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Stryker Operating Results for Quarter Ended March 31, 2009
Date:4/20/2009

imaging systems; as well as patient handling and emergency medical equipment. For more information about Stryker, please visit www.stryker.com.

                             STRYKER CORPORATION
               For the Three Month Period Ended March 31, 2009
              (Unaudited - In Millions Except Per Share Amounts)


                                                     First Quarter
    CONDENSED STATEMENTS OF EARNINGS              2009     2008 % Change

      Net sales                               $1,601.3 $1,634.4     (2.0)
      Cost of sales                              515.5    500.5      3.0


        GROSS PROFIT                           1,085.8  1,133.9     (4.2)
            % of Sales                            67.8     69.4

      Research, development and
        engineering expenses                      80.4     85.1     (5.5)
      Selling, general and
        administrative expenses                  616.6    654.5     (5.8)
      Intangibles amortization                     9.6     10.6     (9.4)


                                                 706.6    750.2     (5.8)


        OPERATING INCOME                         379.2    383.7     (1.2)
            % of Sales                            23.7     23.5


      Other income (expense)                       7.2     20.3    (64.5)


        EARNINGS BEFORE INCOME TAXES             386.4    404.0     (4.4)

      Income taxes                               105.3    113.5     (7.2)


        NET EARNINGS                            $281.1   $290.5     (3.2)


      Net Earnings Per Share:
        Basic                                    $0.71    $0.71        -
        Diluted                                  $0.71    $0.70      1.4

      Average Shares Outstanding
        Basic                                    396.7    411.4
        Diluted    
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SOURCE Stryker Corporation
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