Zimmer Biomet generates $7.8B in 2017 sales, spine segment sees 14% growth

Mackenzie Garrity -  

Zimmer Biomet released its 2017 fourth quarter and full year financial results.

Here’s what you need to know:

 

1. Fourth quarter sales topped $2 billion, an increase of 3 percent compared to the fourth quarter on 2016. Zimmer Biomet’s fourth quarter net earnings totaled $1.25 billion.

 

2. Zimmer Biomet reported $7.82 billion in full-year 2017 sales, a 1.8 percent increase over the prior year. Net earnings for the full year grew to $1.8 billion.

 

3. The company reported a 1.5 percent increase in its fourth quarter spine sales, reaching $194 million in the fourth quarter.

 

4. Full-year 2017 spine sales reached $759 million, representing a 14.7 percent increase from 2016 sales.

 

5. Zimmer Biomet anticipates revenues in the first quarter of 2018 between $1.95 billion and $1.99 billion.

 

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