secwatch.observer — SEC 8-K summary
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Issuer:     ZimVie Inc. (—)
CIK:        0001876588
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001193125-24-134207
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZimVie Q1 net sales $118.2M, net loss ($11.5M); completed spine sale for $375M, repaid $275M debt
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- Q1 net sales from continuing ops $118.2M, down 1.6% YoY; net loss ($11.5M) improved from ($16.4M) YoY.
- Adjusted EBITDA $12.5M (10.5% margin) vs $10.7M (8.8% margin) in Q1 2023; adjusted EPS $0.08.
- On April 1, 2024, closed sale of spine business for $375M and repaid $275M of debt.
- FY 2024 guidance: net sales $450M-$460M, adjusted EBITDA $60M-$65M, adjusted EPS $0.55-$0.70.
- Company refocused as pure-play dental; weighted average shares 27.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1876588/000119312524134207/0001193125-24-134207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1876588/000119312524134207/d825203d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-134207

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