earnings
confidence high
sentiment neutral
materiality 0.75
Stryker Q3: adj EPS $2.20 (+2.8%); organic sales +4.5%; China impairment $105M; guidance revised
STRYKER CORP
2021-Q3 EPS reported
$3.48
revenue$12,407,000,000
- Net sales $4.2B, +11.3% vs 2020; organic net sales +4.5% vs 2020 and +8.4% vs 2019.
- Reported EPS $1.14 (down 30.1%); adjusted EPS $2.20 (up 2.8%) due to $105M impairment.
- $105M impairment for China trauma/joint replacement VBP price reductions impacting Orthopaedics.
- 2021 outlook: organic sales growth 7%-8% from 2019; adj EPS $9.08-$9.15.