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St. Jude Medical Reports Fourth Quarter And Full-Year 2012 Results

Fourth quarter pacemaker sales were $260 million, an 11 percent decrease compared to the fourth quarter of 2011. Total pacemaker sales for 2012 were $1.111 billion, down 8 percent compared to pacemaker sales in 2011. On a constant currency basis, total pacemaker sales declined 6 percent from the prior year.

Atrial Fibrillation (AF)

AF product sales for the fourth quarter totaled $239 million, a 10 percent increase over the fourth quarter of 2011. On a constant currency basis, AF product sales increased 11 percent in the fourth quarter of 2012. For the full-year 2012, AF product sales were $898 million, an increase of 9 percent over the prior year. On a constant currency basis, AF product sales increased 12 percent in 2012.

Cardiovascular

Total cardiovascular sales, which primarily include vascular and structural heart products, were $338 million for the fourth quarter of 2012, approximately equal to the fourth quarter of 2011. Total cardiovascular product sales for 2012 were $1.328 billion, down 1 percent from 2011, including a $36 million decrease due to unfavorable foreign currency translations. On a constant currency basis, cardiovascular product sales increased 2 percent in 2012.

Total structural heart product sales for the fourth quarter of 2012 were $152 million, approximately equal compared with the fourth quarter of 2011. Total structural heart product sales for 2012 were $612 million, an increase of 3 percent compared to 2011 or 6 percent on a currency neutral basis.

Sales of vascular products in the fourth quarter of 2012 were $186 million, a 2 percent decrease from the fourth quarter of 2011. Total vascular product sales for 2012 were $716 million, down about 3 percent from 2011 or down 1 percent on a constant currency basis.

Neuromodulation

St. Jude Medical sales of neuromodulation products were $113 million in the fourth quarter of 2012, down 7 percent from the prior year. Total neuromodulation product sales for 2012 were $423 million, up 1 percent over the prior year including a $7 million decrease due to unfavorable currency translations.

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