Stryker reports increased net sales in third-quarter 2023 financial results
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Key takeaways:
- Stryker reported increased net sales across all businesses in its third-quarter 2023 financial results.
- The company reported decreased net earnings for the quarter.
Stryker had reported increased net sales and decreased net earnings in its third-quarter 2023 financial results, according to a company press release.
Stryker reported $4.9 billion in consolidated net sales for the quarter, a 9.6% increase compared with the prior year period. The company also reported net sales of $2.9 billion in medical and surgical equipment and neurotechnology and $2.1 billion in orthopedics and spine. In addition, Stryker reported $692 million in net earnings for the quarter, a 15.2% decrease in the quarter.
“We delivered another quarter of strong organic sales growth and continued margin expansion,” Kevin A. Lobo, chair and CEO of Stryker, said in the release. “The positive momentum in our business remains intact, including a strong procedural environment and our supercycle of innovation,” Lobo said.
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