Zimmer Holdings Inc. today reported first-quarter earnings of $209.6 million, or $1.17 per diluted common share, on sales of $1.141 billion.
The company’s profits were flat compared to $208.9 million, or $1.08 a share, reported for first-quarter 2011 on sales of $1.116 billion.
The Warsaw-based orthopedic devices maker used $141.6 million of its cash reserve to buy back 2.3 million shares of Zimmer stock.
David Dvorak, president and CEO, said the company’s growth was balanced.
“Zimmer delivered year-over-year sales growth in all geographic segments and in most product categories in the quarter,” he said in a statement.