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Zimmer Reports Fourth Quarter and 2009 Financial Results
Date:1/28/2010

million of authorization remained under the Company's $1.25 billion repurchase program, which expires on December 31, 2010.

During the quarter, the Company recorded a goodwill impairment charge of $73.0 million net of tax or $0.35 per diluted share related to its U.S. Spine reporting unit.  A combination of factors has contributed to a decrease in the implied fair value of the U.S. Spine reporting unit compared with prior year.

Guidance

The Company expects full-year revenues for 2010 to increase between 3% and 5% on a constant currency basis.  Assuming foreign currency exchange rates remain near year-end 2009 levels, the Company estimates that foreign currency translation will increase revenues by approximately 1% for the full year 2010, resulting in reported revenue growth between 4% and 6%.  Full-year 2010 adjusted diluted earnings per share are projected to be in a range of $4.15 to $4.35.

Conference Call

The Company will conduct its fourth quarter 2010 investor conference call today, January 28, 2010, at 8:00 a.m. Eastern Time.  The live audio webcast can be accessed via Zimmer's Investor Relations website at http://investor.zimmer.com.  It will be archived for replay following the conference.

Individuals who wish to dial into the conference call may do so at (866) 530-8387.  International callers should dial (706) 634-6422.  A digital recording will be available two hours after the completion of the conferen
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SOURCE Zimmer Holdings, Inc.
Copyright©2010 PR Newswire.
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