Key Developments: Zimmer Holdings Inc (ZMH.N)

ZMH.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Zimmer Holdings Inc Acquires NORMED Medizin-Technik GmbH-DJ
Tuesday, 4 Jun 2013 07:01am EDT 

Dow Jones reported that Zimmer Holdings Inc has acquired Tuttlingen, Germany-based NORMED Medizin-Technik GmbH, a provider of technologies for the foot and ankle, hand and wrist reconstruction and trauma markets. NORMED develops a broad range of specialized plates, screws and instruments, including systems for bone reconstruction and fracture repair, fusion procedures and external fixation. The acquisition of NORMED will strengthen Zimmer's Extremities and Trauma product portfolios and new product development capabilities in the fast growing foot and ankle and hand and wrist segments.  Full Article

Zimmer Holdings Inc Reaffirms FY 2013 Guidance
Thursday, 25 Apr 2013 07:02am EDT 

Zimmer Holdings Inc reaffirmed its constant currency revenue guidance and its reported and adjusted EPS guidance for fiscal 2013. In addition, the Company updated its full-year reported revenue guidance for fiscal 2013. The Company continues to expect revenues for fiscal 2013 to increase between 2.5% and 4.5% on a constant currency basis from 2012. The Company now estimates that foreign currency translation will decrease revenues by approximately 1.5% for fiscal 2013, resulting in reported revenue growth between 1.0% and 3.0%. Previously, the Company had estimated foreign currency translation would decrease revenues by approximately 0.5%. The Company still projects fiscal 2013 diluted earnings per share to be in a range of $5.05 to $5.25 on a reported basis and $5.65 to $5.85 on an adjusted basis.  Full Article

Zimmer Holdings Inc Announces Quarterly Dividend For First Quarter Of 2013
Friday, 8 Mar 2013 07:00am EST 

Zimmer Holdings Inc announced that Board of Directors has approved the payment of an increased quarterly cash dividend to stockholders for the first quarter of 2013. The new payment represents an increase of 11% over the dividend paid for the first quarter of 2012. The increased quarterly cash dividend of $0.20 per share will be paid on April 26, 2013, to stockholders of record as of the close of business on March 29, 2013.  Full Article

Zimmer Holdings Inc Issues FY 2013 Guidance In Line With Analysts' Estimates; Sees FY 2013 Charge Guidance
Thursday, 31 Jan 2013 07:01am EST 

Zimmer Holdings Inc announced that it expects revenues for fiscal 2013 to increase between 2.5% and 4.5% on a constant currency basis. The Company estimates that foreign currency translation will decrease revenues by approximately 0.5% for the full year 2013, resulting in reported revenue growth between 2% and 4%. Full-year 2013 diluted earnings per share are projected to be in a range of $5.05 to $5.25 on a reported basis and $5.65 to $5.85 on an adjusted basis. The Company expects to record fiscal 2013 pre-tax charges of $120 million to $130 million as details of the various programs are finalized and implemented. The Company also expects to incur an additional $5 million to $15 million for certain acquisition and integration costs connected with the acquisitions of Dornoch Medical Systems, Inc., Exopro and third party distributors around the world. The Company reported revenue of $4.47 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $4.63 billion and EPS of $5.73 for fiscal 2013.  Full Article

Zimmer Holdings Inc Receives FDA Clearance For New Surgical Guidance Technology-DJ
Thursday, 17 Jan 2013 04:30pm EST 

Dow Jones reported that Zimmer Holdings Inc announced that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market iASSIST Knee, the Personalized Guidance System for knee replacement procedures. Zimmer's iASSIST Knee technology comprises small electronic disposable pod components that are used at the site of knee replacement surgery, providing instantaneous, accurate alignment validation through a simple electronic display. The disposable pods are manipulated within the surgical field with positioning information provided by a series of internal accelerometers. iASSIST Knee does not require the use of pins or additional incisions and does not rely on external systems or stimulus.  Full Article

Zimmer Holdings Inc Announces Quarterly Dividend For Fourth Quarter Of 2012
Friday, 14 Dec 2012 04:30pm EST 

Zimmer Holdings Inc announced that its Board of Directors has authorized a cash dividend to stockholders for the fourth quarter of 2012. The cash dividend of $0.18 per share will be paid on or about January 25, 2013, to stockholders of record as of the close of business on December 27, 2012. The dividend represents an annual dividend rate of 72 cents per share. Future declarations of dividends are subject to approval of the Board of Directors and may be adjusted as business needs or market conditions change.  Full Article

Zimmer Holdings Inc Lowers FY 2012 Revenue Guidance; Narrows FY 2012 EPS Guidance To A Range In Line With Analysts' Estimates
Thursday, 25 Oct 2012 07:02am EDT 

Zimmer Holdings Inc updated its revenue and EPS guidance for fiscal 2012. Fiscal 2012 revenues are expected to increase approximately 2% on a constant currency basis from fiscal 2011. Previously, the Company had estimated fiscal 2012 revenues would increase between approximately 2.5% and 3.5% constant currency. The Company now estimates that foreign currency translation will decrease revenues by approximately 2% for fiscal 2012, resulting in flat revenue growth on a reported basis. Previously, the Company had estimated foreign currency translation would decrease revenues between approximately 2.0% and 2.5%. Fiscal diluted earnings per share (EPS) are projected to be in a range of $4.75 to $4.80 on a reported basis and $5.25 to $5.30 on an adjusted basis. Prior guidance for fiscal 2012 reported and adjusted diluted earnings per share was $4.75 to $4.85 and $5.25 to $5.35, respectively. The Company reported revenue of $4.452 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $5.27 for fiscal 2012.  Full Article

Zimmer Holdings Inc Announces Quarterly Dividend for Third Quarter of 2012
Friday, 14 Sep 2012 04:30pm EDT 

Zimmer Holdings Inc announced that its Board of Directors has authorized a cash dividend to stockholders for the third quarter of 2012. The cash dividend of $0.18 per share will be paid on or about October 26, 2012, to stockholders of record as of the close of business on September 27, 2012. The dividend represents an annual dividend rate of 72 cents per share.  Full Article

Zimmer Holdings, Inc. Updates FY 2012 Revenue Guidance; Narrows FY 2012 EPS Guidance To A Range In Line With Analysts' Estimates
Thursday, 26 Jul 2012 07:01am EDT 

Zimmer Holdings, Inc. updated fiscal 2012 reported revenue guidance and narrowed constant currency revenue and EPS guidance for fiscal 2012. Revenues are expected to increase between 2.5% and 3.5% on a constant currency basis from fiscal 2011. The Company now estimates that foreign currency translation will decrease revenues between 2.0% and 2.5% for fiscal 2012, resulting in reported revenue growth between 0% and 1.5%. Previously, the Company had estimated foreign currency translation would decrease revenues by approximately 1.5% to 2.0%. Fiscal 2012 diluted earnings per share (EPS) are projected to be in a range of $4.75 to $4.85 on a reported basis and $5.25 to $5.35 on an adjusted basis. Prior guidance for fiscal 2012 reported and adjusted diluted EPS was $4.70 to $4.90 and $5.20 to $5.40, respectively. The Company reported revenue of $4.452 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $4.523 billion and EPS of $5.27 for fiscal 2012.  Full Article

Zimmer Holdings, Inc. Announces Quarterly Dividend For Second Quarter Of 2012
Friday, 15 Jun 2012 04:30pm EDT 

Zimmer Holdings, Inc. announced that its Board of Directors has authorized a cash dividend to stockholders for the second quarter of 2012. The cash dividend of $0.18 per share will be paid on or about July 27, 2012, to stockholders of record as of the close of business on June 28, 2012. The dividend represents an annual dividend rate of $0.72 per share.  Full Article

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