company SYK - SteadyBase

steadybase-$ company SYK

account_id none on file

legal_name Stryker Corp

ticker SYK

cik 310764

domain stryker.com

linkedin_company_url https://www.linkedin.com/company/stryker

entry_point_account_id none on file

name Stryker Corporation

exchange NYSE

sector Health Care

hq Portage, MI, United States

irhttps://www.stryker.com/ir/en/index.html

sector index/company/sector/health-care/

calls 12 filings 40 executives 7 family 0

why_nownone on file

calls

You look at hiring, that's completely in our control. You look at, you know, travel and meetings, completely in our control. And so a lot of these just come down to, say, good budgeting, let's say, in terms of how we plan it and how we know that we have the confidence that we're going to be able to drive that margin.

Jul 30, 2024 / receipt, needs a key / Glenn, CFO | earnings call 2024-07-30 | transcript abdf7082-6f19-4007-b67b-39f243bb2ba6 | chars 27988-28306 | segment 28

Our adjusted SG&A was 34.5% of sales, which was 140 basis points higher than the third quarter of 2022 due to continued investments, including sales growth incentives and a more normalized cadence of travel and meetings.

Nov 2, 2023 / receipt, needs a key / Glenn Bainline, CFO | earnings call 2023-11-02 | transcript 1ba5fca5-c7dd-4e80-abf6-bce70df613d9 | chars 10777-10997 | segment 10

These cover most of our discretionary spending, including curtailments in hiring, travel, meetings, and consultants.

Jan 27, 2021 / receipt, needs a key / Glenn (Executive), other | earnings call 2021-01-27 | transcript 616ba874-c284-4e99-a8a8-9d18f841df6e | chars 14962-15078 | segment 15

All of the spend control measures that were enacted in March continued through Q3. These measures covered most of our discretionary spending, including curtailments in hiring, travel, meetings, and outside consultants.

Oct 29, 2020 / receipt, needs a key / Kevin Lobo, CEO | earnings call 2020-10-29 | transcript b7f1079b-d047-4a8e-b2f1-f183995ff343 | chars 13279-13497 | segment 13

And these were, you know, kind of things that other companies probably have looked at, travel, meetings, training, consulting, and just the real whole gamut of discretionary spending was really kind of locked down.

Oct 29, 2020 / receipt, needs a key / Glenn, CFO | earnings call 2020-10-29 | transcript b7f1079b-d047-4a8e-b2f1-f183995ff343 | chars 34153-34367 | segment 34

In summary for the quarter, our adjusted operating margin was 12.5% of sales, The measures we enacted in March covering most of our discretionary spending, including curtailments in hiring, travel, meetings, and consulting, as well as the idling of certain manufacturing lines and facilities, including furloughing the related workers, continued throughout the second quarter.

Jul 30, 2020 / receipt, needs a key / Kevin Preston, CEO | earnings call 2020-07-30 | transcript ff32203e-bc01-4629-8e05-f5a53cbc2106 | chars 14718-15094 | segment 14

Our cost containment measures included significant reductions in travel and meetings, a slowdown in hiring, and salary reductions across senior leaders.

Jul 30, 2020 / receipt, needs a key / Kevin Alobo, CEO | earnings call 2020-07-30 | transcript ff32203e-bc01-4629-8e05-f5a53cbc2106 | chars 2931-3083 | segment 2

From a cost structure standpoint, you know, we are sort of experiencing a sort of new ways of working and being more virtual and obviously saving on travel and other things.

Jul 30, 2020 / receipt, needs a key / Kevin Lobo, CEO | earnings call 2020-07-30 | transcript ff32203e-bc01-4629-8e05-f5a53cbc2106 | chars 26342-26515 | segment 26

So the qualitative commentary is what the pandemic has provided us is really shown us how effective we can be without having to be the high cost, high travel company we've been historically.

Jul 30, 2020 / receipt, needs a key / Kevin Lobo, CEO | earnings call 2020-07-30 | transcript ff32203e-bc01-4629-8e05-f5a53cbc2106 | chars 45952-46142 | segment 46

Given the current environment, we enacted measures in March covering most of our discretionary spending. These included curtailments in hiring, travel, meetings, consultants, as well as the idling of certain manufacturing lines and facilities, including furloughing the related workers.

Apr 30, 2020 / receipt, needs a key / Kevin Lobo, CEO | earnings call 2020-04-30 | transcript 4980446e-935c-4be7-9f65-3c4a3a05ef60 | chars 15653-15939 | segment 15

We took a number of steps in March to aggressively limit travel to ensure the safety of our employees and customers while ensuring our essential personnel were available to support healthcare workers around the world.

Apr 30, 2020 / receipt, needs a key / Kevin Lobo, CEO | earnings call 2020-04-30 | transcript 4980446e-935c-4be7-9f65-3c4a3a05ef60 | chars 2790-3007 | segment 2

I will say that, you know, to the extent expenses are discretionary, what I've mentioned, travel meetings, consulting, and many other things, we have curtailed those or discontinued those.

Apr 30, 2020 / receipt, needs a key / Glenn, CFO | earnings call 2020-04-30 | transcript 4980446e-935c-4be7-9f65-3c4a3a05ef60 | chars 28614-28802 | segment 29

filings

Clinical Study Coordinator | {"ats": "workday", "city": null, "state": null, "job_id": "/job/Amsterdam-Netherlands/Clinical-Study-Coordinator_R571889", "remote": false, "category": "other", "function"