Johnson & Johnson, a manufacturer of health-care products, as well as a provider of related services for the consumer, pharmaceutical, and medical devices and diagnostics markets, employs 110,000 workers in 57 countries. Best known for its Tylenol brand of products, Johnson & Johnson is also home to brands such as Band-Aid, Motrin, Neutrogena, Aveeno and AcuVue.
In an April 19, 2005, press release the company announced that sales of $12.8 billion for the first quarter of 2005 -- an increase of 11.0% over the prior year. The company attributes the increase to operational growth of 8.8% and a favorable currency impact of 2.2%. Domestic sales were up 4.9%, while international sales increased 20.1%, reflecting operational growth of 14.7% and a positive currency impact of 5.4%.
William C. Weldon, CEO, said, "Our strategic principle of being broadly based continues to serve us well. I'm pleased that the strong performance of each of the franchises in our medical devices and diagnostics segment and the solid results in our consumer segment were able to add to the more modest increase from our pharmaceutical business during the quarter."
IW 50 Best Manufacturing Company
