Zimmer Biomet Reports 2015 Earnings

Posted: Updated:
Indiana's medical device industry is widely known as one of the strongest in the world. Indiana's medical device industry is widely known as one of the strongest in the world.
WARSAW -

Zimmer Biomet Holdings Inc. (NYSE: ZBH) is reporting net earnings of $49.7 million in 2015, compared with $720.3 million in 2014. Chief Executive Officer David Dvorak says the company is positioned for growth in 2016.

The company is also reporting fourth quarter net earnings of $29.7 million, compared with $153.8 million during the same period in the previous year. It also saw net sales of $6 billion in 2015, which is an increase of over 28 percent over 2014.

"At the close of a transformational year for Zimmer Biomet, we achieved top line growth supported by sequential improvement from our joint reconstructive and S.E.T. businesses in the U.S.," said Dvorak. "In addition, we finished the year with strong earnings results, as we continued to execute on our global integration plans."

The company closed on a merger between Zimmer Holdings Inc. and Biomet Inc. in June. Dvorak called the $13 billion deal a "momentous achievement."

  • Perspectives

    • How to Find a New Audience After Hitting a Marketing Plateau

      It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.

    More

Events



  • Most Popular Stories

    • Eleven Fifty is headquartered at Launch Fishers.

      State to Launch 5G Hub in Downtown Indy

      The state of Indiana has announced plans for what it says is a first-of-its-kind 5G hub. Launching in October, the Indiana 5G Zone aims to "attract business, foster innovation and propel research and development in 5G-enabled advanced technologies." The hub will be located inside the new downtown Indianapolis headquarters of the nonprofit Eleven Fifty Academy. The Indiana 5G Zone will include a 3,000-square-foot research lab, which will be used to develop and test...

    • (photo courtesy of Wes Mills)

      Ethanol Plant to Stop Production, POET Blames EPA

      Ethanol production at an Indiana biofuels plant will be stopped and the owner blames Environmental Protection Agency policies and the oil refining industry. South Dakota-based POET Energy announced the plant in Cloverdale will be placed in “idle production” within several weeks, though no date has been set. The ethanol producer says 100’s of local jobs will be impacted, but the news release did not specifically mention “layoffs” at this point.

    • (Image courtesy of Northern Indiana Commuter Transportation District)

      Michigan City Commits $12M to South Shore Track Project

      The Michigan City Common Council has formally committed to contribute $12 million towards the proposed $416 million Double Track project for the South Shore commuter line. Our partners at The Times of Northwest Indiana report the council voted unanimously to pay $7 million upfront and finance the remaining $5 million through a 20-year bond issue. 

    • Fort Wayne Tops 'Hottest Real Estate Markets'

      Fort Wayne just opened its brand new riverfront Promenade Park to pomp and pageantry, hoping to make it a draw to Indiana’s second largest city. But now the Allen County community has something else to celebrate. The editors of Realtor.com declared Fort Wayne as the hottest real estate market in July for the entire country. 

    • Scott Kleine is one of the senior interns at Idea Co-op. (photo courtesy of NineStar Connect)

      Senior Interns Shining at Greenfield Coworking Space

      Wednesday was National Senior Citizen Day and three seniors are being celebrated for their contributions at a coworking space in Hancock County. Idea Co-op, which officially opened its doors earlier this year, has taken on three "senior interns" following a chance encounter at a local Kiwanis meeting in December. Jill Snyder, director of economic and business development for Idea Co-op operator NineStar Connect, says the men approached her with the goal of being involved in...