August 13, 2022
1 min read
Zimmer Biomet has announced increased net sales in its second-quarter 2022 financial results, according to a company press release.
Zimmer Biomet reported $1.782 billion in net sales for the quarter, a 1% increase from the prior year period. The company also reported $153.7 million in net earnings for the quarter.
“Our performance in [quarter two] was well above our own internal expectations due to stronger than anticipated COVID recovery in the quarter and the continued execution from the [Zimmer Biomet] team across our regions and segments. Despite expected increased pressure from foreign exchange rates and inflation, we are once again updating our guidance,” Bryan Hanson, chair, president and CEO of Zimmer Biomet, said in the release. “We believe our focus on innovation and the transformation of our business continues to position us well for long-term growth and continued delivery for our shareholders,” Hanson added.
According to the release, the company is updating its full-year 2022 financial guidance to raise its previous projected ranges.