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STRYKER PROFITS UP 41 PERCENT FOR FOURTH QUARTER AND 44 PERCENT FOR THE 1992 YEAR

 KALAMAZOO, Mich., Jan. 15 /PRNewswire/ -- Stryker Corporation (NASDAQ-NMS: STRY) reported today that net sales for the year ended Dec. 31, 1992, were $477,054,000, representing a 31-percent increase over sales of $364,825,000 in 1991. Net earnings for the year increased 44 percent to $47,700,000 from $33,075,000 in 1991 and net earnings per share increased 43 percent to $1 from $0.70.
 During the fourth quarter of 1992, net sales increased 29 percent to $130,003,000 from $100,641,000 in the fourth quarter of 1991. Net earnings were $14,620, equal to $0.31 per share, compared to $10,395,000, or $0.22 per share, in 1991, representing a 41-percent increase in net earnings and net earnings per share for the quarter.
 Sales of Surgical products increased 30 percent in the year and 29 percent in the fourth quarter of 1992 compared to the prior-year periods. The leading Surgical sales gains came from Osteonics orthopedic implants, endoscopic systems and powered surgical instruments.
 Sales of Medical products increased 34 percent in the year and 30 percent in the fourth quarter of 1992 compared to the prior-year periods. The leading Medical sales gains came from specialty stretchers, physical therapy services and specialty hospital beds.
 International sales increased 31 percent in the year, led by sales of Osteonics orthopedic implants in the Pacific and endoscopic systems, powered surgical instruments and spinal implants in Europe. International sales were 31 percent of total sales in 1992 and 1991.
 Stryker Corporation develops, manufactures and markets specialty surgical and medical products including orthopedic implants, powered surgical instruments, endoscopic systems and patient-handling equipment for the world 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
 1992 1991 Percent Change
 Sales $130,003,000 $100,641,000 29
 Pre-tax earnings 23,580,000 16,760,000 41
 Net earnings 14,620,000 10,395,000 41
 Net earnings per share .31 .22 41
 Average shares
 outstanding 47,868,000 47,564,000 1
 YEAR ENDED DEC. 31
 1992 1991 Percent Change
 Sales $477,054,000 $364,825,000 31
 Pre-tax earnings 76,940,000 53,345,000 44
 Net earnings 47,700,000 33,075,000 44
 Net earnings per share 1.00 .70 43
 Average shares
 outstanding 47,716,000 47,526,000 --
 -0- 1/15/93
 /CONTACT: David J. Simpson, vice president, chief financial officer and secretary of Stryker Corporation, 616-385-2600/
 (STRY)


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

DH-ML -- DE003 -- 5211 01/15/93 08:32 EST
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Publication:PR Newswire
Date:Jan 15, 1993
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