Solid Quarterly Performance
Zimmer Biomet delivered a solid quarter with sales growth of 2.8% on an organic constant currency basis, despite headwinds such as an 80 basis point selling day impact and international order delays.
Strong U.S. Hips and Knees Growth
U.S. Hips business grew 5.2% and U.S. Knees increased by 1.7%, showcasing strong domestic performance in these segments.
Updated Guidance and Confidence
Zimmer Biomet raised its 2025 adjusted EPS guidance to $8.10 to $8.30 from $7.90 to $8.10 and narrowed its organic constant currency revenue growth expectations to 3.5% to 4.5%.
Monogram Technologies Acquisition
Zimmer Biomet announced the acquisition of Monogram Technologies, a company with advanced AI-driven robotic capabilities, expected to be neutral to adjusted EPS from 2025 through 2027 and accretive thereafter.
Positive Pricing and Cash Flow Improvements
Consolidated pricing was positive, marking another quarter of positive pricing. Operating cash flows were $378 million, with free cash flow of $248 million, indicating strong cash management.