Stryker — Oct 29, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000310764-24-000113
Showing in the filing
Favorable pricing impact
“0.5% to 1.0%”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 4
Organic net sales growth for FY2024
“9.5% to 10.0%”
Favorable pricing impact for FY2024
“0.5% to 1.0%”
Adjusted net earnings per diluted share nega… for FY2024
“approximately $0.10”
Adjusted net earnings per diluted share for FY2024
“$12.00 to $12.10”
Exhibit 99.1 · the passage around this item
… earlier in the release
2024 Outlook Based on our year-to-date performance, sustained demand for our capital products and healthy procedural volumes, we now expect full year 2024 organic net sales growth (2) to be in the range of 9.5% to 10.0% with a favorable pricing impact in the range of 0.5% to 1.0%. If foreign exchange rates hold near current levels, we anticipate a slightly unfavorable impact on full year net sales and now expect adjusted net earnings per diluted share (2) will be negatively impacted by approximately $0.10. This is reflected in our guidance. With a strong first nine months of the year and our strong sales momentum going into the fourth quarter, we now expect adjusted net earnings per diluted share (2) to be in the range of $12.00 to $12.10. (1) A reconciliation of the non-GAAP financial measures: adjusted gross profit margin, adjusted operating income and adjusted operating income margin, adjusted net earnings and adjusted net earnings per diluted share, to the most directly comparable GAAP measures: gross profit margin, operating income and operating income margin, net earnings and net earnings per diluted share, and other important information accompanies this press release. (2) We are unable to present a quantitative reconciliation of our expected net sales growth to expected organic net sales growth as we are unable to predict with reasonable certainty and without unreasonable effort the impact and timing of acquisitions and divestitures and the impact
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.