May 1 (Reuters) - Stryker beat Wall Street
estimates for quarterly profit on Thursday, fueled by strong
demand for its medical and surgical devices.
Device makers have benefited from a surge in demand as more
people in the U.S., particularly older Americans, sought health
care services and surgical procedures.
The Portage, Michigan-based company expects the demand for
surgical procedures to continue through the year-end, but
expects a tariff impact of about $200 million in 2025.
"We expect to offset tariff costs through our continued
sales momentum, the leveraging of our manufacturing footprint,
disciplined spending and better than expected foreign currency
impacts," Chief Financial Officer Preston Wells said.
Stryker revised its 2025 profit outlook to between $13.20
and $13.45 per share, down from the previous $13.45 to $13.70
range, which had excluded a 20-30 cent impact from its
acquisition of Inari Medical.
Analysts expect a profit of $13.35 per share, according to
data compiled by LSEG.
Sales at Stryker's medical surgery and neurotechnology unit
rose 13.4% to $3.5 billion, while sales at its orthopedics
segment increased 9.7% to $2.4 billion.
The company, which makes implants used in joint replacement
and trauma surgeries, said it saw some supply disruptions in the
quarter which would linger through the next quarter
Total revenue was $5.9 billion for the quarter ended March
31, above analysts' expectations of $5.7 billion.
On an adjusted basis, the company earned $2.84 per share,
beating estimates of $2.70 per share.