Zimmer Biomet Enjoys Stability in Fourth Quarter, but Robust Growth May Take Time
Zimmer Biomet reported solid fourth-quarter results that generally met our expectations, and we’re leaving our fair value estimate unchanged at this point. While the firm has managed to stem declines and implement a plan to address the regulatory and supply issues that have dogged Zimmer Biomet since late 2016, these glitches have yet to be put to bed and continue to weigh on the firm’s ability to ramp up growth. However, we’re reassured that new CEO Bryan Hanson, who has been hearing from ortho...Zimmer Biomet Holdings is engaged in musculoskeletal healthcare. The company's products are: Knees, which includes knee replacement surgeries; Hips, which includes hip replacement surgeries; S.E.T., which includes surgical, sports medicine, biologics, foot and ankle, extremities and trauma products; Spine and Craniomaxillofacial and Thoracic, which designs, manufactures and distributes medical devices and surgical instruments, as well as provides face and skull reconstruction products; Dental, which manufactures and/or distributes dental reconstructive implants, dental prosthetic products and dental regenerative products; and Other, which includes bone cement and office based technology products.
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