ZimVie Expects Q1 Net Sales: Continuing Operations Of $115M-$118M, Discontinued Operations Of $89M-$91M
Portfolio Pulse from Benzinga Newsdesk
ZimVie expects Q1 net sales from continuing operations to be between $115M-$118M, and from discontinued operations between $89M-$91M. The company has raised its financial targets for the 12 months following the spine sale, projecting over $455M in net sales and an adjusted EBITDA margin of over 15%.
February 28, 2024 | 10:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ZimVie expects Q1 net sales from continuing operations to be between $115M-$118M, and from discontinued operations between $89M-$91M. The company has raised its financial targets for the 12 months following the spine sale, projecting over $455M in net sales and an adjusted EBITDA margin of over 15%.
The positive adjustment in financial targets, especially the increase in net sales and EBITDA margin projections, is likely to be viewed favorably by investors. This could lead to increased investor confidence and potentially a positive impact on ZimVie's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100