How did SYK's Q4 2024 earnings surprise investors?

Stryker Corporation (SYK) delivered an earnings report for the fourth quarter of 2024 that included several key metrics that surpassed investor expectations, leading to a positive surprise: 1. **Revenue Surpassed Expectations**: Stryker's revenue for Q4 2024 was reported at $6.44 billion, marking a 10.7% increase over the same period the previous year. This revenue figure exceeded the consensus estimate of $6.35 billion, indicating a pleasant surprise for investors. 2. **Earnings Per Share (EPS) Beat Expectations**: The diluted EPS for Q4 2024 was $1.41, which, although it decreased from the previous year's $1.46, still surpassed investor expectations. The company's adjusted EPS of $4.01 represented a 15.9% increase, reflecting strong profitability. 3. **Organic Sales Growth**: Stryker's organic net sales for the quarter increased by 10.2%, including contributions from increased unit volume and higher prices. This organic growth momentum is a positive signal for investors, indicating the company's ability to generate sales from its core business activities. 4. **Operating Income Margin Expansion**: The company's reported operating income margin for Q4 2024 was 9.0%, with an adjusted operating income margin of 29.2%. The adjusted margin represents a significant 200 basis points increase, reflecting improved operational efficiency and profitability. In summary, Stryker's Q4 2024 earnings report showcased strong revenue growth, robust profitability, and operational efficiency, leading to a positive surprise for investors. The company's performance indicates a solid foundation for future growth and continued market presence.