Stryker Q3 2022 Earnings Report
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.
Stryker
Stryker
Stryker Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income