After declining dental sales, Zimmer Biomet is contemplating divesting its dental products unit, according to The Wall Street Journal.
Here are five things to know:
1. Zimmer Biomet's dental segment offers various products for dental implants and dental restoration. The company sells to dental practices, laboratories and distributors.
2. In 2017, the dental segmented generated $109 million of the company's full-year earnings before interest, tax, depreciation and amortization.
3. Zimmer Biomet reported the segment's 2017 sales topped $418.6 million, a 2.2 percent decline from the prior year. However, these sales are up from 2015 sales of $335.7 million.
4. The company attributed the dental segment sales decline to restructuring in European markets.
5. Zimmer Biomet hired Bank of America Merrill Lynch as an advisor in advance of a potential sale.
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Here are five things to know:
1. Zimmer Biomet's dental segment offers various products for dental implants and dental restoration. The company sells to dental practices, laboratories and distributors.
2. In 2017, the dental segmented generated $109 million of the company's full-year earnings before interest, tax, depreciation and amortization.
3. Zimmer Biomet reported the segment's 2017 sales topped $418.6 million, a 2.2 percent decline from the prior year. However, these sales are up from 2015 sales of $335.7 million.
4. The company attributed the dental segment sales decline to restructuring in European markets.
5. Zimmer Biomet hired Bank of America Merrill Lynch as an advisor in advance of a potential sale.
More articles on dental:
Drs. Judy Villanyi, Howard Schneider & more: 5 dentists making headlines
Dentsply Sirona preliminary financial report shows $3.99B in 2017 revenue: 5 insights
SC dentist faces 5 months in prison for tax violations: 3 things to know