock performance in the last three-month – up 6.26%; and previous six-month period – up 2.37%

After yesterday's close, Zimmer Biomet's market cap was at $23.84 billion.

Price to Earnings (P/E) ratio was at 12.80.

The stock has a dividend yield of 0.83%.

The stock is part of the Healthcare sector, categorized under the Medical Appliances & Equipment industry.

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