Stryker reports fourth-quarter, full-year 2023 financial results
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Key takeaways:
- Stryker reported its fourth-quarter and full-year 2023 financial operating results.
- The company reported increased net sales and net earnings.
Stryker has reported increased net sales and net earnings for the fourth quarter and full year of 2023, according to a company press release.
Stryker reported $5.8 billion in net sales for the fourth quarter of 2023, an 11.8% increase from the prior year period, and $20.5 billion for the full year of 2023, an 11.1% increase from the prior year. The company also reported net earnings of $1.1 billion for the quarter, a 103% increase, and $3.2 billion for the full year, a 34.2% increase.
“We drove excellent organic sales growth of over 11% in both the fourth quarter and the full year, and delivered strong adjusted earnings,” Kevin Lobo, chair and CEO of Stryker, said in the release. “It was exciting to surpass $20 billion in sales as we continue to drive high growth. I would like to thank our teams for the strong performance in 2023,” Lobo added.
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