Sector: Healthcare|Industry: Drug Manufacturers - General|Market Cap: $359.99B|Employees: 131.9K
Johnson & Johnson is a healthcare company that manufactures and sells a wide range of products, including pharmaceuticals, medical devices, and consumer healthcare products. Its primary revenue streams are derived from sales to retailers, wholesalers, distributors, hospitals, and healthcare professionals. The company holds a leading market position in many of its product categories due to its strong brand recognition, extensive research and development capabilities, and global reach.
Worldwide sales increased by 2.3% to $21.4 billion, driven by a 3.9% operational growth. However, currency fluctuations negatively impacted sales by 1.6%. This indicates underlying strength but also vulnerability to external economic factors.
Net earnings for Q1 2024 were $3.255 billion, a significant improvement from a net loss of $68 million in Q1 2023. This reflects positive operational performance and successful cost management.
While net earnings improved significantly, a detailed analysis of margins across different segments is needed to assess the overall profitability trend. Further investigation into the impact of cost optimization initiatives is required.