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

bursement levels from third-party payors; a significant increase in product liability claims; unfavorable resolution of tax audits; changes in financial markets; changes in the competitive environment; and the Company's ability to integrate acquisitions. Additional information concerning these and other factors are contained in the Company's filings with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Stryker is one of the world's leading medical technology companies and is dedicated to helping healthcare professionals perform their jobs more efficiently while enhancing patient care. The Company provides innovative orthopaedic implants as well as 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 Months and Year Ended December 31, 2010(Unaudited - In Millions Except Per Share Amounts)Fourth QuarterYear Ended December 31CONDENSED STATEMENTS OF EARNINGS

2010

2009

% Change

2010

2009

% ChangeNet sales

$ 1,995.1

$ 1,834.2

8.8

$ 7,320.0

$ 6,723.1

8.9Cost of sales

624.2

593.2

5.2

2,285.7

2,183.7

4.7GROSS PROFIT

1,370.9

1,241.0

10.5

5,034.3

4,539.4

10.9% of Sales

68.7

67.768.8

67.5Research, development andengineering expenses

110.7

89.5

23.7

393.9

336.2

17.2Selling, general andadministrative expenses

734.4

628.7

16.8

2,707.3

2,506.3

8.0Intangibles amortization

15.9

8.8

80.7

58.2

35.5

63.9Impairment of property, plant and equipment

123.5

-

--

123.5<
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SOURCE Stryker Corporation
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