Healthcare
Medical Instruments & Supplies
$64.79B
74K
Key insights and themes extracted from this filing
Worldwide revenues increased 4.6% year-over-year to $5.045 billion, driven by a 5.0% increase from volume/other and a 0.6% increase from pricing, partially offset by a 0.1% decrease from foreign currency translation.
Gross profit margin decreased to 45.7% from 46.4% in the prior year period, primarily due to unfavorable impacts of higher raw material and labor costs and foreign currency translation.
Net income increased to $537 million from $460 million in the prior year period, but diluted earnings per share decreased to $1.85 from $1.53 due to unfavorable impacts from specified items and foreign currency translation.