Stryker (NYSE:SYK) reported operating results for the first quarter of 2021:
The response to the COVID-19 pandemic has included measures to slow the spread of the virus taken by governments and health care authorities globally, including the postponement of elective medical procedures and social contact restrictions. While there is starting to be some recovery in certain geographies, there continues to be a negative impact on our operations and financial results.
First Quarter Results
Reported net sales increased 10.2% from 2020 and 12.4% from 2019 to $4.0 billion
Organic net sales increased 1.8% from 2020 and 4.7% from 2019
Reported operating income margin of 11.6%
Adjusted operating income margin(1) contracted 50 bps to 23.5%
Reported EPS decreased 39.2% to $0.79
Adjusted EPS(1) increased 4.9% to $1.93
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