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STRYKER PROFITS UP 69 PERCENT FOR FOURTH QUARTER; 40 PERCENT FOR 1991 YEAR

 STRYKER PROFITS UP 69 PERCENT FOR FOURTH QUARTER;
 40 PERCENT FOR 1991 YEAR
 KALAMAZOO, Mich., Jan. 17 /PRNewswire/ -- Stryker Corporation (NASDAQ-NMS: STRY) reported today that net sales for the year ended Dec. 31, 1991, were $364,825,000, representing a 30-percent increase over sales of $280,634,000 in 1990. Net earnings before extraordinary item for the year increased 40 percent to $33,075,000 from $23,625,000 in 1990 and net earnings per share before extraordinary item increased 40 percent to $0.70 from $0.50. In the third quarter of 1990, an extraordinary gain of $9,910,000, equal to $0.21 per share, relating to the settlement of patent litigation, increased 1990 net earnings and net earnings per share to $33,535,000 and $0.71, respectively.
 During the fourth quarter of 1991, net sales increased 30 percent to $100,641,000 from $77,665,000 in the fourth quarter of 1990. Net earnings were $10,395,000, equal to $0.22 per share, compared to $6,140,000, or $0.13 per share, in 1990, representing a 69-percent increase in net earnings and net earnings per share for the quarter.
 Sales of surgical products increased 31 percent in the year and the fourth quarter of 1991, compared to the prior-year periods. The leading surgical sales gains came from endoscopic systems, powered surgical instruments and Osteonics orthopedic implants.
 Sales of medical products increased 25 percent in the year and the fourth quarter of 1991, compared to the prior-year periods. The medical sales gains were across the entire product line.
 International sales increased 35 percent in the year, led by sales of Osteonics orthopedic implants, endoscopic systems and powered surgical instruments by the company's Pacific and European operations, and sales of endoscopic systems, powered surgical instruments and patient-handling equipment by the firm's Americas Division. International sales increased to 31 percent of total sales in 1991, compared to 29 percent in 1990.
 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
 1991 1990 Pct. Change
 Sales $100,641,000 $77,665,000 30
 Pre-tax earnings 16,760,000 9,895,000 69
 Net earnings 10,395,000 6,140,000 69
 Net earnings per share .22 .13 69
 Average shares outstanding 47,564,000 47,416,000 --
 Year Ended Dec. 31
 1991 1990 Pct. Change
 Sales $364,825,000 $280,634,000 30
 Pre-tax earnings 53,345,000 38,100,000 40
 Net earnings before
 extraordinary item 33,075,000 23,625,000 40
 Extraordinary gain
 (less income taxes of
 $6,075,000) --- 9,910,000 --
 Net earnings 33,075,000 33,535,000 --
 Net earnings per share:
 Before extraordinary item .70 .50 40
 Extraordinary gain --- .21 --
 Net earnings .70 .71 --
 Average shares outstanding 47,526,000 47,396,000 --
 Average shares and net earnings per share have been adjusted for the 2-for-1 stock split effective May 13, 1991.
 -0- 1/17/92
 /CONTACT: David J. Simpson of Stryker Corporation, 616-385-2600/
 (STRY) CO: Stryker Corporation ST: Michigan IN: SU: ERN


DH -- DE002 -- 0849 01/17/92 08:27 EST
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Publication:PR Newswire
Date:Jan 17, 1992
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