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Motley Fool Contributors
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July 20, 2007
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On July 19, Stryker (NYSE: SYK ) released second-quarter earnings for the period ended June 30.
- Sales surged 16%, and EPS was up 11.5%.
- Operating and net margins fell slightly, but not by an amount worth worrying about.
- On June 4, the company sold its outpatient physical therapy business to Water Street Healthcare Partners for roughly $150 million in cash.
- For fiscal 2007, the company anticipates net earnings per share to be $2.40, and the net sales increase is expected to range between 12% to 13%.
- Stryker is a five-star stock in Motley Fool CAPS.
(Figures in millions, except per-share data.)
Income Statement Highlights
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Q2 2007
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Q2 2006
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Change
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Sales
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$1,463.7
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$1,261.8
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16.0%
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Net Profit*
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$240.1
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$212.1
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13.2%
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EPS
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$0.58
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$0.52
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11.5%
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Diluted Shares
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416.9
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410.7
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1.5%
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*Income from continuous operations
Get back to basics with the income statement.
Margin Checkup
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Q2 2007
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Q2 2006
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Change*
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69.6%
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68.8%
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0.8
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21.5%
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22.9%
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(1.4)
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16.4%
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16.8%
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(0.4)
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*Expressed in percentage points.
Margins are the earnings engine.
Balance Sheet Highlights
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Assets
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Q2 2007
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Q2 2006
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Change
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Cash + ST Invest.
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$1,780.2
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$867.7
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105.2%
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Accounts Rec.
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$940.5
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$842.1
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11.7%
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Inventory
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$733.4
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$644.1
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13.9%
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Liabilities data was not provided.
The balance sheet reflects the company's health.
Cash Flow Highlights
Free cash flow is a Fool's best friend.
Related Foolishness:
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
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