Stryker Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 27, 2021 at 04:05 pm EDT
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Stryker Corporation announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 4,294 million compared to USD 2,764 million a year ago. Operating income was USD 732 million compared to operating loss of USD 20 million a year ago. Net income was USD 592 million compared to net loss of USD 83 million a year ago. Basic earnings per share from continuing operations was USD 1.57 compared to basic loss per share from continuing operations of USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 1.55 compared to diluted loss per share from continuing operations of USD 0.22 a year ago. For the half year, sales was USD 8,247 million compared to USD 6,352 million a year ago. Operating income was USD 1,191 million compared to USD 615 million a year ago. Net income was USD 894 million compared to USD 410 million a year ago. Basic earnings per share from continuing operations was USD 2.37 compared to USD 1.09 a year ago. Diluted earnings per share from continuing operations was USD 2.34 compared to USD 1.08 a year ago.
Stryker Corporation is one of the world's leaders in designing, manufacturing, and selling orthopedic equipments. Net sales break down by family of products as follows:
- surgical equipments and neurotechnology products (57.5%): electric motorized surgical instruments, surgical navigation systems, endoscopy equipment, digital imaging systems, neurosurgery equipments, neurovascular devices, etc. The group also offers hospital beds, gurneys, stretchers, and emergency room equipment;
- orthopedic implants (42.5%): joint prostheses, traumatology implants, micro-implants, orthopedic cement, orthobiology products, etc. The group also provides spinal implants.
At the end of 2022, the group had 48 production sites worldwide.
Net sales are distributed geographically as follows: the United States (73.9%), Europe/Middle East/Africa (12.7%), Asia/Pacific (10.2%) and other (3.2%).
STRYKER CORPORATION 
