Zimmer Biomet Holdings (ZBH) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the previous quarter. It also grew compared to the same period one year earlier.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the previous quarter. It also grew compared to the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+10.6%
Change from the immediately preceding quarter.
Year-over-year
+6.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.4B
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 |
|---|---|---|
| Mar 31, 2023 | $1.8B | +10.1% |
| Jun 30, 2023 | $1.9B | +4.9% |
| Sep 30, 2023 | $1.8B | +5.0% |
| Dec 31, 2023 | $1.9B | +6.3% |
Revenue performance
The company reported higher revenue in the quarter. The filing noted that cash flow from operations improved, supported by higher earnings, while inventory investments also increased.
Quarterly comparison
Revenue rose relative to the immediately preceding quarter. Compared to the same quarter one year earlier, revenue was also higher.
What to watch
Monitor the trend in inventory investments, which increased during the year according to the filing.