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Stryker Reports 7% Sales Growth, 14% Adjusted Net Earnings Growth for Quarter Ended September 30, 2010
Date:10/19/2010

state-of-the-art medical and surgical equipment to help people lead more active and more satisfying lives.  For more information about Stryker, please visit www.stryker.com.STRYKER CORPORATIONFor the Three Month and Nine Month Periods Ended September 30, 2010(Unaudited - In Millions Except Per Share Amounts)Third QuarterNine MonthsCONDENSED STATEMENTS OF EARNINGS

2010 2009 % Change2010 2009 % ChangeNet sales

$
,767.6$
,653.36.9$
5,324.9$
4,888.98.9Cost of sales

540.8538.70.41,661.51,590.54.5GROSS PROFIT

1,226.81,114.610.13,663.43,298.411.1% of Sales

69.467.468.867.5Research, development andengineering expenses

98.683.717.8283.2246.714.8Selling, general andadministrative expenses

643.3643.9(0.1)1,972.91,877.65.1Intangibles amortization

14.48.667.442.326.758.4   Restructuring charges

-67.0(100.0)-67.0(100.0)756.3803.2(5.8)2,298.42,218.03.6OPERATING INCOME

470.5311.451.11,365.01,080.426.3% of Sales

26.618.825.622.1Other income (expense)

(8.6)3.0--(14.7)20.4--EARNINGS BEFORE INCOME TAXES

461.9314.446.91,350.31,100.822.7Income taxes

124.285.445.4371.9299.424.2NET EARNINGS

$
337.7$
229.047.5$
978.4$
801.422.1   Net earnings per shareBasic

$
.85$
.5846.6$
2.46$
2.0221.8Diluted

$
.85$
.5749.1$
2.45$
2.0121.9Average Shares OutstandingBasic

397.0397.6397.0397.2Diluted

398.1399.6399.1399.1RECONCILIATION OF REPORTED NET EARNINGS TO ADJUSTED NET EARNINGSThird QuarterNine Months2010 2009 % Change2010 2009 % ChangeNET EARNINGS Reported net earnings

$
337.7$
229.047.5$
978.4$
801.422.1Restructuring charges

-48.4(100.0)-48.4(100.0)Gain on sale of property, plant and equipment

(13.4)---(13.4)---Income taxes on repatriation of foreign earnings

(7.4)---(7.4)---Adjusted net earnings

$
316.9$
277.414.
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SOURCE Stryker Corporation
Copyright©2010 PR Newswire.
All rights reserved

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