Financial

Stryker reports first quarter 2021 operating results

Kalamazoo, Michigan, April 27, 2021 (GLOBE NEWSWIRE) — Stryker (NYSE:SYK) reported operating results for the first quarter of 2021:

The response to the COVID-19 pandemic has included measures to slow the spread of the virus taken by governments and health care authorities globally, including the postponement of elective medical procedures and social contact restrictions. While there is starting to be some recovery in certain geographies, there continues to be a negative impact on our operations and financial results.

First Quarter Results

  • Reported net sales increased 10.2% from 2020 and 12.4% from 2019 to $4.0 billion
  • Organic net sales increased 1.8% from 2020 and 4.7% from 2019
  • Reported operating income margin of 11.6%
  • Adjusted operating income margin(1) contracted 50 bps to 23.5%
  • Reported EPS decreased 39.2% to $0.79
  • Adjusted EPS(1) increased 4.9% to $1.93

In addition to sales growth analysis versus 2020, we are including sales growth versus 2019 as 2019 provides a more normal baseline for comparison given the variability caused by the COVID-19 pandemic throughout 2020.

SEE FINANCIALS HERE

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Chris J. Stewart

Chris currently serves as President and CEO of Surgio Health. Chris has close to 20 years of healthcare management experience, with an infinity to improve healthcare delivery through the development and implementation of innovative solutions that result in improved efficiencies, reduction of unnecessary financial & clinical variation, and help achieve better patient outcomes. Previously, Chris was assistant vice president and business unit leader for HPG/HCA. He has presented at numerous healthcare forums on topics that include disruptive innovation, physician engagement, shifting reimbursement models, cost per clinical episode and the future of supply chain delivery.

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