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Stryker Operating Results for Quarter Ended December 31, 2008
Date:1/27/2009

KALAMAZOO, Mich., Jan. 27 /PRNewswire-FirstCall/ -- Stryker Corporation (NYSE: SYK) reported operating results for the quarter and year ended December 31, 2008 as follows:

    Fourth Quarter Highlights

    -- Net sales increased 3.6% (7.7% constant currency) to $1,718 million
    -- Orthopaedic Implant sales increased 4.2% (8.9% constant currency)
    -- MedSurg Equipment sales increased 2.8% (6.2% constant currency)
    -- Net earnings from continuing operations increased 0.6% to $278 million
       and adjusted net earnings from continuing operations increased 8.4% to
       $299 million
    -- Diluted net earnings per share from continuing operations increased
       4.5% to $0.69 from $0.66 and adjusted diluted net earnings per share
       from continuing operations increased 12.1% to $0.74 from $0.66
    -- $250 million share repurchase program was initiated and completed
       during the quarter

    Highlights for the Year Ended December 31, 2008

    -- Net sales increased 12.0% (10.5% constant currency) to $6,718 million
    -- Orthopaedic Implant sales increased 10.6% (8.8% constant currency)
    -- MedSurg Equipment sales increased 14.0% (13.2% constant currency)
    -- Net earnings from continuing operations increased 16.3% to $1,148
       million and adjusted net earnings from continuing operations increased
       17.0% to $1,170 million
    -- Diluted net earnings per share from continuing operations increased
       17.3% to $2.78 from $2.37 and adjusted diluted net earnings per share
       from continuing operations increased 17.9% to $2.83 from $2.40
    -- $1.0 billion of share repurchase programs were initiated and completed
       during the year resulting in 17.4 million shares being purchased in the
       open market

"We are pleased to report our eighth consecutive year o
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SOURCE Stryker Corporation
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