WARSAW, Ind., March 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- Zimmer Holdings, Inc. (NYSE: ZMH; SWX: ZMH), a leader in the orthopaedics industry, announced today it has been named to the BusinessWeek 50 list, BusinessWeek magazine's ranking of the top performing companies within the Standard & Poor's 500. Zimmer ranked 38th overall in the listing and was the only orthopaedic company to make the top 100.
"We are pleased to be recognized among the top performers within all industries," said Ray Elliott, Zimmer Holdings Chairman, President and CEO. "This recognition is a testament to the skill and dedication of Zimmer's 6,500 employees who have helped grow this company from just over $1.1 billion in sales when we went public in 2001 to nearly $3 billion last year."
The BusinessWeek 50 is determined using a 10-part formula for analyzing the companies in the Standard & Poor's 500-stock index. The formula involves sales and earnings growth for the most recent 12-month period and the past three years. The formula also considers net profit margins and return on equity to judge how efficiently each corporation manages its resources. Other factors include shareholder returns for one- and three-year periods and a company's debt-to-capital ratio.
In 2003, Zimmer was recognized as one of BusinessWeek's 100 "Hot Growth" companies. The Company was ranked 26th overall and was the top-rated orthopaedic company.
About the Company
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer is the worldwide #1 pure-play orthopaedic leader in designing, developing, manufacturing and marketing reconstructive and spinal implants, trauma and related orthopaedic surgical products. In October 2003, the Company finalized its acquisition of Centerpulse AG, a Switzerland-based orthopaedics company and the leader in the European reconstructive market. Zimmer has operations in more than 24 countries around the world and sells products in more than 100 countries. Zimmer's 2004 sales were approximately $3 billion. The Company is supported by the efforts of more than 6,500 employees worldwide.
Visit Zimmer on the worldwide web at http://www.zimmer.com
Zimmer Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 based on current expectations, estimates, forecasts and projections about the orthopaedics industry, management's beliefs and assumptions made by management. Forward-looking statements may be identified by the use of forward-looking terms such as "may," "will," "expects," "believes," "anticipates," "plans," "estimates," "projects," "targets," "forecasts," and "seeks" or the negative of such terms or other variations on such terms or comparable terminology. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to, our ability to successfully integrate Centerpulse AG and Implex Corp., the outcome of the pending informal SEC investigation of Centerpulse accounting, price and product competition, rapid technological development, demographic changes, dependence on new product development, the mix of our products and services, supply and prices of raw materials and products, customer demand for our products and services, control of costs and expenses, our ability to form and implement alliances, international growth, governmental laws and regulations affecting our U.S. and international businesses, including tax obligations and risks, product liability and intellectual property litigation losses, reimbursement levels from third-party payors, general industry and market conditions and growth rates and general domestic and international economic conditions including interest rate and currency exchange rate fluctuations. For a further list and description of such risks and uncertainties, see the disclosure materials filed by Zimmer with the U.S. Securities and Exchange Commission. Zimmer disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers of this document are cautioned not to place undue reliance on these forward-looking statements, since, while we believe the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary statement is applicable to all forward-looking statements contained in this document.
SOURCE Zimmer Holdings, Inc.
Media: Brad Bishop, +1-574-372-4291, [email protected] , Investors: Marc
Ostermann, +1-574-371-8515, [email protected] , or Sam Leno, +1-574-372-4790
[email protected] , all of Zimmer Holdings, Inc.
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