Zimmer Biomet Holdings (ZBH) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter but increased relative to the same quarter one year earlier. The sequential decline followed a period of growth in the prior quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to the immediately preceding quarter but increased relative to the same quarter one year earlier. The sequential decline followed a period of growth in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-6.2%
Change from the immediately preceding quarter.
Year-over-year
+5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.8B | +2.7% |
| Mar 31, 2023 | $1.8B | +10.1% |
| Jun 30, 2023 | $1.9B | +4.9% |
| Sep 30, 2023 | $1.8B | +5.0% |
Revenue performance
The reported revenue direction was down from the prior quarter, marking a reversal from the sequential growth seen in the previous period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue warrants attention given the prior quarter's growth trajectory.