Sales for Philips Healthcare during the three months ended Sept. 30 were about $321 million higher than the $2.35 billion in global sales reported for Q3 2009.
The Royal Philips Electronics (NYSE:PHG) division recorded $2.67 billion in third-quarter revenues, a 13.6 percent increase.
Earnings before interest, taxes and amortization for the North Andover, Massachusetts-based division were $364 million, or 13.6 percent of the Netherlands-based company’s sales, up from $226 million a year ago.
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The sales growth was driven by strong performances from Philips Healthcare’s home healthcare solutions and patient care and clinical informatics groups. The healthcare division saw improvements in earnings across all of its businesses.
In fact, all business segments — except imaging systems — within the unit saw higher comparable sales during the quarter. Philips operates its global computed tomography (CT) and nuclear medicine businesses from Highland Heights, Ohio, where it employs 1,100.
Orders for Philips Healthcare equipment rose by 7 percent internationally on a comparable basis, with North American sales up 11 percent and emerging markets enjoying a 20 percent leap, Philips said (PDF).
Overall, Royal Philips Electronics posted net earnings of $676 million, or 71 cents per diluted share, on revenues of $7.95 billion. That compares with net earnings of $227 million, or 25 cents per diluted share, on sales of $7.25 million during the same period last year.
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The Massachusetts Medical Devices Journal is the online journal of the medical devices industry in the Commonwealth and New England, providing day-to-day coverage of the devices that save lives, the people behind them, and the burgeoning trends and developments within the industry.
