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Sep 30, 2022
Stryker Q3 2022 Earnings Report
Stryker's net sales increased, driven by strong organic sales growth, but adjusted earnings were pressured by foreign currency and inflation.
Key Takeaways
Stryker reported a 7.7% increase in net sales to $4.5 billion for the third quarter of 2022. Organic net sales grew by 9.9%. Reported EPS increased 87.7% to $2.14, while adjusted EPS decreased 3.6% to $2.12. The company is taking actions to address persistent issues like foreign currency and inflation.
Net sales increased by 7.7% to $4.5 billion.
Organic net sales increased by 9.9%.
Reported EPS increased 87.7% to $2.14.
Adjusted EPS decreased 3.6% to $2.12.
Forward Guidance
Stryker now expects full year 2022 organic net sales growth to be in the range of 8.5% to 9.0%. They expect net sales in the full year to be adversely impacted by approximately 4% and adjusted net earnings per diluted share to be adversely impacted by approximately $0.35 to $0.40. They now expect adjusted net earnings per diluted share in the range of $9.15 to $9.25 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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