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Zimmer Holdings, Inc. Reports First Quarter 2013 Financial Results
Date:4/25/2013

WARSAW, Ind., April 25, 2013 /PRNewswire/ --

  • Net Sales of $1,139 million represent a decrease of 0.2% reported from the prior year period (an increase of 1.0% constant currency)
  • Diluted EPS for the first quarter were $1.28 reported, an increase of 9.4% over the prior year period, and $1.41 adjusted, an increase of 8.5% over the prior year period
  • Company reaffirms constant currency revenue and EPS guidance and updates reported revenue guidance for 2013
  • Zimmer Holdings, Inc. (NYSE: ZMH; SIX: ZMH) today reported financial results for the quarter ended March 31, 2013.  The Company reported first quarter net sales of $1,139 million, a decrease of 0.2% reported and an increase of 1.0% constant currency over the first quarter of 2012.  The first quarter of 2013 included two fewer billing days in a number of key markets, including the United States, compared with the prior year period.  Diluted earnings per share for the quarter were $1.28 reported and $1.41 adjusted, an increase of 8.5% adjusted over the prior year period.

    "We achieved our financial commitments in the first quarter, including leveraged earnings per share growth," said David Dvorak, Zimmer President and CEO.  "During the quarter, we continued to deliver value to stockholders through the introduction of significant new product offerings across the portfolio, as well as through an increased dividend and share repurchases.  The foundational work completed in the quarter positions Zimmer for accelerated top-line growth for the balance of 2013."Net earnings for the first quarter were $218.6 million on a reported basis and $240.8 million on an adjusted basis, an increase of 4.1% adjusted over the prior year period.  Operating cash flow for the first quarter was $180.5 million. 

    During the quarter, the Company utilized $392.0 million of cash to
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    SOURCE Zimmer Holdings, Inc.
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