The summer of 2006 did not bring good news for management at orthopedic-product maker Stryker
The stock has risen more than 70% since then, and the good news for Stryker continues to roll in. Yesterday, the company reported an impressive third quarter, including a 22.2% increase in quarterly earnings per share from continuing operations, as well as an 18% surge in Q3 net sales.
The company saw strong results from both of its major business segments. Stryker continues to cash in on an aging baby boomer generation, as witnessed in its orthopedic-implant business, where revenue grew by 15.4% versus the year-ago quarter. Stryker's MedSurg equipment business also experienced vibrant results, with a 22% increase in sales.
Stryker has been the lead dog among major players in orthopedic implants. However, Smith & Nephew
With the Justice investigation out of the way, and management expecting adjusted full-year results to include a 20% increase in EPS from continuing operations, Stryker continues to remain an attractive investment option for Fools who want a consistent performer for the long haul.
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