More Growth At Stryker

July 21, 2005
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KALAMAZOO — Stryker Corp. continued its growth streak with a 16.8 percent increase in sales for the quarter ending June 30.

Net earnings for the second quarter of 2005 were $184.3 million, a 20.7 percent increase from $152.7 million in 2004. Diluted net earnings per share for the second quarter were up 21.6 percent to 45 cents, compared to 37 cents in the year-ago quarter.

Net sales were $1.2 billion for the second quarter of 2005, nearly a $200 million increase over the same period of 2004, and $2.4 billion for the first half of 2005, a 16.5 percent increase over the first half of 2004.

Domestic sales were up 15.8 percent to $784.1 million, the result of strong shipments of orthopedic implants and med-surg equipment and higher revenue from physical therapy services.

International sales were up 18.8 percent to $434.5 million. The impact of foreign currency comparisons contributed $18.2 million in the second quarter and $34.7 million in the first half.

Worldwide sales of orthopedic implants increased 14.9 percent to $724.8 million while sales of med-surg equipment increased 22.3 percent to $427.4 million.    

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