Stryker Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Earnings Guidance for the Fiscal Year 2019
January 29, 2019 at 04:06 pm EST
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Stryker Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net sales of $3,796 million against $3,471 million a year ago. Operating income was $698 million against $714 million a year ago. Net earnings was $2,068 million against net loss of $249 a year ago. Basic net earnings per share of common stock was $5.52 against loss of $0.66 a year ago. Diluted net earnings per share of common stock was $5.44 against loss of $0.66 a year ago.
For the full year, the company reported net sales of $13,601 million against $12,444 million a year ago. Operating income was $2,537 million against $2,297 million a year ago. Net earnings was $3,553 million against net loss of $1,020 a year ago. Basic net earnings per share of common stock was $9.50 against $2.73 a year ago. Diluted net earnings per share of common stock was $9.34 against $2.68 a year ago.
For the year 2019, the company expects organic net sales growth to be in the range of 6.5% to 7.5%.
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 Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Earnings Guidance for the Fiscal Year 2019