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Zimmer reports annual earnings

Sherry Slater

The Journal Gazette

Zimmer Holdings Inc. today reported annual earnings of $761 million, or $4.43 per diluted common share, less than a 1 percent increase compared to the $755 million, or $4.29 a share, posted for 2012.

The Warsaw-based orthopedic devices maker reported annual net sales of $4.62 billion, a 3 percent increase over the prior year.

Zimmer also reported fourth-quarter earnings of $235.9 million, or $1.36 per diluted common share, a 55 percent jump from the $152.8 million, or 88 cents a share, posted for the prior year’s fourth quarter. Net sales were $1.24 billion, a 5 percent increase.

The company paid $718.8 million to repurchase 9.1 million shares during 2013. Zimmer also reported more than $216 million in special items for the year. Items included global restructuring, certain litigation and recent acquisitions.

sslater@jg.net

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