Zimmer Biomet Sees Improved Growth in 2Q; No Change to Our FVE
Zimmer Biomet delivered solid second-quarter results that were consistent with our expectations and remains on track to hit our full-year projections; we’re standing pat on our fair value. We were particularly pleased to see the firm meet its own deadline to restore inventory levels, especially in large joint reconstruction which remains the firm’s bread and butter. With supply constraints easing, Zimmer Biomet was better able to meet demand from its existing base of surgeons. Quarterly volume a...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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