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.