Four notes:
1. Total third party net sales were a 4.1 percent decrease compared to the same time in 2022.
2. Spine sales fell 8.1 percent year-over-year with $104.9 million. Dental sales were about the same as the first quarter of 2022 with just over $120 million in sales.
3. ZimVie saw a $30 million net loss in the first quarter of 2023.
4. The company initiated a restructuring program which includes a 5 percent reduction in its global workforce and reductions in discretionary spending. This is expected to generate $17 million to $20 million in savings by 2024.
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.
