FLOWER MOUND, Texas, USA, Nov. 19, 2024 /PRNewswire/ -- Stryker (NYSE: SYK), a global leader in medical technologies, unveiled the Oculan Lighting Platform, an innovative lighting solution designed to provide consistent, high-quality illumination, allowing surgeons to focus on delivering the highest standard of care.In today's operating rooms, where precision and accuracy are critical, even the smallest challenges may impact surgical outcomes – factors which may impede a surgeon's ability to see clearly and ...

Stryker Corporation (SYK) has announced the launch of the next generation of SurgiCount+ within its sponge management portfolio.SurgiCount+, integrated with Stryker’s Triton technology, is likely to provide solutions for retained surgical sponges and blood-loss assessment. Integrating these previously separate digital solutions is likely to provide the added benefit of more efficiency and a streamlined workflow for hospitals.Likely Trend of SYK Stock Following the NewsFollowing the announcement, shares of t ...

Maternal mortality has been rising in the U.S. for decades,1 with approximately 50,000 cases of severe maternal morbidity occurring each year.2 Notably, 70% of pregnancy-related deaths due to hemorrhage are preventable.3 Stryker's Triton software includes AI technology that can differentiate blood from other fluids and a Bluetooth scale that batch weighs blood-soaked items to help assess blood loss. This provides hospital staff with real-time information to help coordinate the clinical team's hemorrhage res ...

Stryker Corporation (SYK) reported third-quarter 2024 adjusted earnings per share (EPS) of $2.87, which beat the Zacks Consensus Estimate of $2.78 by 3.2%. The bottom line also improved 16.7% year over year. GAAP EPS was $2.16, up 20% from the year-ago quarter's level. Revenue Details Revenues totaled $5.49 billion, beating the Zacks Consensus Estimate by 2.3%. The top line also improved 11.9% on a year-over-year basis and 12% at constant currency (cc). Revenues by Geography Revenues in the United States am ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-13149 Michigan (State of incorporation) 1941 Stryker WayPortage, | --- | --- | |-------|--------------------------------------------| | | 38-1239739 | | | (I.R.S. Emplo ...

Financial Data and Key Metrics - The company delivered robust organic sales growth of 11.5% in Q3 2024, with strong double-digit growth in MedSurg and Neurotechnology, and nearly 10% growth in Orthopedics and Spine [6] - Adjusted quarterly EPS was $2.87, reflecting 16.7% growth compared to Q3 2023 [9] - Full-year 2024 organic sales growth guidance was narrowed to 9.5% to 10%, with adjusted EPS expected to be $12 to $12.10 [9] - The company achieved a 100 basis points margin expansion in 2024 and remains committed to 200 basis points of margin expansion by the end of 2025 [10] Business Line Performance - MedSurg and Neurotechnology saw constant currency sales growth of 12.9% and organic sales growth of 12.7%, driven by strong demand in surgical technologies, endoscopy, and medical businesses [19][20][21] - Orthopedics and Spine reported constant currency sales growth of 10.8% and organic growth of 9.7%, with strong performances in hips, knees, and trauma/extremities businesses [24][25] - The U.S. knee business grew 8.4% organically, driven by robotic-assisted knee procedures and Mako installations, while the U.S. hip business grew 10.9% organically [24][25] Market Performance - Growth was balanced between the U.S. and international markets, with both regions rising double digits organically [7] - International organic sales growth was 11.7%, driven by strong performances in Canada, the UK, Australia, New Zealand, Japan, and emerging markets [18][23] - The company completed several acquisitions, including Care.ai, NICO Corporation, and Vertos Medical, which are expected to contribute approximately $300 million to sales in 2025 [8][15] Strategic Direction and Industry Competition - The company remains committed to growth through acquisitions, with a strong deal pipeline and healthy financial capacity [9] - The company is focused on product innovation, healthy procedure volumes, and commercial execution to drive growth [10] - The Mako robotic platform continues to gain traction, with record Q3 installations and high utilization rates globally [12] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong demand for capital products and procedural volumes, with expectations of sustained momentum through the end of 2024 [11][12] - The company is on track to achieve its margin expansion goals, driven by pricing initiatives, cost management, and operational efficiencies [10][26] - Management expressed confidence in the sustainability of double-digit growth in the medical business, driven by innovation and strong leadership [34] Other Important Information - The company ended Q3 with approximately $4.7 billion in cash, marketable securities, and short-term investments, with total debt of $15.5 billion [29] - Year-to-date cash from operations was $2.3 billion, an increase of $120 million from 2023, driven by higher earnings and improvements in inventory and accounts payable [30] Q&A Session Summary Question: Medical Business Growth Sustainability - The medical business has been the company's highest-growing division over the past five years, driven by innovation in products like ProCuity, Wireless Stretchers, and LIFEPAK 35 [34] - Management expects double-digit growth in the medical division to continue, although not necessarily at 18% every quarter [34] Question: Impact of Hurricanes on Q4 Guidance - Management does not expect significant disruptions from hurricanes in Q4 and aims to finish at the high end of the 9.5% to 10% organic growth guidance [36] Question: 2025 Growth and Margin Expansion - The company is committed to 100 basis points of operating margin expansion in 2025, driven by cost management, pricing initiatives, and operational efficiencies [39][41] - Management expects strong momentum to continue into 2025, with further details to be provided in January [39] Question: Mako Utilization and Growth - Mako installations and utilization rates remain strong globally, with record Q3 installations and high utilization rates driving growth in hips and knees businesses [12][79] - The company expects continued growth in Mako utilization, particularly in international markets like Japan [121] Question: Pricing Trends and Sustainability - The company achieved positive pricing growth in Q3, with a 1.2% favorable impact, driven by pricing initiatives in both U.S. and international markets [17][126] - Management expects pricing trends to remain favorable, with continued focus on contract negotiations and pricing strategies [126] Question: M&A Strategy and Impact - The company completed seven acquisitions in 2024, investing approximately $1.6 billion, with expected contributions of $300 million to sales in 2025 [15][71] - Management remains active on the M&A front, with a strong pipeline of deals and significant financial capacity [72] Question: Spine and Shoulder Robotics - Early feedback on Mako Spine and Copilot has been positive, with both products performing as expected in initial cases [53][54] - Management is optimistic about the potential of Mako Shoulder, which is on track to launch at the end of 2024 [14][108] Question: International Market Opportunities - The company sees significant growth opportunities in international markets, particularly in MedSurg and Neurotechnology, with a focus on expanding sales forces and product penetration [102][104] Question: Cementless Knees and Hips - The company has a strong position in cementless knees, with long-term data supporting the success of its cementless offerings [116] - Management expects continued growth in cementless hips, driven by the success of the Insignia stem and Mako robotic platform [119][120] Question: Orthopedics Market Share and Growth - The company continues to gain market share in orthopedics, driven by the Mako platform, product innovation, and strong sales execution [130][131] - Management expects sustained growth in orthopedics, particularly in trauma and extremities, with strong performances in core trauma and biologics [82][83]

For the quarter ended September 2024, Stryker (SYK) reported revenue of $5.49 billion, up 11.9% over the same period last year. EPS came in at $2.87, compared to $2.46 in the year-ago quarter. The reported revenue represents a surprise of +2.31% over the Zacks Consensus Estimate of $5.37 billion. With the consensus EPS estimate being $2.78, the EPS surprise was +3.24%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Stryker (SYK) came out with quarterly earnings of $2.87 per share, beating the Zacks Consensus Estimate of $2.78 per share. This compares to earnings of $2.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.24%. A quarter ago, it was expected that this medical device maker would post earnings of $2.79 per share when it actually produced earnings of $2.81, delivering a surprise of 0.72%.Over the last four quarters, the compan ...

Exhibit 99.1 STRYKER REPORTS THIRD QUARTER 2024 OPERATING RESULTS Portage, Michigan - October 29, 2024 - Stryker (NYSE:SYK) reported operating results for the third quarter of 2024: Third Quarter Results • Reported net sales increased 11.9% to $5.5 billion • Organic net sales increased 11.5% • Reported operating income margin of 19.7% • Adjusted operating income margin increased 130 bps to 24.7% • Reported EPS increased 20.0% to $2.16 • Adjusted EPS increased 16.7% to $2.87 (1) (1) Third Quarter Net Sales G ...

Stryker Corporation (SYK) is scheduled to release third-quarter 2024 results on Oct. 29, after market close. In the last reported quarter, the company delivered an earnings surprise of 6.38%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Q3 EstimatesThe Zacks Consensus Estimate for earnings is pegged at $2.78 per share, indicating an increase of 13% year over year.The consensus mark for revenues is pinned at $5.37 billion, implying growth of 9.4% from the prior-year reported figure ...