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Sep 30, 2020

Stryker Q3 2020 Earnings Report

Returned to growth and delivered strong adjusted earnings and cash flow despite a challenging environment.

Key Takeaways

Stryker reported a 4.2% increase in net sales to $3.7 billion for the third quarter of 2020. Organic net sales increased by 3.3%. Reported EPS increased 32.5% to $1.63, and adjusted EPS increased 12.0% to $2.14.

Reported net sales increased 4.2% to $3.7 billion.

Organic net sales increased 3.3%.

Reported operating income margin of 23.0%.

Adjusted operating income margin expanded 260 bps to 28.0%.

Total Revenue
$3.74B
Previous year: $3.59B
+4.2%
EPS
$2.14
Previous year: $1.91
+12.0%
Organic Net Sales Growth
3.3%
Gross Profit
$2.46B
Previous year: $2.33B
+5.6%
Cash and Equivalents
$7.08B
Previous year: $1.95B
+263.6%
Free Cash Flow
$760M
Previous year: $466M
+63.1%
Total Assets
$32.3B
Previous year: $26.7B
+21.1%

Stryker

Stryker

Stryker Revenue by Segment

Stryker Revenue by Geographic Location

Forward Guidance

Due to the uncertain scope and duration of the pandemic, and uncertain timing of global recovery and economic normalization, we are unable to estimate the overall impacts on our operations and financial results, which could be material. Accordingly, we will not be providing fourth quarter or full-year organic sales growth or earnings guidance for 2020.

Revenue & Expenses

Visualization of income flow from segment revenue to net income