Healthcare
Medical Devices
$142.80B
52K
Key insights and themes extracted from this filing
Net sales increased by 11.9% YoY to $5,494 million, with growth in constant currency at 12.0%. This was driven by increased unit volume and higher prices across all segments, with MedSurg and Neurotechnology leading the growth.
Operating income increased to $1,085 million, up from $931 million YoY, with operating income margin improving to 19.7% from 19.0%. This is attributed to higher sales volume and price increases, partially offset by increased operating expenses.
Net earnings per diluted share increased to $2.16, up from $1.80 YoY, reflecting the strong revenue growth and improved operating performance. This is a significant increase that demonstrates the company's profitability.