Johnson & Johnson Reports 2013 First-Quarter Results: Sales of $17.5 Billion Increased 8.5% Versus 2012 First Quarter; First-Quarter EPS was $1.22 Excluding Special Items, 2013 First-Quarter EPS of $1.44 Increased 5.1%*

NEW BRUNSWICK, N.J., April 16, 2013 /PRNewswire/ -- Johnson & Johnson (NYSE: JNJ)  today announced sales of $17.5 billion for the first quarter of 2013, an increase of 8.5% as compared to the first quarter of 2012.  Operational results increased 9.8% and the negative impact of currency was 1.3%.  Domestic sales increased 11.2%.  International sales increased 6.3%, reflecting operational growth of 8.7% and a negative currency impact of 2.4%.  Sales included the impact of the acquisition of Synthes, Inc., net of the divestiture of the DePuy trauma business, which contributed 5.7% to worldwide operational sales growth.

 

Net earnings and diluted earnings per share for the first quarter of 2013 were $3.5 billion and $1.22, respectively.  First quarter 2013 net earnings included after-tax special items of approximately $0.6 billion, primarily related to litigation expenses, as well as integration and transaction costs related to the acquisition of Synthes, Inc.  First quarter 2012 net earnings included a gain from an after-tax special item of approximately $0.1 billion as shown in the accompanying reconciliation of non-GAAP financial measures.  Excluding these special items, net earnings for the current quarter were $4.1 billion and diluted earnings per share were $1.44, representing increases of 8.0% and 5.1%, respectively, as compared to the same period in 2012.*  

"We delivered solid first quarter results led by the success of many of our recently launched pharmaceutical products and the addition of Synthes to our orthopaedics business.  Also of note is the growth in our over-the-counter medicines business as we continue to make progress in returning a reliable supply of high quality products to our customers," said Alex Gorsky, Chairman and Chief Executive Officer.  "Our investments to advance our pipelines and expand our global presence, along with the outstanding efforts of our talented people, will enable us to continue to deliver sustainable growth and meaningful innovations to patients and customers around the world."

The Company confirmed its earnings guidance for full-year 2013 of $5.35 - $5.45 per share.  The Company's guidance excludes the impact of special items.

Worldwide Consumer sales of $3.7 billion for the first quarter represented an increase of 2.2% versus the prior year consisting of an operational increase of 3.3% and a negative impact from currency of 1.1%.  Domestic sales increased 2.4%.  International sales increased 2.1%, which reflected an operational increase of 3.8% and a negative currency impact of 1.7%.

Positive contributors to operational results were TYLENOL® and MOTRIN® analgesics and upper respiratory over-the-counter medicines; baby care products; LISTERINE® mouthwash; and NEUTROGENA® skin care products. During the quarter, Johnson & Johnson (China) Investment Co., Ltd. completed the acquisition of Shanghai Elsker Mother & Baby Co., Ltd, a well regarded baby care company in China, known for its position in the naturals segment.

Worldwide Pharmaceutical sales of $6.8 billion for the first quarter represented an increase of 10.4% versus the prior year with operational growth of 11.4% and a negative impact from currency of 1.0%.  Domestic sales increased 14.7%.  International sales increased 6.1% which reflected an operational increase of 8.1% and a negative currency impact of 2.0%. 

Primary contributors to operational sales growth were INVEGA® SUSTENNA®/XEPLION® (paliperidone palmitate), a once-monthly, long-acting, injectable atypical antipsychotic for the acute and maintenance treatment of schizophrenia in adults; STELARA® (ustekinumab), a biologic approved for the treatment of moderate to severe plaque psoriasis; SIMPONI® (golimumab), a biologic approved to treat adults with moderate-to-severe rheumatoid arthritis, psoriatic arthritis, and ankylosing spondylitis; REMICADE® (infliximab), a biologic approved for the treatment of a number of immune-mediated-inflammatory diseases; PREZISTA® (darunavir), a treatment for HIV; and sales of recently launched products.

The strong sales results of recently launched products included ZYTIGA® (abiraterone acetate), an oral, once-daily medication for use in combination with prednisone for the treatment of metastatic, castration-resistant prostate cancer; XARELTO® (rivaroxaban), an oral anticoagulant; and INCIVO® (telaprevir), a direct-acting antiviral protease inhibitor, for the treatment of genotype-1 chronic hepatitis C virus.

During the quarter, the U.S. Food and Drug Administration (FDA) approved INVOKANA™ (canagliflozin) for the treatment of adults with type 2 diabetes. INVOKANA™ is the first in a new class of medications called sodium glucose co-transporter 2 (SGLT2) inhibitors to be approved in the United States.  In addition, a Marketing Authorization Application was submitted to the European Medicines Agency seeking approval for a fixed-dose therapy combining canagliflozin and immediate release metformin to treat adult patients with type 2 diabetes.

Also in the quarter, a New Drug Application was submitted to the FDA, as well as regulatory health authorities in Japan, seeking approval for simeprevir (TMC435), an investigational NS3/4A protease inhibitor, for the treatment of genotype 1 chronic hepatitis C in adult patients.  In addition, the FDA granted Breakthrough Therapy Designations for the investigational oral agent ibrutinib as a monotherapy for three B-cell malignancies: in patients with relapsed or refractory mantle cell lymphoma who have received prior therapy; in patients with Waldenstrom's macroglobulinemia; and in patients with chronic lymphocytic leukemia or small lymphocytic lymphoma with deletion of the short arm of chromosome 17. Ibrutinib is jointly being developed by Janssen Research & Development, LLC and Pharmacyclics Inc.  

Worldwide Medical Devices and Diagnostics sales of $7.1 billion for the first quarter represented an increase of 10.2% versus the prior year consisting of an operational increase of 11.9% and a negative currency impact of 1.7%.  Domestic sales increased 11.4%.  International sales increased 9.1%, which reflected an operational increase of 12.2% and a negative currency impact of 3.1%.  Sales included the impact of the acquisition of Synthes, Inc., which contributed approximately 14%, 17% and 12% to worldwide, domestic and international operational sales growth, respectively, net of the divestiture of the DePuy trauma business.

Primary contributors to operational growth were sales from the acquisition of Synthes, Inc., in the Orthopaedics business; Biosense Webster's electrophysiology and Cordis' endovascular products in the Cardiovascular Care business; Vision Care's 1-Day ACUVUE® TRUEYE and 1-Day ACUVUE® MOIST® disposable contact lenses; biosurgical and international sales of energy products in the Specialty Surgery business; and the donor screening and clinical laboratories products in the Diagnostics business in the U.S.  

During the quarter, 510(k) clearance was received from the FDA for the ENSEAL® G2 Articulating Tissue Sealer, the first articulating advanced energy device designed to allow surgeons to take a perpendicular approach to seal vessels, as well as the ENSEAL® G2 Cordless Tissue Sealer Device, a first of its kind self-contained device that includes both a generator and power source.

About Johnson & Johnson
Caring for the world, one person at a time, inspires and unites the people of Johnson & Johnson. We embrace research and science - bringing innovative ideas, products and services to advance the health and well-being of people. Our approximately 128,000 employees at more than 275 Johnson & Johnson operating companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.

* Net earnings and diluted earnings per share excluding special items are non-GAAP financial measures and should not be considered replacements for, and should be read together with, the most comparable GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is included in the financial schedules accompanying this press release and can be found in the Investor Relations section of the Company's website at www.investor.jnj.com.

Johnson & Johnson will conduct a conference call with financial analysts to discuss this news release today at 8:30 a.m., Eastern Time. A simultaneous webcast of the meeting for investors and other interested parties may be accessed by visiting the Johnson & Johnson website at www.investor.jnj.com. A replay and podcast will be available approximately two hours after the live webcast by visiting www.investor.jnj.com.  

Copies of the financial schedules accompanying this press release are available at www.investor.jnj.com/historical-sales.cfm.  These schedules include supplementary sales data, a condensed consolidated statement of earnings, reconciliation of non-GAAP financial measures, and sales of key products/franchises.  Additional information on Johnson & Johnson, including a pharmaceutical pipeline of selected compounds in late stage development can be found on the Company's website at www.jnj.com.

NOTE TO INVESTORS

(This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events.  If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson.  Risks and uncertainties include, but are not limited to, general industry conditions and competition; economic factors, such as interest rate and currency exchange rate fluctuations; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approvals; challenges to patents; significant adverse litigation or government action; impact of business combinations; financial distress and bankruptcies experienced by significant customers and suppliers; changes to governmental laws and regulations and domestic and foreign health care reforms; trends toward health care cost containment; increased scrutiny of the health care industry by government agencies; changes in behavior and spending patterns of purchasers of health care products and services; financial instability of international economies and sovereign risk; disruptions due to natural disasters; manufacturing difficulties or delays; complex global supply chains with increasing regulatory requirements; and product efficacy or safety concerns resulting in product recalls or regulatory action. A further list and description of these risks, uncertainties and other factors can be found in Exhibit 99 of Johnson & Johnson's Annual Report on Form 10-K for the fiscal year ended December 30, 2012.  Copies of this Form 10-K, as well as subsequent filings, are available online at www.sec.gov, www.investor.jnj.com or on request from Johnson & Johnson.   Johnson & Johnson does not undertake to update any forward-looking statements as a result of new information or future events or developments.)

 

 

Johnson & Johnson and Subsidiaries

           

Supplementary Sales Data

                 
                   

(Unaudited; Dollars in Millions)

FIRST QUARTER

         

Percent Change

 

2013

 

2012

 

Total

 

Operations

 

Currency

Sales to customers by

                 

segment of business

                 
                   

Consumer

                 

    U.S.

$      1,348

 

1,316

 

2.4

%

2.4

 

-

    International

2,327

 

2,279

 

2.1

 

3.8

 

(1.7)

 

3,675

 

3,595

 

2.2

 

3.3

 

(1.1)

                   

Pharmaceutical

                 

    U.S.

3,471

 

3,026

 

14.7

 

14.7

 

-

    International

3,297

 

3,107

 

6.1

 

8.1

 

(2.0)

 

6,768

 

6,133

 

10.4

 

11.4

 

(1.0)

                   

Med Devices & Diagnostics

                 

    U.S.

3,206

 

2,877

 

11.4

 

11.4

 

-

    International

3,856

 

3,534

 

9.1

 

12.2

 

(3.1)

 

7,062

 

6,411

 

10.2

 

11.9

 

(1.7)

                   

U.S.

8,025

 

7,219

 

11.2

 

11.2

 

-

International

9,480

 

8,920

 

6.3

 

8.7

 

(2.4)

Worldwide

$    17,505

 

16,139

 

8.5

%

9.8

 

(1.3)

 

 

Johnson & Johnson and Subsidiaries

             

Supplementary Sales Data

                 
                   

(Unaudited; Dollars in Millions)

FIRST QUARTER

         

Percent Change

 

2013

 

2012

 

Total

 

Operations

 

Currency

Sales to customers by

                 

geographic area

                 
                   

U.S.

$     8,025

 

7,219

 

11.2

%

11.2

 

-

                   

Europe

4,481

 

4,194

 

6.8

 

6.2

 

0.6

Western Hemisphere excluding U.S.

1,783

 

1,714

 

4.0

 

9.1

 

(5.1)

Asia-Pacific, Africa

3,216

 

3,012

 

6.8

 

11.8

 

(5.0)

International

9,480

 

8,920

 

6.3

 

8.7

 

(2.4)

                   

Worldwide

$   17,505

 

16,139

 

8.5

%

9.8

 

(1.3)

 

 

Johnson & Johnson and Subsidiaries

             

Condensed Consolidated Statement of Earnings 

       
                   

(Unaudited; in Millions Except Per Share Figures)

FIRST QUARTER

                   
 

2013

 

2012

 

Percent

     

Percent

   

Percent

Increase

 

Amount

 

to Sales

Amount

 

to Sales

(Decrease)

Sales to customers

$ 17,505

 

100.0

 

$ 16,139

 

100.0

 

8.5

Cost of products sold

5,554

 

31.7

 

4,915

 

30.4

 

13.0

Selling, marketing and administrative expenses

5,223

 

29.8

 

5,015

 

31.1

 

4.1

Research and development expense

1,784

 

10.2

 

1,645

 

10.2

 

8.4

In-process research and development

64

 

0.4

 

-

 

-

   

Interest (income) expense, net

104

 

0.6

 

130

 

0.8

   

Other (income) expense, net

515

 

3.0

 

(611)

 

(3.8)

   

Earnings before provision for taxes on income

4,261

 

24.3

 

5,045

 

31.3

 

(15.5)

Provision for taxes on income

764

 

4.3

 

1,135

 

7.1

 

(32.7)

Net earnings

3,497

 

20.0

 

3,910

 

24.2

 

(10.6)

                   

Net earnings per share (Diluted)

$     1.22

     

$     1.41

     

(13.5)

                   

Average shares outstanding (Diluted)

2,858.8

     

2,774.9

       
                   

Effective tax rate

17.9

%

   

22.5

%

     
                   

Adjusted earnings before provision for taxes and net earnings (1)

                 

     Earnings before provision for taxes on income

$   5,070

 

29.0

 

$   4,928

 

30.5

 

2.9

     Net earnings

$   4,107

 

23.5

 

$   3,804

 

23.6

 

8.0

     Net earnings per share (Diluted)

$     1.44

     

$     1.37

     

5.1

     Effective tax rate

19.0

%

   

22.8

%

     
                   

(1)See Reconciliation of Non-GAAP Financial Measures.

         

 

 

Johnson & Johnson and Subsidiaries

             

Reconciliation of Non-GAAP Financial Measures

             
               
 

First Quarter

 

% Incr. /

   

(Dollars in Millions Except Per Share Data)

2013

 

2012

 

(Decr.)

   
               

Earnings before provision for taxes on income - as reported

$   4,261

 

5,045

 

(15.5)

%

 
               

Litigation expenses

529

 

-

       
               

Synthes integration/transaction costs and currency related

258

 

(117)

       
               

In-process research and development

64

 

-

       
               

Other

(42)

 

-

       
               

Earnings before provision for taxes on income - as adjusted

$   5,070

 

4,928

 

2.9

%

 
               

Net Earnings - as reported

$   3,497

 

3,910

 

(10.6)

%

 
               

Litigation expenses

391

 

-

       
               

Synthes integration/transaction costs and currency related

183

 

(106)

       
               

In-process research and development

42

 

-

       
               

Other

(6)

 

-

       
               

Net Earnings - as adjusted 

$   4,107

 

3,804

 

8.0

%

 
               

Diluted Net Earnings per share - as reported

$    1.22

 

1.41

 

(13.5)

%

 
               

Litigation expenses

0.14

 

-

       
               

Synthes integration/transaction costs and currency related

0.06

 

(0.04)

       
               

In-process research and development

0.02

 

-

       
               

Other

-

 

-

       
               

Diluted Net Earnings per share - as adjusted 

$    1.44

 

1.37

 

5.1

%

 
               
               

The Company believes investors gain additional perspective of underlying business trends and results by providing a

measure of earnings before provision for taxes on income, net earnings and diluted net earnings per share that excludes

special items in order to evaluate ongoing business operations.

           

 

 

   

 

REPORTED SALES vs. PRIOR PERIOD ($MM)

 

FIRST QUARTER

         

% Change

   

2013

 

2012

Reported

Operational (1)

Currency

CONSUMER SEGMENT (2) 

             

BABY CARE

             

US

 

$      103

 

99

4.0%

4.0%

-

Intl

 

461

 

441

4.5%

7.7%

-3.2%

WW

 

564

 

540

4.4%

7.0%

-2.6%

ORAL CARE

             

US

 

158

 

155

1.9%

1.9%

-

Intl

 

245

 

232

5.6%

7.3%

-1.7%

WW

 

403

 

387

4.1%

5.1%

-1.0%

OTC/NUTRITIONALS

             

US

 

436

 

381

14.4%

14.4%

-

Intl

 

747

 

723

3.3%

3.9%

-0.6%

WW

 

1,183

 

1,104

7.2%

7.6%

-0.4%

SKIN CARE

             

US

 

453

 

453

0.0%

0.0%

-

Intl

 

449

 

454

-1.1%

-0.4%

-0.7%

WW

 

902

 

907

-0.6%

-0.2%

-0.4%

WOMEN'S HEALTH

             

US

 

81

 

93

-12.9%

-12.9%

-

Intl

 

320

 

316

1.3%

4.9%

-3.6%

WW

 

401

 

409

-2.0%

0.8%

-2.8%

WOUND CARE/OTHER

             

US

 

117

 

135

-13.3%

-13.3%

-

Intl

 

105

 

113

-7.1%

-6.1%

-1.0%

WW

 

222

 

248

-10.5%

-10.0%

-0.5%

               

TOTAL CONSUMER

             

US

 

1,348

 

1,316

2.4%

2.4%

-

Intl

 

2,327

 

2,279

2.1%

3.8%

-1.7%

WW

 

$   3,675

 

3,595

2.2%

3.3%

-1.1%

               
               

See footnotes at end of schedule

             
               
               
               
   

 

REPORTED SALES vs. PRIOR PERIOD ($MM)

 

FIRST QUARTER

         

% Change

   

2013

 

2012

Reported

Operational (1)

Currency

PHARMACEUTICAL SEGMENT (2) (4)

             

IMMUNOLOGY

             

US

 

$   1,639

 

1,453

12.8%

12.8%

-

Intl

 

565

 

442

27.8%

30.1%

-2.3%

WW

 

2,204

 

1,895

16.3%

16.8%

-0.5%

     REMICADE

             

     US 

 

970

 

882

10.0%

10.0%

-

     US Exports (3)

 

349

 

378

-7.7%

-7.7%

-

     Intl

 

281

 

261

7.7%

9.5%

-1.8%

     WW

 

1,600

 

1,521

5.2%

5.5%

-0.3%

     SIMPONI

             

     US

 

94

 

64

46.9%

46.9%

-

     Intl

 

143

 

52

*

*

-3.3%

     WW

 

237

 

116

*

*

-2.0%

     STELARA

             

     US

 

226

 

129

75.2%

75.2%

-

     Intl

 

120

 

92

30.4%

31.2%

-0.8%

     WW

 

346

 

221

56.6%

57.0%

-0.4%

     OTHER IMMUNOLOGY

             

     US

 

-

 

-

-

-

-

     Intl

 

21

 

37

-43.2%

-42.9%

-0.3%

     WW

 

21

 

37

-43.2%

-42.9%

-0.3%

INFECTIOUS DISEASES

             

US

 

238

 

242

-1.7%

-1.7%

-

Intl

 

577

 

513

12.5%

13.5%

-1.0%

WW

 

815

 

755

7.9%

8.6%

-0.7%

     INCIVO

             

     US

 

-

 

-

-

-

-

     Intl

 

162

 

132

22.7%

24.9%

-2.2%

     WW

 

162

 

132

22.7%

24.9%

-2.2%

     INTELENCE

             

     US

 

47

 

43

9.3%

9.3%

-

     Intl

 

42

 

37

13.5%

14.1%

-0.6%

     WW

 

89

 

80

11.3%

11.6%

-0.3%

     PREZISTA

             

     US

 

167

 

160

4.4%

4.4%

-

     Intl

 

200

 

164

22.0%

22.3%

-0.3%

     WW

 

367

 

324

13.3%

13.5%

-0.2%

     OTHER INFECTIOUS DISEASES

             

     US

 

24

 

39

-38.5%

-38.5%

-

     Intl

 

173

 

180

-3.9%

-3.0%

-0.9%

     WW

 

197

 

219

-10.0%

-9.3%

-0.7%

               
               
   

 

REPORTED SALES vs. PRIOR PERIOD ($MM)

 

FIRST QUARTER

         

% Change

   

2013

 

2012

Reported

Operational (1)

Currency

               

NEUROSCIENCE

             

US

 

746

 

674

10.7%

10.7%

-

Intl

 

998

 

973

2.6%

5.6%

-3.0%

WW

 

1,744

 

1,647

5.9%

7.7%

-1.8%

     CONCERTA/METHYLPHENIDATE

             

     US

 

139

 

197

-29.4%

-29.4%

-

     Intl

 

117

 

111

5.4%

6.8%

-1.4%

     WW

 

256

 

308

-16.9%

-16.4%

-0.5%

     INVEGA

             

     US

 

71

 

69

2.9%

2.9%

-

     Intl

 

61

 

52

17.3%

22.0%

-4.7%

     WW

 

132

 

121

9.1%

11.1%

-2.0%

     INVEGA SUSTENNA/ XEPLION

             

     US

 

164

 

100

64.0%

64.0%

-

     Intl

 

120

 

61

96.7%

96.0%

0.7%

     WW

 

284

 

161

76.4%

76.1%

0.3%

     RISPERDAL CONSTA

             

     US

 

106

 

113

-6.2%

-6.2%

-

     Intl

 

229

 

248

-7.7%

-6.0%

-1.7%

     WW

 

335

 

361

-7.2%

-6.0%

-1.2%

     OTHER NEUROSCIENCE

             

     US

 

266

 

195

36.4%

36.4%

-

     Intl

 

471

 

501

-6.0%

-1.8%

-4.2%

     WW

 

737

 

696

5.9%

8.9%

-3.0%

ONCOLOGY

             

US

 

199

 

107

86.0%

86.0%

-

Intl

 

595

 

489

21.7%

23.9%

-2.2%

WW

 

794

 

596

33.2%

35.0%

-1.8%

     VELCADE

             

     US

 

-

 

-

-

-

-

     Intl

 

353

 

353

0.0%

2.5%

-2.5%

     WW

 

353

 

353

0.0%

2.5%

-2.5%

     ZYTIGA

             

     US

 

161

 

100

61.0%

61.0%

-

     Intl

 

183

 

100

83.0%

83.4%

-0.4%

     WW

 

344

 

200

72.0%

72.2%

-0.2%

     OTHER ONCOLOGY

             

     US

 

38

 

7

*

*

-

     Intl

 

59

 

36

63.9%

68.7%

-4.8%

     WW

 

97

 

43

*

*

-4.0%

               
               
               
               
   

 

REPORTED SALES vs. PRIOR PERIOD ($MM)

 

FIRST QUARTER

         

% Change

   

2013

 

2012

Reported

Operational (1)

Currency

TOTAL OTHER

             

US

 

649

 

550

18.0%

18.0%

-

Intl

 

562

 

690

-18.6%

-17.5%

-1.1%

WW

 

1,211

 

1,240

-2.3%

-1.7%

-0.6%

     ACIPHEX/PARIET

             

     US

 

103

 

96

7.3%

7.3%

-

     Intl

 

49

 

126

-61.1%

-60.5%

-0.6%

     WW

 

152

 

222

-31.5%

-31.2%

-0.3%

     PROCRIT/EPREX

             

     US

 

233

 

204

14.2%

14.2%

-

     Intl

 

145

 

172

-15.7%

-15.8%

0.1%

     WW

 

378

 

376

0.5%

0.5%

0.0%

     XARELTO

             

     US

 

158

 

27

*   

*  

-

     Intl

 

-

 

-

-

-

-

     WW

 

158

 

27

*   

*  

-

     OTHER

             

     US

 

155

 

223

-30.5%

-30.5%

-

     Intl

 

368

 

392

-6.1%

-4.4%

-1.7%

     WW

 

523

 

615

-15.0%

-13.9%

-1.1%

               

TOTAL PHARMACEUTICAL

             

US

 

3,471

 

3,026

14.7%

14.7%

-

Intl

 

3,297

 

3,107

6.1%

8.1%

-2.0%

WW

 

$   6,768

 

6,133

10.4%

11.4%

-1.0%

               
               

Supplemental Sales Information

             
   

2012

   

Q1

 

Q2

Q3

Q4

Full Year

INCIVO

             

US

 

-

 

-

-

-

-

Intl

 

132

 

102

71

138

443

WW

 

132

 

102

71

138

443

               

XARELTO

             

US

 

27

 

49

68

95

239

Intl

 

-

 

-

-

-

-

WW

 

27

 

49

68

95

239

               

See footnotes at end of schedule

             
               
               
   

 

REPORTED SALES vs. PRIOR PERIOD ($MM)

 

FIRST QUARTER

         

% Change

   

2013

 

2012

Reported

Operational (1)

Currency

MEDICAL DEVICES AND DIAGNOSTICS (2)

             

CARDIOVASCULAR CARE

             

US

 

$      198

 

176

12.5%

12.5%

-

Intl

 

315

 

306

2.9%

6.2%

-3.3%

WW

 

513

 

482

6.4%

8.5%

-2.1%

DIABETES CARE

             

US

 

283

 

352

-19.6%

-19.6%

-

Intl

 

317

 

318

-0.3%

0.9%

-1.2%

WW

 

600

 

670

-10.4%

-9.8%

-0.6%

DIAGNOSTICS

             

US

 

248

 

253

-2.0%

-2.0%

-

Intl

 

229

 

259

-11.6%

-7.9%

-3.7%

WW

 

477

 

512

-6.8%

-4.9%

-1.9%

INFECTION PREVENTION/OTHER

             

US

 

85

 

116

-26.7%

-26.7%

-

Intl

 

127

 

128

-0.8%

4.1%

-4.9%

WW

 

212

 

244

-13.1%

-10.5%

-2.6%

ORTHOPAEDICS

             

US 

 

1,261

 

783

61.0%

61.0%

-

Intl

 

1,124

 

710

58.3%

60.5%

-2.2%

WW

 

2,385

 

1,493

59.7%

60.7%

-1.0%

SPECIALTY SURGERY

             

US

 

319

 

327

-2.4%

-2.4%

-

Intl

 

308

 

301

2.3%

4.7%

-2.4%

WW

 

627

 

628

-0.2%

1.0%

-1.2%

SURGICAL CARE 

             

US

 

531

 

593

-10.5%

-10.5%

-

Intl

 

977

 

1,032

-5.3%

-2.4%

-2.9%

WW

 

1,508

 

1,625

-7.2%

-5.4%

-1.8%

VISION CARE

             

US

 

281

 

277

1.4%

1.4%

-

Intl

 

459

 

480

-4.4%

1.6%

-6.0%

WW

 

740

 

757

-2.2%

1.6%

-3.8%

               

TOTAL MEDICAL DEVICES AND DIAGNOSTICS

             

US

 

3,206

 

2,877

11.4%

11.4%

-

Intl

 

3,856

 

3,534

9.1%

12.2%

-3.1%

WW

 

$   7,062

 

6,411

10.2%

11.9%

-1.7%

               

* Percentage greater than 100%

             

(1) Operational growth excludes the effect of currency

     

(2) Select areas (unaudited)

             

(3) Reported as U.S. sales

             

(4) Prior year amounts have been reclassified to conform to current year product disclosure

 

 

SOURCE Johnson & Johnson



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