Allen's questions to Zimmer Biomet Holdings Inc (ZBH) leadership • Q3 2024
Question
Allen, on behalf of Robbie Marcus at JPMorgan Chase & Co., asked for more quantification of the headwinds impacting the updated guidance, given that the company beat Q3 expectations and the ERP impact was less than feared.
Answer
CEO Ivan Tornos declined to provide more specific quantification, stating that the updated guidance reflects a level of conservatism due to multiple variables, including the recent reactivation of full shipping volumes post-ERP. He advised analysts not to 'read too much into it' and that the company is pleased with the start to the quarter.