Comparison of Q4 performance of major medical equipment companies in the world in 2015
Medtronic plc reported that its third-quarter revenue and net profit both achieved double-digit growth, mainly due to the acquisition of Covidien PLC. Medtronic’s third-quarter revenue was $6.93 billion, a year-on-year increase of 61%. Net profit was $1.1 billion, up from $977 million in the same period last year. The cardiovascular sector revenue increased 8.4% year-on-year to US$2.41 billion; the recovery therapy sector revenue increased 6.9% year-on-year to US$1.76 billion; the diabetes sector revenue increased 5.6% year-on-year to US$474 million.
Baxter International Inc. announced that its fourth quarter 2015 results exceeded the company's previous estimates. Global sales in the fourth quarter were $2.6 billion, an increase of 2% over the same period last year, and profits were $190 million. For the full year of 2015, Baxter International has global sales of $10 billion and a profit of $400 million.
Stryker Corporation recorded a total of $522 million in the fourth quarter, with revenues of $2.72 billion for the same period. In fiscal year 2015, a total of $1.44 billion was recorded, with annual revenues of $9.95 billion.
Medical science company Boston Scientific lost $142 million in the fourth quarter, compared to $299 million in the same period last year. Operating income rose from $1.89 billion to $1.99 billion.
Zimmer Biomet Holdings Inc reports financial results for the fourth quarter and full year 2015 as of December 31, 2015. Sales for the fourth quarter of 2015 were $1.934 billion, up 58.1% year-on-year; net income was $29.7 million, compared to $154 million in the same period last year. In 2015, the annual sales were 5.998 billion US dollars, an increase of 28.3%; the net income was 49.7 million US dollars, compared with 720 million US dollars in the same period last year.
Medical equipment maker St. Jude Medical, Inc. (St Jude Medical Inc.) fourth-quarter revenue of $ 1.45 billion. The pharmaceutical company has a net income of $113 million.
The US clinical laboratory service provider Laboratory Corp of America reported that it reported a total of $114.2 million in the fourth quarter and a revenue of $2.3 billion in the same period. In fiscal year 2015, a total of $436.9 million was recorded, with a revenue of $6.88 billion for the full year.
US medical supplies producer Patterson Companies reported on Thursday that the company's third-quarter net profit of 56.4 million US dollars, the company's current operating income of 1.4 billion US dollars.
US medical product manufacturer Henry Schein Inc. achieved a net profit of $129.9 million in the fourth quarter. The company's current operating income was $2.85 billion, better than Wall Street expectations. The company's annual profit was 479.1 million US dollars, and its operating income was 10.63 billion US dollars.
Thermo Fisher Scientific Inc. announced its fourth quarter and full year financial results as of December 31, 2015. Revenue in the fourth quarter of 2015 increased to $4.65 billion, compared to $4.49 billion in the same period last year; net profit was $603 million, compared to $601 million in the same period last year. Revenue for the full year of 2015 was US$16.965 billion, and revenue for the full year of 2014 was US$16.89 billion; net profit for 2015 was US$1.975 billion, and net profit for 2014 was US$1.894 billion.
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