Business Context and Reporting Period
Company: Zimmer Holdings, Inc.
Filing Type: Form 8-K
Date of Report: October 26, 2005
Reporting Period: Quarter ended September 30, 2005
Context: The filing reports quarterly results of operations and incorporates a press release (Exhibit 99.1) by reference. The company notes prior acquisitions of Centerpulse AG (2003) and Implex Corp. (2004).
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. It states that these figures are contained within the attached press release (Exhibit 99.1).
The company utilizes the following non-GAAP financial measures in its reporting:
- Adjusted net earnings
- Adjusted diluted EPS and projected adjusted diluted EPS
- Adjusted net margin, operating margin, and gross margin
- Net cash/debt
These measures exclude acquisition and integration expenses and inventory step-up. Reconciliations to GAAP measures are provided in the press release.
Material Changes
The filing text does not explicitly detail material changes versus the prior comparable period. It directs investors to the attached press release for the specific operating results and performance measures for the quarter ended September 30, 2005.
Guidance, Outlook, and Management Commentary
Management Commentary: Management asserts that the presentation of non-GAAP financial measures allows investors to better understand operating results. However, they emphasize that these measures should be considered in addition to, and not as a substitute for, GAAP measures.
Guidance/Outlook: The text mentions the inclusion of "projected adjusted diluted EPS" in the press release but does not provide the specific guidance figures within this 8-K summary text.
Risks and Contingencies: No specific risks or contingencies are detailed in the provided text, other than the standard disclaimer that the information is furnished pursuant to Item 2.02 and is not deemed "filed" with the SEC.
Important Facts for Investor Verification
- Verify the specific revenue, earnings, and margin figures in the attached Press Release (Exhibit 99.1), as they are not listed in this 8-K text.
- Review the reconciliation between the reported non-GAAP measures (adjusted earnings/margins) and GAAP measures to understand the impact of acquisition and integration expenses.
- Confirm the specific value of "projected adjusted diluted EPS" mentioned as being included in the press release.
- Note that the information in this report is furnished but not "filed" with the SEC and is not incorporated by reference into other filings.