St. Jude Medical Named to FORTUNE 500 List of Companies

St. Jude Medical, Inc. (NYSE:STJ), a global medical device company, today announced that FORTUNE has ranked the company 445 on its 2010 FORTUNE 500 list. This marks the first time St. Jude Medical has been ranked among the FORTUNE 500. The full list and related stories appear in the May 3 issue of FORTUNE, available on newsstands Monday, April 19, and now at fortune.com/500.

The annual FORTUNE 500 list ranks all U.S. companies by revenue. In 2009, St. Jude Medical reported net sales of $4.681 billion. St. Jude Medical first appeared on the FORTUNE 1000 in 2004. The company’s five-year compounded annual growth rate since that time is 15.5 percent (from 2004 through 2009).

Commenting on the company’s ranking, St. Jude Medical Chairman, President and Chief Executive Officer Daniel J. Starks said, “St. Jude Medical is committed to continuous innovation and growth in its people, products and programs. We are happy that these efforts have helped grow the company to become one of the 500 largest public corporations in America. We are also honored to be contributing to one of the most successful years in the history of the FORTUNE 500.”

FORTUNE editor-at-large Shawn Tully writes, “U.S. corporations are staging a nearly unprecedented comeback that’s largely escaping notice … For 2009, the FORTUNE 500 lifted earnings 335 percent, to $391 billion, a $301 billion jump that’s the second largest in the list’s 56-year history, approaching the increase in the robust recovery of 2003. For last year the 500 raised their return on sales from less than 1 percent to 4 percent. That’s close to the list’s 4.7 percent historical average.”

In addition to the FORTUNE 500 ranking, St. Jude Medical has been recognized by FORTUNE as one of the “Most Admired Companies” for six consecutive years. The company is also a member of the S&P 500.

About FORTUNE

FORTUNE magazine is a global leader in business journalism with a worldwide circulation of more than 1 million and a readership of nearly 5 million, with major franchises including the FORTUNE 500 and the FORTUNE 100 Best Companies to Work For. FORTUNE Live Media extends the brand's mission into live events, hosting a wide range of annual conferences, including FORTUNE’s Most Powerful Women and the FORTUNE Global Forum. FORTUNE publishes English-language editions in Europe and Asia, and local-language editions in China and South Korea. FORTUNE magazine’s online home is CNNMoney.com, the most visited and utilized business destination Web site.

About St. Jude Medical

St. Jude Medical develops medical technology and services that focus on putting more control into the hands of those who treat cardiac, neurological and chronic pain patients worldwide. The company is dedicated to advancing the practice of medicine by reducing risk wherever possible and contributing to successful outcomes for every patient. St. Jude Medical is headquartered in St. Paul, Minn. and has four major focus areas that include: cardiac rhythm management, atrial fibrillation, cardiovascular and neuromodulation. For more information, please visit sjm.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements include the expectations, plans and prospects for the Company, including potential clinical successes, anticipated regulatory approvals and future product launches, and projected revenues, margins, earnings and market shares. The statements made by the Company are based upon management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include market conditions and other factors beyond the Company’s control and the risk factors and other cautionary statements described in the Company’s filings with the SEC, including those described in the Risk Factors and Cautionary Statements sections of the Company’s Annual Report on Form 10-K for the fiscal year ended January 2, 2010. The Company does not intend to update these statements and undertakes no duty to any person to provide any such update under any circumstance.

SJM (NYSE:STJ)
Historical Stock Chart
From Jun 2024 to Jul 2024