Transformation into a Pure-Play Dental Company
ZimVie successfully transformed into a pure-play dental company by selling its spine business, allowing it to fully focus on dental implants, biomaterials, and digital dentistry solutions.
Strong Cash Flow and Debt Reduction
Generated over $21 million in operating cash flow in Q4 and used proceeds from the spine business sale to significantly pay down debt.
Improved EBITDA Margins
Adjusted EBITDA margins improved by over two percentage points for the year, with a fourth quarter adjusted EBITDA of $18.4 million, translating to a 16.5% margin.
Growth in Digital Dentistry Portfolio
ZimVie's digital solutions, excluding scanner sales, grew over 10% for the year and over 20% in Q4. The Implant Concierge service grew 14% for the year.
Positive Adjusted Earnings Growth
Adjusted earnings per share for the year increased by 182% from $0.22 to $0.62.