ZBH · 8-K · 20260805PR335108

Headcount / Restructuring

ZIMMER BIOMET HOLDINGS, INC. · 2026-08-05 · Importance 46 · Surprise 42 · No source text

Zimmer Biomet approved and expanded the 2025 Restructuring Plan in February and December 2025 to reduce costs and change its operating model. The plan is expected to generate approximately $155.0 million of total pretax charges through 2027, including $130.0 million of employee termination benefits, $10.0 million of contract termination costs and $15.0 million of other charges. The company incurred $136.8 million under the plan in 2025 and had $99.6 million of related liabilities outstanding at December 31, 2025. The 2023 Restructuring Plan concluded in 2025 with $115.0 million of cumulative charges, while the 2019 plan substantially concluded with $392.5 million of cumulative charges.

Key facts

• Zimmer Biomet's 2025 Restructuring Plan was approved in February 2025 and expanded in December 2025 and is expected to result in total pre-tax restructuring charges of approximately $155 million by the end of 2027. source
• Expense estimated to be recognized for the 2025 Restructuring Plan: Employee Termination $130.0 million; Contract Terminations $10.0 million; Other $15.0 million; Total $155.0 million. source
• The 2025 Restructuring Plan is expected to result in total pre-tax charges of approximately $155 million by the end of 2027, of which approximately $137 million was incurred through December 31, 2025. source
• The company expects to reduce gross annual pre-tax operating expenses by approximately $175 million relative to the 2024 baseline expenses by the end of 2027 as 2025 Restructuring Plan benefits are realized. source
• The 2019 Restructuring Plan, substantially completed as of December 31, 2025, resulted in total pre-tax restructuring charges of $393 million and an estimated reduction of gross annual pre-tax operating expenses of approximately $180 million relative to the 2019 baseline by the end of 2025. source
• The 2023 Restructuring Plan resulted in total pre-tax charges of $115 million and is estimated to have reduced gross annual pre-tax operating expenses by $175 million to $200 million relative to the 2023 baseline by the end of 2025. source
• The 2021 Restructuring Plan was completed by the end of 2024, resulting in $169 million of total pre-tax charges and an estimated reduction of gross annual pre-tax operating expenses of approximately $190 million relative to the 2021 baseline by the end of 2024. source
• The company recognized restructuring expenses of $181.2 million in 2025 and $219.0 million in 2024. source

Impact estimates