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Stryker Reports 9% Sales Growth, 13% Adjusted Net Earnings Growth for Quarter Ended December 31, 2010
Date:1/25/2011

KALAMAZOO, Mich., Jan. 25, 2011 /PRNewswire/ -- Stryker Corporation (NYSE: SYK) reported operating results for the quarter and year ended December 31, 2010 as follows:

Fourth Quarter Highlights

  • Net sales increased 8.6% on a constant currency basis (8.8% increase as reported) to $1,995 million
  • Orthopaedic Implant sales increased 4.3% on a constant currency basis (4.5% increase as reported)
  • MedSurg Equipment sales increased 15.4% on a constant currency basis (15.3% increase as reported)
  • Adjusted net earnings increased 12.5% from $330 million to $372 million and adjusted diluted net earnings per share increased 13.4% from $0.82 to $0.93
  • Reported net earnings decreased 3.6% from $306 million to $295 million and reported diluted net earnings per share decreased 2.6% from $0.76 to $0.74

  • Highlights for the Year Ended December 31, 2010

  • Net sales increased 7.8% on a constant currency basis (8.9% increase as reported) to $7,320 million
  • Orthopaedic Implant sales increased 3.3% on a constant currency basis (4.6% increase as reported)
  • MedSurg Equipment sales increased 15.0% on a constant currency basis (15.7% increase as reported)
  • Adjusted net earnings increased 12.6% from $1,180 million to $1,329 million and adjusted diluted net earnings per share increased 12.9% from $2.95 to $3.33
  • Reported net earnings increased 15.0% from $1,107 million to $1,273 million and reported diluted net earnings per share increased 15.2% from $2.77 to $3.19

  • "Our 2010 results reinforce the underlying strength provided by our diverse revenue base as we delivered on our financial commitments while successfully navigating through the continued challenges presented by the difficult economic environment," said Stephen P. MacMillan, Chairman, President and Chief Executive Officer. "In 2010 we augmente
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    SOURCE Stryker Corporation
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