You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • August sees rise in CEO departures
    The pace of company chiefs in the U.S. leaving their jobs picked up in August, according to a report released last week by outplacement firm Challenger, Gray & Christmas Inc.
  • Hiring in state rises with national trend
    Bank officials in Indiana have stepped up risk and compliance hiring and training. Angie Dvorak is assistant vice president of public relations for 1st Source Corp. of South Bend.
  • Insurance firms seen as savior of pensions
    Does it make sense for local governments to turn over the assets of their employee pension plans to insurance companies, who would in turn make monthly payments to retirees?
Advertisement

Zimmer reports annual earnings

Sherry Slater

The Journal Gazette

Zimmer Holdings Inc. today reported annual earnings of $761 million, or $4.43 per diluted common share, less than a 1 percent increase compared to the $755 million, or $4.29 a share, posted for 2012.

The Warsaw-based orthopedic devices maker reported annual net sales of $4.62 billion, a 3 percent increase over the prior year.

Zimmer also reported fourth-quarter earnings of $235.9 million, or $1.36 per diluted common share, a 55 percent jump from the $152.8 million, or 88 cents a share, posted for the prior year’s fourth quarter. Net sales were $1.24 billion, a 5 percent increase.

The company paid $718.8 million to repurchase 9.1 million shares during 2013. Zimmer also reported more than $216 million in special items for the year. Items included global restructuring, certain litigation and recent acquisitions.

sslater@jg.net

Advertisement