Stryker 2016 net sales hit $11.3B, up 13.9%: 5 key notes

Laura Dyrda -  

Stryker is expected to report net sales of $11.3 billion for 2016, according to the company's preliminary fourth quarter and full year financial report.

Here are five key notes from the report:

 

1. Fourth quarter net sales were up 16.3 percent to $3.2 billion; full year net sales grew 13.9 percent to $11.3 billion. The net sales were up 6.7 percent year-over-year excluding the impact of acquisitions and foreign currency.

 

2. Earnings per diluted share are expected to be higher than the originally stated range of $5.75 to $5.80 due to strong organic net sales growth.

 

3. The company reported domestic net sales reached $8.2 billion in the full year, a 15.9 percent increase. International net sales were up 8.8 percent to $2.1 billion.

 

4. The full year net sales for each of the business segments were:

 

• Orthopedics: $4.4 billion, up 4.7 percent
• Medsurg: $4.9 billion, up 25.7 percent
• Neurotechnology and spine: $2 billion, up 9.8 percent

 

5. The fourth quarter net sales for each business segment were:

 

• Orthopedics: $1.2 billion, up 5.3 percent
• Medsurg: $1.4 million, up 31.4 percent
• Neurotechnology and spine: $524 million, up 8.3 percent

 

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