Stryker Corp Q1 2022 Earnings Call Summary - Thomson StreetEvents

Stryker Corp Q1 2022 Earnings Call Summary

Stryker Corp Q1 2022 Earnings Call Summary - Thomson StreetEvents
Stryker Corp Q1 2022 Earnings Call Summary
Published Apr 28, 2022
20 pages (11062 words) — Published Apr 28, 2022
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Abstract:

Edited Brief of SYK.N earnings conference call or presentation 28-Apr-22 8:30pm GMT

  
Brief Excerpt:

...A. Highlights: Organic sales growth exceeded 9% with double-digit growth from MedSurg and Neurotechnology businesses led by endoscopy, instruments and neuro cranial. 1. 2. Orthopaedics and Spine businesses delivered high single-digit growth, highlighting procedural recovery throughout qtr. 3. Internationally, posted mid-single-digit organic growth highlighted by double-digit organic growth in Europe and emerging markets. 4. Continued to have robust demand for capital products. 5. Had meaningful shipment delays due to ongoing product supply challenges, mostly affecting large capital businesses. 6. Adjusted EPS, $1.97. Reflected growth YoverY, despite ongoing impacts from inflationary pressures and significant premiums on inventory spot buys. a. 7. Expects these supply chain pressures to persist throughout year. They will moderate with less reliance on spot buys in 2H22. a. 8. Continued to invest in R&D at healthy rate of 7% of sales, demonstrating continued focus on new product pipelines....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Stryker Corp
Ticker
SYK.N
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Congrats on a nice quarter. I wanted to ask on down the P&L, and you mentioned cost headwinds a couple of times during the presentation, and you were able to still hold the guidance range, albeit at the lower end. I was just hoping maybe you could walk us through sizing some of these impacts and the cadence as it flows into and out of the P&L as we start thinking about building second, third and fourth quarter?

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Great. I appreciate that. If I could sneak one quick follow-up in, we heard from Baxter this morning, they have a growing order book like you, and they're hoping to be able to shorten it and sell-through throughout 2022. Is that your expectation as well that the chip supply should improve, and you'll be able to clear a lot of the order book within 2022?

Table Of Contents

Stryker Corp at Wells Fargo Healthcare Conference Transcript – 2022-09-08 – US$ 54.00 – Edited Transcript of SYK.N presentation 8-Sep-22 6:35pm GMT

Stryker Corp Q2 2022 Earnings Call Summary – 2022-07-26 – US$ 54.00 – Edited Brief of SYK.N earnings conference call or presentation 26-Jul-22 8:30pm GMT

Stryker Corp Q2 2022 Earnings Call Transcript – 2022-07-26 – US$ 54.00 – Edited Transcript of SYK.N earnings conference call or presentation 26-Jul-22 8:30pm GMT

Stryker Corp at Bank of America Healthcare Conference Transcript – 2022-05-11 – US$ 54.00 – Edited Transcript of SYK.N presentation 11-May-22 3:00pm GMT

Stryker Corp Q1 2022 Earnings Call Transcript – 2022-04-28 – US$ 54.00 – Edited Transcript of SYK.N earnings conference call or presentation 28-Apr-22 8:30pm GMT

Stryker Corp at Cowen Health Care Conference (Virtual) Transcript – 2022-03-07 – US$ 54.00 – Edited Transcript of SYK.N presentation 7-Mar-22 3:30pm GMT

Stryker Corp Q4 2021 Earnings Call Summary – 2022-01-27 – US$ 54.00 – Edited Brief of SYK.N earnings conference call or presentation 27-Jan-22 9:30pm GMT

Stryker Corp Q4 2021 Earnings Call Transcript – 2022-01-27 – US$ 54.00 – Edited Transcript of SYK.N earnings conference call or presentation 27-Jan-22 9:30pm GMT

Stryker Corp to Acquire Vocera Communications Inc Summary – 2022-01-06 – US$ 54.00 – Edited Brief of SYK.N M&A conference call or presentation 6-Jan-22 4:00pm GMT

Stryker Corp to Acquire Vocera Communications Inc Transcript – 2022-01-06 – US$ 54.00 – Edited Transcript of SYK.N M&A conference call or presentation 6-Jan-22 4:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Stryker Corp Q1 2022 Earnings Call Summary" Apr 28, 2022. Alacra Store. May 11, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Stryker-Corp-Earnings-Call-B15166746>
  
APA:
Thomson StreetEvents. (2022). Stryker Corp Q1 2022 Earnings Call Summary Apr 28, 2022. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Stryker-Corp-Earnings-Call-B15166746>
  
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