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![Stryker Corp [SYK] reports annual net loss of $3.2 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FSYK.png&w=1200&q=75)
STRYKER CORP [SYK] has reported a net loss of $3.2 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $20.5 billion
Based in KALAMAZOO, Michigan, STRYKER CORP operates in the MANUFACTURING sector.
In the Consolidated Statements Of Earnings for the 12 Months Ended December 31 of 2023, 2022, and 2021, the following financial data is presented:
- Net sales for the year 2023 amounted to $20.5 billion, compared to $18.4 billion in 2022 and $17.1 billion in 2021.
- Cost of sales for 2023 totaled $7.44 billion, higher than the $6.87 billion in 2022 and $6.14 billion in 2021.
- Gross profit reached $13.06 billion in 2023, showing an increase from $11.58 billion in 2022 and $10.97 billion in 2021.
- Operating income for 2023 improved to $3.89 billion, up from $2.84 billion in 2022 and $2.58 billion in 2021.
- Net earnings for 2023 were $3.17 billion, higher than $2.36 billion in 2022 and $1.99 billion in 2021.
Regarding earnings per share of common stock:
- Basic net earnings per share for 2023 stood at $8.34, compared to $6.23 in 2022 and $5.29 in 2021.
- Diluted net earnings per share for 2023 were $8.25, which is an improvement from $6.17 in 2022 and $5.21 in 2021.
The weighted-average shares outstanding for 2023 were as follows:
- Basic shares equaled 379.6 million, slightly higher than 378.2 million in 2022 and 377.0 million in 2021.
- Diluted shares for 2023 were 383.7 million, compared to 382.2 million in 2022 and 382.3 million in 2021.
In summary, the financial performance of the company has shown positive growth in net sales, gross profit, operating income, and net earnings for the year 2023 compared to the previous years. The earnings per share have also increased both in basic and diluted terms, indicating a strong performance in the market.
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