Stryker CEO 'very bullish on the future of Mako': 4 earnings call quotes

News & Analysis

Stryker posted $4.8 billion in first quarter sales, and CEO Kevin Lobo discussed the company's performance and outlooks in a May 1 earnings call.

Four key quotes:

On his outlook for robotics: "We are very bullish on the future of Mako," Mr. Lobo said, as transcribed by Seeking Alpha. "And if you look at our hip and knee numbers, that's a pretty good indicator that a lot of our growth comes from accounts that had Makos installed."

On emerging spine medtech mergers: "I think it's too early right now for us to have really seen much in the way of disruption. I think the disruption will come once they start to bring the organizations together and decide which salespeople are calling on which surgeons and which products they're going to keep, et cetera. So there really hasn't been much in the way of disruption from both of the mergers that are just starting to happen in the space. I'm pleased about our spine business momentum, and it's really because of our own innovations."

On progress with Mako Spine: "We've started to show our Mako Spine, which is also getting very, very good feedback, although that won't be launched until next year," Mr. Lobo said. "But customers are warming up to that."

On outpatient orthopedic procedures: "The ASC joint continues its trend that we've been seeing for some time, continued progression in both hips and knees," Mr. Lobo said. "We're now in double-digit penetration in both hips and knees, a little bit more knees, but both continuing a steady progression and I don't think that will slow down. I think that will just continue over the next few years with the expansion into ASCs with construction projects with more and more procedures moving out and we're even starting to see some of the extremity procedures move out even some spine procedures."

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