Five things to know:
1. Total revenue grew 10.1 percent year-over-year.
2. Knee sales were $762.5 million, a 15 percent increase from the firts quarter of 2022. Hip sales rose 9.3 percent with $492.8 million.
3. Sports medicine, extremities, trauma, craniomaxillofacial and thoracic sales were $433.4 million, a 4 percent increase year-over-year.
4. Zimmer Biomet is raising its 2023 guidance and projecting a 5 percent to six percent increase if full-year revenue compared to 2022.
5. The company saw net earnings of $232.5 million.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
