We strongly encourage investors and shareholders to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Reported net earnings of $466 million decreased 21.0% in the quarter. Download the review. Adjusted net earnings per diluted share(1) of $1.91 increased 13.0% in the quarter. Organic net sales increased 8.8% in the quarter including 10.1% from increased unit volume partially offset by 1.3% from lower prices. Reported net earnings of $725 million and $2.1 billion decreased 64.9% and 41.4% in the quarter and full year. Smith & Nephew 2019 financial key figures, Becton, Dickinson and Company 2019 Annual Report, China Resources Sanjiu Medical and Pharmaceutical (CR Sanjiu) key figures 2019, Boehringer Ingelheim's financial report 2019, Annual report on poisonings in the U.S. 2018, Health care fraud and abuse program annual report 2019, Patented Medicine Prices Review Board Annual Report 2018, Self-funded health coverage in the U.S. 2020, Annual Report for Donate Life America 2020, Stryker's annual research, development and engineering expenses 2011-2019, Stryker's net sales 2017-2019, by orthopedic products, We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. 269-385-2600. The company files an Annual Report on Form 10-K with the Securities and Exchange Commission. Reconciliation of the Most Directly Comparable GAAP Financial Measure to Non-GAAP Financial Measure, Refer to our 2018 Annual Report on Form 10-K, available at, Message from our President and Chief Operating Officer. For further information please read our cookie policy. See below for a reconciliation to the most directly comparable GAAP financial measures, net earnings and net earnings per diluted share. Reported net earnings per diluted share of $1.23 decreased 20.6% in the quarter. The report complies with the disclosure requirement for corporate entities and generally includes the balance sheet, the annual statement of the company (including the profit and loss account) and a status report. We use cookies to customize content for your viewing and for analytics. Percentage sales growth in constant currency is calculated by translating current and prior year results at the same foreign currency exchange rate. You can sign up for additional alert options at any time. "The performance was balanced across businesses and geographies and positions us well for continued success.". Stryker is one of the world's leading medical technology companies and, together with its customers, is driven to make healthcare better. Organic net sales increased 6.8% and 8.9% in the quarter and full year including 7.2% and 9.4% from increased unit volume partially offset by 0.4% and 0.5% from lower prices. The weighted-average diluted shares outstanding used in the calculation of non-GAAP earnings per share are the same as those used in the calculation of reported earnings per share for the respective period. Organic net sales increased 8.0% and 8.1% in the quarter and full year including 8.6% and 9.0% from increased unit volume partially offset by 0.6% and 0.9% from lower prices. Katherine Owen, Vice President, Strategy & Investor Relations at 269-385-2600 or katherine.owen@stryker.com, Yin Becker, Vice President, Communications, Public Affairs and Corporate Marketing at 269-385-2600 or yin.becker@stryker.com, SUPPLEMENTAL INFORMATION - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES. Kalamazoo, MI 49002 Adjusted net earnings and adjusted net earnings per diluted share are non-GAAP financial measures. Organic net sales increased 8.8% in the quarter including 9.2% from increased unit volume partially offset by 0.4% from lower prices. This press release contains information that includes or is based on forward-looking statements within the meaning of the federal securities laws that are subject to various risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in such statements. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. Management uses these non-GAAP financial measures for reviewing the operating results of reportable business segments and analyzing potential future business trends in connection with our budget process and bases certain management incentive compensation on these non-GAAP financial measures. This site is governed solely by applicable U.S. laws and governmental regulations. Stryker is one of the world’s leading medical technology companies and, together with its customers, is driven to make healthcare better. If you continue to browse this website, we will assume that you are happy to receive all our cookies. At Stryker, we promise to treat your data with respect and will not share your information with any third party. At Stryker, we promise to treat your data with respect and will not share your information with any third party. To measure earnings performance on a consistent and comparable basis, we exclude certain items that affect the comparability of operating results and the trend of earnings. Orthopaedics net sales of $1.5 billion and $5.3 billion increased 6.7% and 5.2% in the quarter and full year and 7.3% and 6.7% in constant currency. Management believes percentage sales growth in constant currency and the other adjusted measures described above are important indicators of our operations because they exclude items that may not be indicative of or are unrelated to our core operating results and provide a baseline for analyzing trends in our underlying businesses. Consolidated net sales of $4.1 billion and $14.9 billion increased 8.8% and 9.4% in the quarter and full year and 9.4% and 10.7% in constant currency. If you experience any issues with this process, please contact us for further assistance. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Stryker's Annual Report & Profile shows critical firmographic facts: What is the company's size? Stryker is one of the world's leading medical technology companies and, together with its customers, is driven to make healthcare better. Form 10-K Stryker Corp Annual report [Section 13 and 15(d), not S-K Item 405] SEC.report Organic net sales increased 7.3% and 6.7% in the quarter and full year including 8.5% and 8.2% from increased unit volume partially offset by 1.2% and 1.5% from lower prices. We delivered another strong year of financial results in 2017 and continue to strengthen our position as a leader in Orthopaedics, Medical and Surgical (MedSurg), and Neurotechnology and Spine. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. (2) We are unable to present a quantitative reconciliation of our expected net earnings per diluted share to expected adjusted net earnings per diluted share as we are unable to predict with reasonable certainty and without unreasonable effort the impact and timing of restructuring-related and other charges, acquisition-related expenses and fair value adjustments to inventory and the outcome of certain regulatory, legal and tax matters. Neurotechnology and Spine net sales of $827 million and $3.1 billion increased 18.0% and 19.2% in the quarter and full year and 18.2% and 20.5% in constant currency. If you experience any issues with this process, please contact us for further assistance. Please see our, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Directly accessible data for 170 industries from 50 countries You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Kalamazoo, MI 49002 For the fourth quarter we expect adjusted net earnings per diluted share(2) to be in the range of $2.43 to $2.48. A simultaneous webcast of the call will be accessible via the company's website at www.stryker.com. Washington, D.C. 20549 FORM 10-K [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Katherine Owen, Vice President, Strategy & Investor Relations at 269-385-2600 or katherine.owen@stryker.com, Yin Becker, Vice President, Communications, Public Affairs and Corporate Marketing at 269-385-2600 or yin.becker@stryker.com, SUPPLEMENTAL INFORMATION - RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES. Stryker | 2019 Annual Review 3 the market, with superior design and quality. To measure percentage organic sales growth, we remove the impact of changes in foreign currency exchange rates and acquisitions, which affect the comparability and trend of sales. Management uses these non-GAAP financial measures for reviewing the operating results of reportable business segments and analyzing potential future business trends in connection with our budget process and bases certain management incentive compensation on these non-GAAP financial measures. Stryker Corporation, 2825 Airview Boulevard PDF Format Download (opens in new window) Word Format Download (opens in new window) Excel Format Download (opens in new window) ... At Stryker, we promise to treat your data with respect and will not share your information with any third party.
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