Stryker Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2019
April 23, 2019 at 04:05 pm EDT
Share
Stryker Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2019. For the quarter, the company reported net sales of $3,516 million against $3,241 million a year ago. Operating income was $528 million against $591 million a year ago. Net earnings were $412 million against $443 million a year ago. Basic earnings per share was $1.10 against $1.18 a year ago. Diluted earnings per share was $1.09 against $1.16 a year ago.
For the full year of fiscal 2019, the company expects organic net sales growth to be in the range of 6.8% to 7.5%. Net sales will be negatively impacted by approximately 1.0%. Net earnings per diluted share will be negatively impacted by $0.05 to $0.10 in the full year.
For the second quarter of 2019, the company expects net sales in the second quarter will be negatively impacted by approximately 1.5% and net earnings per diluted share will be negatively impacted by $0.01 to $0.03 in the second quarter.
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 Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2019