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STRYKER PROFITS UP 22% FOR FOURTH QUARTER AND 26% FOR THE 1993 YEAR

 KALAMAZOO, Mich., Jan. 14 /PRNewswire/ -- Stryker Corporation (NASDAQ-NMS: STRY) reported today that net sales for the year ended Dec. 31, 1993 were $557,335,000, representing a 17% increase over sales of $477,054,000 in 1992. Net earnings for the year increased 26% to $60,205,000 from $47,700,000 in 1992, and net earnings per share increased 25% to $1.25 from $1.00.
 During the fourth quarter of 1993 net sales increased 12% to $145,189,000 from $130,003,000 in the fourth quarter of 1992. Net earnings were $17,765,000, equal to $.37 per share, compared to $14,620,000 or $.31 per share, in 1992, representing a 22% increase in net earnings and a 19% increase in net earnings per share for the quarter.
 Sales of Surgical products increased 13% in the year and 5% in the fourth quarter of 1993 compared to the prior year periods. The leading Surgical sales gains for the year came from Osteonics orthopaedic implants, powered surgical instruments and endoscopic systems.
 Sales of Medical products increased 33% in the year and 40% in the fourth quarter of 1993 compared to the prior year periods. The leading Medical sales gains for the year came from specialty hospital beds, physical therapy services and specialty stretchers.
 International sales increased 22% in the year, led by Osteonics orthopaedic implant sales by our Pacific and Americas/Middle East Divisions and Dimso spinal implant sales by all our international divisions. International sales were 32% of total sales in 1993 compared to 31% in 1992.
 Stryker Corporation develops, manufactures and markets specialty surgical and medical products including orthopaedic implants, powered surgical instruments, endoscopic systems and patient handling equipment for the global market. Its shares are traded in the over-the-counter market on the NASDAQ National Market System under the symbol STRY.
 STRYKER CORPORATION
 FOURTH QUARTER RESULTS
 1993 1992 % CHANGE
 Sales $145,189,000 $130,003,000 12
 Pre-Tax Earnings 27,650,000 23,580,000 17
 Income Taxes 9,885,000 8,960,000 10
 Net Earnings 17,765,000 14,620,000 22
 Net Earnings Per Share .37 .31 19
 Average Shares Outstanding 48,377,000 47,868,000 1
 YEAR ENDED DEC. 31
 1993 1992 % CHANGE
 Sales $557,335,000 $477,054,000 17
 Pre-Tax Earnings 96,065,000 76,940,000 25
 Income Taxes 35,860,000 29,240,000 23
 Net Earnings 60,205,000 47,700,000 26
 Net Earnings Per Share 1.25 1.00 25
 Average Shares Outstanding 48,356,000 47,716,000 1
 -0- 1/14/94
 /CONTACT: David J. Simpson, Vice President, Chief Financial Officer and Secretary of Stryker, 616-385-2600/
 (STRY)


CO: Stryker Corporation ST: Michigan IN: MTC SU: ERN

TO -- DE003 -- 2038 01/14/94 08:26 EST
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Publication:PR Newswire
Date:Jan 14, 1994
Words:464
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