Stryker reports increased net sales, earnings in first-quarter 2024 financial results
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Key takeaways:
- Stryker reported increased net sales and earnings in its first-quarter 2024 financial results.
- The company reported $5.2 billion in net sales and $788 million in net earnings for the quarter.
Stryker announced increased net sales and net earnings in its first-quarter 2024 financial results, according to a company press release.
Stryker reported $5.2 billion in consolidated net sales, a 9.7% increase from the prior year period. The company noted net sales in orthopedics and spine increased 7.5% in the quarter to $2.2 billion. Stryker also reported net earnings of $788 million, a 33.1% increase from the prior year period.
“Our momentum from 2023 continued into the first quarter as we delivered 10% organic sales growth,” Kevin A. Lobo, chair and CEO of Styker, said in the release. “Our teams are executing well and I am confident in our ability to grow sales at the high end of [medical technology] and drive strong adjusted earnings growth in 2024.”
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