NYSE$SYK
Stryker Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported solid first quarter results amidst a challenging macroeconomic environment and steady improvement of elective surgery volumes.
Stryker reported an 8.1% increase in net sales to $4.3 billion and a 9.2% increase in organic net sales. The company's reported EPS increased by 6.3% to $0.84, while adjusted EPS increased by 2.1% to $1.97.
- Reported net sales increased 8.1% to $4.3 billion.
- Organic net sales increased 9.2%.
- Reported EPS increased 6.3% to $0.84.
- Adjusted EPS increased 2.1% to $1.97.
Headline financials
Revenue & EPS history
Stryker · Revenue · Quarterly
$4.28B
Revenue by segment
Stryker · $1.53B total across 1 segment · Q3 2021
- Orthopaedics$1.53B+16.1%100.0%
Forward guidance
The company now expects full year 2022 organic net sales growth towards the high end of their guidance range of 6% to 8%. Adjusted net earnings per diluted share is expected at the lower end of their guidance range of $9.60 to $10.00 per share.
Tailwinds
- Strong orders for capital equipment.
- Full year 2022 organic net sales growth towards the high end of guidance range of 6% to 8%.
Headwinds
- Dynamic supply chain pressures.
- COVID-19 pandemic uncertainty.
- Expect net sales in the full year will be adversely impacted by approximately 1.2% due to foreign currency exchange rates.
- Expect adjusted net earnings per diluted share will be adversely impacted by approximately $0.10 to $0.15 in the full year due to foreign currency exchange rates.
- Considering the supply chain pressures and inflationary environment.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.7%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.7%
Avg return
30 days after
58%
42 / 73 earnings
Positive
+11.8%
Q4 2022
Best reaction
-6.3%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | -7.2% | -3.0% | |
| Q4 2025 | +2.6% | +1.8% | +9.4% | |
| Q3 2025 | -3.0% | -3.1% | +0.6% | |
| Q2 2025 | +0.0% | -0.4% | +3.6% | |
| Q1 2025 | +1.0% | +2.7% | +2.3% | |
| Q4 2024 | -2.2% | -2.2% | -2.8% | |
| Q3 2024 | +2.1% | +3.1% | +9.0% | |
| Q2 2024 | -1.7% | -0.5% | +7.4% | |
| Q1 2024 | -3.2% | -3.1% | +0.5% | |
| Q4 2023 | +6.7% | +8.8% | +11.0% | |
| Q3 2023 | +1.5% | +1.1% | +9.5% | |
| Q2 2023 | +3.3% | +2.8% | +3.6% | |
| Q1 2023 | -1.9% | -5.0% | -8.0% | |
| Q4 2022 | +11.8% | +13.5% | +5.0% | |
| Q3 2022 | -4.0% | -8.0% | +2.0% | |
| Q2 2022 | +5.1% | +6.6% | +7.5% | |
| Q1 2022 | -3.2% | -4.5% | -5.1% | |
| Q4 2021 | +0.1% | +0.1% | +7.1% | |
| Q3 2021 | -0.9% | +1.5% | -9.3% | |
| Q2 2021 | +2.0% | +2.8% | +2.9% | |
| Q1 2021 | -2.1% | -1.0% | -4.1% | |
| Q4 2020 | -3.4% | -4.8% | +2.0% | |
| Q3 2020 | -1.4% | +1.6% | +13.6% | |
| Q2 2020 | -4.0% | -6.0% | -1.6% | |
| Q1 2020 | -6.3% | -2.5% | +1.6% | |
| Q4 2019 | -1.8% | -1.8% | -9.2% | |
| Q3 2019 | +1.6% | -0.4% | -4.1% | |
| Q2 2019 | +0.4% | +0.0% | +0.2% | |
| Q1 2019 | +1.6% | +3.4% | +1.3% | |
| Q4 2018 | +10.7% | +9.5% | +16.4% | |
| Q3 2018 | -1.7% | -0.7% | +1.0% | |
| Q2 2018 | -2.7% | -3.2% | -3.0% | |
| Q1 2018 | +3.2% | +2.2% | +5.1% | |
| Q4 2017 | -2.6% | -3.9% | -5.6% | |
| Q3 2017 | +6.4% | +3.1% | +3.0% | |
| Q2 2017 | +1.4% | +1.5% | -4.0% | |
| Q1 2017 | +1.3% | +1.4% | +4.8% | |
| Q4 2016 | -0.2% | +3.3% | +3.6% | |
| Q3 2016 | +4.0% | +4.5% | +2.7% | |
| Q2 2016 | -4.4% | -4.8% | -7.0% | |
| Q1 2016 | -0.4% | — | — | |
| Q4 2015 | +4.4% | — | — | |
| Q3 2015 | -5.4% | — | — | |
| Q2 2015 | +2.5% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +0.2% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | -1.1% | — | — | |
| Q4 2013 | -1.0% | — | — | |
| Q3 2013 | +2.7% | — | — | |
| Q2 2013 | +2.2% | — | — | |
| Q1 2013 | +1.1% | — | — | |
| Q4 2012 | +2.8% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2012 | -2.9% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2011 | -0.0% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q4 2010 | +1.9% | — | — | |
| Q3 2010 | +2.3% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q1 2009 | -1.1% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2009 | +1.9% | — | — | |
| Q4 2007 | +1.9% | — | — | |
| Q3 2008 | +2.9% | — | — | |
| Q3 2009 | +2.9% | — | — | |
| Q2 2009 | +5.1% | — | — | |
| Q2 2008 | +5.1% | — | — | |
| Q4 2008 | +5.1% | — | — |
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