STOCK TITAN

Masimo Announces Select Preliminary 2024 Financial Results and 2025 Guidance

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Masimo (MASI) has released preliminary financial results for Q4 and full-year 2024, along with 2025 guidance. Q4 2024 consolidated revenue is expected to reach $601 million, showing 9% growth. This includes healthcare revenue of $368 million (+8%) and non-healthcare revenue of $232 million (+11%).

For full-year 2024, consolidated revenue is anticipated at $2,094 million (+2%), with healthcare revenue at $1,395 million (+9%) and non-healthcare revenue at $699 million (-10%). Non-GAAP earnings per diluted share is expected to exceed $4.10, reaching the high end of previous guidance.

Looking ahead to 2025, Masimo projects healthcare revenue between $1,500-1,530 million (8-11% growth), Non-GAAP operating profit of $398-406 million (26.5% margin), and Non-GAAP earnings per diluted share of $4.90-5.10. The company is excluding Sound United from non-GAAP measures due to ongoing separation plans.

Masimo (MASI) ha pubblicato risultati finanziari preliminari per il quarto trimestre e per l'intero anno 2024, insieme alle previsioni per il 2025. Si prevede che il fatturato consolidato del Q4 2024 raggiunga $601 milioni, mostrando una crescita del 9%. Questo include entrate sanitarie di $368 milioni (+8%) e entrate non sanitarie di $232 milioni (+11%).

Per l'intero anno 2024, si stima che il fatturato consolidato sia di $2.094 milioni (+2%), con entrate sanitarie di $1.395 milioni (+9%) e entrate non sanitarie di $699 milioni (-10%). Gli utili per azione diluiti Non-GAAP dovrebbero superare i $4,10, raggiungendo il limite superiore delle previsioni precedenti.

Guardando al 2025, Masimo prevede entrate sanitarie tra $1.500-1.530 milioni (crescita dell'8-11%), un utile operativo Non-GAAP di $398-406 milioni (margine del 26,5%) e utili per azione diluiti Non-GAAP di $4,90-5,10. L'azienda esclude Sound United dalle misure Non-GAAP a causa dei piani di separazione in corso.

Masimo (MASI) ha publicado resultados financieros preliminares para el cuarto trimestre y el año completo 2024, junto con las proyecciones para 2025. Se espera que los ingresos consolidados del Q4 2024 alcancen $601 millones, mostrando un crecimiento del 9%. Esto incluye ingresos sanitarios de $368 millones (+8%) y ingresos no sanitarios de $232 millones (+11%).

Para el año completo 2024, se anticipan ingresos consolidados de $2.094 millones (+2%), con ingresos sanitarios de $1.395 millones (+9%) y ingresos no sanitarios de $699 millones (-10%). Se espera que las ganancias por acción diluidas No-GAAP superen los $4,10, alcanzando el límite superior de las previsiones anteriores.

Mirando hacia 2025, Masimo proyecta ingresos sanitarios entre $1.500-1.530 millones (crecimiento del 8-11%), un beneficio operativo No-GAAP de $398-406 millones (margen del 26,5%) y ganancias por acción diluidas No-GAAP de $4,90-5,10. La empresa está excluyendo a Sound United de las medidas No-GAAP debido a los planes de separación en curso.

Masimo (MASI)는 2024년 4분기 및 연간 초기 재무 결과와 2025년 전망을 발표했습니다. 2024년 4분기 통합 수익은 $601백만에 이를 것으로 예상되며, 이는 9% 성장한 수치입니다. 여기에는 의료 수익이 $368백만(+8%), 비의료 수익이 $232백만(+11%)이 포함됩니다.

2024년 전체 연간 통합 수익은 $2,094백만(+2%)으로 예상되며, 의료 수익은 $1,395백만(+9%)과 비의료 수익은 $699백만(-10%)으로 추정됩니다. 희석 주당 비 GAAP 수익은 $4.10을 초과할 것으로 보이며, 이전 예상의 상단 범위에 도달할 것입니다.

2025년을 바라보며 Masimo는 의료 수익을 $1,500-1,530백만(8-11% 성장)으로 전망하며, 비 GAAP 운영 이익은 $398-406백만(26.5% 마진), 비 GAAP 희석 주당 수익은 $4.90-5.10이 될 것으로 보입니다. 회사는 진행 중인 분리 계획으로 인해 Sound United를 비 GAAP 측정에서 제외하고 있습니다.

Masimo (MASI) a publié des résultats financiers préliminaires pour le quatrième trimestre et l'année complète 2024, accompagnés d'une prévision pour 2025. Le chiffre d'affaires consolidé pour le T4 2024 devrait atteindre $601 millions, affichant une croissance de 9 %. Cela comprend des revenus de la santé de 368 millions de dollars (+8 %) et des revenus non liés à la santé de 232 millions de dollars (+11 %).

Pour l'année complète 2024, le chiffre d'affaires consolidé est anticipé à $2.094 millions (+2 %), avec des revenus de la santé à 1.395 millions de dollars (+9 %) et des revenus non liés à la santé à 699 millions de dollars (-10 %). Les bénéfices par action dilués non-GAAP devraient dépasser 4,10 $, atteignant le haut de la fourchette de prévisions précédentes.

En se tournant vers 2025, Masimo projette des revenus de la santé compris entre $1.500-1.530 millions (croissance de 8 à 11 %), un bénéfice d'exploitation non-GAAP de 398 à 406 millions de dollars (marge de 26,5 %) et un bénéfice par action dilué non-GAAP de 4,90 à 5,10 $. L'entreprise exclut Sound United des mesures non-GAAP en raison de plans de séparation en cours.

Masimo (MASI) hat vorläufige Finanzzahlen für das vierte Quartal und das Gesamtjahr 2024 veröffentlicht, zusammen mit den Prognosen für 2025. Der konsolidierte Umsatz im Q4 2024 wird voraussichtlich 601 Millionen US-Dollar erreichen und zeigt ein Wachstum von 9 %. Dies umfasst Gesundheitsumsätze von 368 Millionen US-Dollar (+8 %) und Nicht-Gesundheitsumsätze von 232 Millionen US-Dollar (+11 %).

Für das Gesamtjahr 2024 wird ein konsolidierter Umsatz von 2.094 Millionen US-Dollar (+2 %) erwartet, mit Gesundheitsumsätzen von 1.395 Millionen US-Dollar (+9 %) und Nicht-Gesundheitsumsätzen von 699 Millionen US-Dollar (-10 %). Die nach verwässertem Gewinn pro Aktie berechneten Non-GAAP-Erträge werden voraussichtlich $4,10 überschreiten und damit den oberen Rand der vorherigen Prognosen erreichen.

Für 2025 erwartet Masimo Gesundheitsumsätze zwischen 1.500-1.530 Millionen US-Dollar (Wachstum von 8-11 %), einen Non-GAAP-Betriebsgewinn von 398-406 Millionen US-Dollar (26,5 % Marge) und einen Non-GAAP-Ertrag pro verwässerter Aktie von 4,90-5,10 US-Dollar. Das Unternehmen schließt Sound United aus den Non-GAAP-Messungen aus, da derzeit Pläne zur Trennung in Bearbeitung sind.

Positive
  • Q4 2024 consolidated revenue growth of 9% to $601 million
  • Healthcare segment shows consistent growth with 9% increase in 2024
  • 2025 guidance projects strong healthcare revenue growth of 8-11%
  • Expected Non-GAAP operating margins of at least 26.5% for 2025
  • Projected increase in Non-GAAP EPS from $4.10 in 2024 to $4.90-5.10 in 2025
Negative
  • Non-healthcare revenue declined 10% in full-year 2024
  • Overall consolidated revenue growth to 2% in 2024
  • Planned separation of Sound United business indicates restructuring

Insights

The preliminary results and 2025 guidance reveal compelling financial dynamics. Healthcare revenue growth of 8-11% for 2025 demonstrates robust core business momentum, while the Q4 2024 consolidated revenue of $601 million (+9% YoY) exceeded market expectations. The projected non-GAAP EPS of $4.10 for 2024 hitting the high end of guidance suggests strong operational execution.

The separation of Sound United (non-healthcare segment) signals a strategic pivot to focus on the higher-margin healthcare business. This move could unlock shareholder value, as healthcare revenues show consistent growth (+8% in Q4 2024) with stronger margins. The projected 2025 non-GAAP operating margins of 26.5% indicate potential margin expansion.

The shipment of 65,000 noninvasive technology boards and instruments in Q4 2024 reflects sustained market demand for Masimo's core monitoring solutions. The additional calendar week in 2025 being offset by ASC 842 and portfolio rationalization suggests prudent financial management and conservative guidance approach.

The market implications of these results are significant. Healthcare segment's consistent growth trajectory indicates Masimo's strengthening position in the medical technology space. The $1.5-1.53 billion healthcare revenue guidance for 2025 suggests management's confidence in market share expansion and new product adoption.

The strategic decision to separate Sound United addresses investor concerns about business focus and could potentially lead to better valuation multiples, as pure-play healthcare companies typically command higher valuations. The positive constant currency growth rates across segments demonstrate strong underlying demand despite macro headwinds.

The projected non-GAAP EPS range of $4.90-$5.10 for 2025 represents approximately 20% growth over 2024, indicating substantial earnings momentum. This guidance, combined with portfolio optimization initiatives, positions Masimo favorably in the competitive medical device market landscape.

Complete fourth quarter and full-year 2024 financial results will be announced on Tuesday, February 25, 2025

IRVINE, Calif.--(BUSINESS WIRE)-- Masimo Corporation (Nasdaq: MASI) today announced select preliminary financial results for the fourth quarter and full-year ended December 28, 2024 and provided estimates for its full-year 2025 guidance.

Preliminary Fourth Quarter 2024 Financial Results:

  • Consolidated revenue is expected to be approximately $601 million, representing 9% growth on a reported and constant currency basis(1);
  • Healthcare revenue is expected to be approximately $368 million, representing 8% growth on a reported basis and 9% growth on a constant currency basis(1);
  • Non-healthcare revenue is expected to be approximately $232 million, representing 11% growth on a reported and constant currency basis(1); and
  • Shipments of noninvasive technology boards and instruments are expected to be approximately 65 thousand.

Preliminary Full-Year 2024 Financial Results:

  • Consolidated revenue is expected to be approximately $2,094 million, representing 2% growth on a reported basis and 3% growth on a constant currency basis(1);
  • Healthcare revenue is expected to be approximately $1,395 million, representing 9% growth on a reported basis and 10% growth on a constant currency basis(1);
  • Non-healthcare revenue is expected to be approximately $699 million, representing a 10% decline on a reported basis and a 9% decline on a constant currency basis(1); and
  • Non-GAAP earnings per diluted share is expected to be more than $4.10, which represents the high end of our prior guidance range.

The preliminary financial information presented in this press release is based on Masimo’s current expectations and may be adjusted as a result of, among other things, completion of customary annual audit procedures. Management plans to discuss Masimo’s complete fourth quarter and full-year 2024 financial results after the market closes on Tuesday, February 25, 2025.

Full-Year 2025 Guidance(2):

  • Healthcare revenue of $1,500 million to $1,530 million, representing 8% to 11% growth on a constant currency basis(1);
  • Non-GAAP operating profit(2) of $398 million to $406 million, representing Non-GAAP operating margins of at least 26.5%; and
  • Non-GAAP earnings per diluted share(2) of $4.90 to $5.10.

__________________

(1)

Represents a non-GAAP financial measure for which a reconciliation to the most directly comparable GAAP financial measure is included in this press release.

(2)

Effective fiscal year 2025, we are excluding the financial impact of Sound United from our non-GAAP financial measures and are no longer providing guidance since we are in the process of separating this business. Full-Year 2025 Guidance incorporates the financial impact of one additional calendar week for the healthcare business, which occurs every five or six years based on Masimo’s 4-4-5 fiscal calendar (incremental revenue in fiscal year 2025 from the additional week is primarily offset by ASC 842, product line removals from portfolio rationalization initiatives, and other factors). Financial guidance includes forward-looking non-GAAP financial measures for which reconciliations to the most directly comparable GAAP financial measures are not available without unreasonable efforts. See “Forward-Looking Non-GAAP Financial Measures” below, which identifies the information that is unavailable without unreasonable efforts and provides additional information. It is probable that forward-looking non-GAAP financial measures may be materially different from the corresponding GAAP financial measures. Guidance does not include any use of proceeds from the potential sale of Sound United.

Conference Call

The Company will conduct its fourth quarter 2024 investor conference call on Tuesday, February 25, 2025 at 4:30 p.m. Eastern Time. To register for the conference call and receive the dial-in number, please use the following link: https://registrations.events/direct/Q4I407283360. A replay of the webcast and conference call will be available shortly after the conclusion of the call and will be archived on the Company’s website.

Website Information

To access important information relating to Masimo’s fourth quarter 2024 investor conference call, including the audio webcast and investor presentation, please visit the Investor Relations section of Masimo’s website at https://investor.masimo.com.

Non-GAAP Financial Measures

The non-GAAP financial measures contained herein are a supplement to the corresponding financial measures prepared in accordance with U.S. GAAP. The non-GAAP financial measures presented exclude the items described below. Management uses these non-GAAP financial measures internally for its operating and budgeting purposes, and believes that adjustments for these items assist investors in making comparisons of period-to-period operating results. Furthermore, management believes that the excluded items are not indicative of the Company’s on-going operating performance. These non-GAAP financial measures have certain limitations in that they do not reflect all of the costs associated with the operations of the Company’s business as determined in accordance with GAAP.

Therefore, investors should consider non-GAAP financial measures in addition to, and not as a substitute for, or as superior to, measures of financial performance prepared in accordance with GAAP. The non-GAAP financial measures presented by the Company may be different from the non-GAAP financial measures used by other companies.

The Company has presented the following non-GAAP measures to assist investors in understanding the Company’s net operating results on an on-going basis: (i) constant currency revenue growth %, (ii) non-GAAP net income, (iii) non-GAAP (net income) earnings per diluted share and (iv) non-GAAP operating income/margin. These non-GAAP financial measures may also assist investors in making comparisons of the Company’s operating results with those of other companies. Management believes constant currency revenue growth, non-GAAP operating income/margin, non-GAAP net income and non-GAAP earnings per diluted share are important measures in the evaluation of the Company’s performance and uses these measures to better understand and evaluate our business.

The non-GAAP financial measures reflect adjustments for the following items:

Constant currency revenue adjustments

Some of our sales agreements with foreign customers provide for payment in currencies other than the U.S. Dollar. These foreign currency revenues, when converted into U.S. Dollars, can vary significantly from period-to-period depending on the average and quarter-end exchange rates during a respective period. We believe that comparing these foreign currency denominated revenues by holding the exchange rates constant with the prior year period is useful to management and investors in evaluating our revenue growth rates on a period-to-period basis. We anticipate that fluctuations in foreign exchange rates and the related constant currency adjustments for calculation of our revenue growth rate will continue to occur in future periods.

Acquired tangible asset amortization

These transactions represent amortization expense in connection with business or assets acquisitions associated with acquired tangible assets and asset valuation step-ups.

Acquired intangible asset amortization

These transactions represent amortization expense in connection with business or assets acquisitions associated with acquired intangible assets including, but not limited to customer relationships, intellectual property, trade names and non-competition agreements.

Acquisition, integration and related costs

These transactions represent gains, losses, and other related costs associated with acquisitions, integrations, investments, divestitures, assets impairments, and in-process research and development.

Business transition and related costs

These transactions represent gains, losses, and other related costs associated with business transition plans. These items may include but are not limited to severance, relocation, consulting, leasehold exit costs, asset impairment, and other related costs to rationalize our operational footprint and optimize business results.

Litigation related expenses and settlements (prior definition)

These transactions represent gains, losses, and other related costs associated with certain litigation matters, which can vary in their characteristics, frequency and significance to our operating results.

Litigation related expenses and settlements (updated definition)

We have been engaged in various legal proceedings against Apple since January 2020, including various proceedings in the federal courts, various proceedings in the U.S. Patent and Trademark Office (the “PTO proceedings”), and a proceeding in the U.S. International Trade Commission (the “ITC proceeding”). Although we previously excluded only expenses relating to the ITC proceeding from the definition of “Litigation related expenses and settlements”, beginning with the first quarter of 2024, we have revised the definition of “Litigation related expenses and settlements” to exclude not only expenses relating to the ITC proceeding, but also all other Apple litigation expenses, including those relating to the federal court proceedings and the PTO proceedings. We believe all of the Apple litigation expenses are unique in nature and not indicative of the Company’s on-going operating performance, and this updated definition will provide more useful information to investors by facilitating period-to-period comparisons of our financial performance that otherwise may be obscured by the significant fluctuations in Apple-related litigation expenses.

Other adjustments

In the event there are gains, losses and other adjustments which impact period-to-period comparability and do not represent the underlying ongoing results of the business, the Company may choose to exclude these from non-GAAP earnings.

Financing related adjustments

The Company may enter into various financial arrangements whereby costs are incurred and certain instrument features are valued and expensed accordingly but are not necessarily indicative of the on-going cash flow generation of the Company and therefore excludes these costs from non-GAAP earnings. For GAAP earnings per diluted share purposes, the Company cannot reflect the anti-dilutive impact, if applicable, in its diluted shares calculations. However, the Company believes that reflecting the anti-dilutive impact of these instruments in non-GAAP earnings per diluted share provides management and investors with useful information in evaluating the financial performance of the Company on a per share basis.

Realized and unrealized gains or losses

These transactions represent gains, losses, and other related costs associated with foreign currency denominated transactions and investments. Changes in the underlying currency rates relative to the U.S. Dollar may result in realized and unrealized foreign currency gains and losses between the time these receivables and payables arise and the time that they are settled in cash. Unrealized and realized gains and losses on investments may impact the Company’s reported results of operations for a period. These items are highly variable, difficult to predict and outside the control of those responsible for the underlying operations of the business. Other items also included here are mark-to-market gains and losses of derivative contracts that are not designated as hedging instruments or the ineffective portions of cash flow hedges.

Tax impact of non-GAAP adjustments

In order to reflect the tax effected impact of the non-GAAP adjustments, the Company will adjust the non-GAAP earnings by the approximate tax impact of these adjustments.

Excess tax benefits from stock-based compensation expense

GAAP requires that excess tax benefits recognized on stock-based compensation expense be reflected in our provision for income taxes rather than paid-in capital. As these excess tax benefits may be highly variable from period-to-period, the Company may choose to exclude these tax benefits from non-GAAP earnings to facilitate comparability between periods and with peers.

Forward-Looking Non-GAAP Financial Measures

This presentation also includes certain forward-looking non-GAAP financial measures. We calculate forward-looking non-GAAP financial measures based on internal forecasts that omit certain amounts that would be included in GAAP financial measures. For instance, we exclude the impact of certain charges related to acquisitions, integrations, divestitures and related costs; business transition and related costs; litigation related expenses and settlements; realized and unrealized gains or losses; tax related adjustments; and other adjustments. We have not provided quantitative reconciliations of these forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures because the excluded items are not available on a prospective basis without unreasonable efforts. For example, the timing of certain transactions is difficult to predict because management's plans may change. In addition, the Company believes such reconciliations would imply a degree of precision and certainty that could be confusing to investors. It is probable that these forward-looking non-GAAP financial measures may be materially different from the corresponding GAAP financial measures.

Forward-Looking Statements

All statements other than statements of historical facts included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements including, in particular, the statements about our expectations regarding our 2025 financial guidance, including GAAP and non-GAAP consolidated revenue, healthcare revenue, non-healthcare revenue, consolidated operating income and consolidated earnings per diluted share. These forward-looking statements are based on management’s current expectations and beliefs and are subject to uncertainties and factors, all of which are difficult to predict and many of which are beyond our control and could cause actual results to differ materially and adversely from those described in the forward-looking statements. These risks include, but are not limited to, those related to: our dependence on Masimo SET® and Masimo rainbow SET products and technologies for substantially all of our revenue; any failure in protecting our intellectual property exposure to competitors’ assertions of intellectual property claims; the highly competitive nature of the markets in which we sell our products and technologies; any failure to continue developing innovative products and technologies; our ability to successfully integrate Sound United’s brands into our business; our ability to address and expand into new markets; the lack of acceptance of any of our current or future products and technologies; obtaining regulatory approval of our current and future products and technologies; the risk that the implementation of our international realignment will not continue to produce anticipated operational and financial benefits, including a continued lower effective tax rate; the loss of our customers; the failure to retain and recruit senior management; matters relating to future board and management leadership; product liability claims exposure; a failure to obtain expected returns from the amount of intangible assets we have recorded; the maintenance of our brand; the amount and type of equity awards that we may grant to employees and service providers in the future; our ongoing litigation and related matters; the ability to effect any potential separation of our consumer business described above and to meet any of the conditions related thereto; the approval of any such potential separation by Masimo’s board of directors; the ability of any separated businesses to be successful; potential uncertainty during the pendency of any such potential separation that could affect Masimo’s financial performance; the possibility that any potential separation will not be completed within the anticipated time period or at all; the possibility that any such potential separation will not achieve its intended benefits; the possibility of disruption, including changes to existing business relationships, disputes, litigation or unanticipated costs in connection with any such potential separation; the impact on our employees; the uncertainty of the expected financial performance of Masimo prior to and following completion of any such potential separation; negative effects of the announcement or pendency of any such potential separation on the market price of Masimo’s securities and/or on the financial performance of Masimo; evolving legal, regulatory and tax regimes; changes in general economic and/or industry specific conditions; actions by third parties, including government agencies; and other factors discussed in the “Risk Factors” section of our most recent periodic reports filed with the Securities and Exchange Commission (“SEC”), including our most recent Form 10-K and Form 10-Q, all of which you may obtain for free on the SEC’s website at www.sec.gov. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, even if subsequently made available by us on our website or otherwise. We do not undertake any obligation to update, amend or clarify these forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Fourth Quarter and Full-Year 2024 Preliminary Results versus Fourth Quarter and Full-Year 2023 Actuals:

RECONCILIATION OF HEALTHCARE GAAP TO NON-GAAP CONSTANT CURRENCY REVENUE(1):

 

 

Three Months Ended

(in millions, except percentages)

 

December 28,
2024

 

December 30,
2023

GAAP healthcare revenue

 

$

368

 

 

$

340

Constant currency revenue adjustments

 

 

1

 

 

 

N/A

Non-GAAP healthcare constant currency revenue

 

$

369

 

 

$

340

 

GAAP healthcare revenue growth percentage

 

8

%

Non-GAAP healthcare constant currency revenue growth percentage

 

9

%

__________________

(1) May not foot due to rounding.

RECONCILIATION OF NON-HEALTHCARE GAAP TO NON-GAAP CONSTANT CURRENCY REVENUE(1):

 

 

Three Months Ended

(in millions, except percentages)

 

December 28,
2024

 

December 30,
2023

GAAP non-healthcare revenue

 

$

232

 

 

$

209

Constant currency revenue adjustments

 

 

(1

)

 

 

N/A

Non-GAAP non-healthcare constant currency revenue

 

$

231

 

 

$

209

 

GAAP non-healthcare revenue growth percentage

 

11

%

Non-GAAP non-healthcare constant currency revenue growth percentage

 

11

%

__________________

(1) May not foot due to rounding.

RECONCILIATION OF CONSOLIDATED GAAP TO NON-GAAP CONSTANT CURRENCY REVENUE(1):

 

 

Three Months Ended

(in millions, except percentages)

 

December 28,
2024

 

December 30,
2023

GAAP consolidated revenue

 

$

601

 

 

$

549

Constant currency revenue adjustments

 

 

 

 

 

N/A

Non-GAAP consolidated constant currency revenue

 

$

601

 

 

$

549

 

GAAP consolidated revenue growth percentage

 

9

%

Non-GAAP consolidated constant currency revenue growth percentage

 

9

%

__________________

(1) May not foot due to rounding.

RECONCILIATION OF HEALTHCARE GAAP TO NON-GAAP CONSTANT CURRENCY REVENUE(1):

 

 

Twelve Months Ended

(in millions, except percentages)

 

December 28,
2024

 

December 30,
2023

GAAP healthcare revenue

 

$

1,395

 

 

$

1,275

Constant currency revenue adjustments

 

 

5

 

 

 

N/A

Non-GAAP healthcare constant currency revenue

 

$

1,400

 

 

$

1,275

 

GAAP healthcare revenue growth percentage

 

9

%

Non-GAAP healthcare constant currency revenue growth percentage

 

10

%

__________________

(1) May not foot due to rounding.

RECONCILIATION OF NON-HEALTHCARE GAAP TO NON-GAAP CONSTANT CURRENCY REVENUE(1):

 

 

Twelve Months Ended

(in millions, except percentages)

 

December 28,
2024

 

December 30,
2023

GAAP non-healthcare revenue

 

$

699

 

 

$

773

Constant currency revenue adjustments

 

 

3

 

 

 

N/A

Non-GAAP non-healthcare constant currency revenue

 

$

702

 

 

$

773

 

GAAP non-healthcare revenue growth percentage

 

(10

)%

Non-GAAP non-healthcare constant currency revenue growth percentage

 

(9

)%

__________________

(1) May not foot due to rounding.

RECONCILIATION OF CONSOLIDATED GAAP TO NON-GAAP CONSTANT CURRENCY REVENUE(1):

 

 

Twelve Months Ended

(in millions, except percentages)

 

December 28,
2024

 

December 30,
2023

GAAP consolidated revenue

 

$

2,094

 

 

$

2,048

Constant currency revenue adjustments

 

 

8

 

 

 

N/A

Non-GAAP consolidated constant currency revenue

 

$

2,102

 

 

$

2,048

 

GAAP consolidated revenue growth percentage

 

2

%

Non-GAAP consolidated constant currency revenue growth percentage

 

3

%

__________________

(1) May not foot due to rounding.

Full-Year 2025 Healthcare Financial Guidance:

RECONCILIATION OF HEALTHCARE GAAP TO NON-GAAP CONSTANT CURRENCY REVENUE GUIDANCE(1):

 

 

Low

 

High

 

 

(in millions, except percentages)

 

Full-Year 2025 Guidance

 

Full-Year 2025 Guidance

 

Full-Year 2024

GAAP healthcare revenue

 

$

1,500

 

 

$

1,530

 

 

$

1,395

Constant currency revenue adjustments

 

 

13

 

 

 

13

 

 

 

N/A

Non-GAAP healthcare constant currency revenue

 

$

1,513

 

 

$

1,543

 

 

$

1,395

 

GAAP healthcare revenue growth percentage

 

8

%

 

10

%

Non-GAAP healthcare constant currency revenue growth percentage

 

8

%

 

11

%

__________________

(1) May not foot due to rounding.

About Masimo

Masimo (Nasdaq: MASI) is a global technology company that develops and produces a wide array of industry-leading monitoring technologies, including innovative measurements, sensors, patient monitors, and automation and connectivity solutions. In addition, Masimo Consumer Audio is home to eight legendary audio brands, including Bowers & Wilkins®, Denon®, Marantz®, and Polk Audio®. Our mission is to improve life, improve patient outcomes; and reduce the cost of care. Masimo SET® Measure-through Motion and Low Perfusion pulse oximetry, introduced in 1995, has been shown in over 100 independent and objective studies to outperform other pulse oximetry technologies. Masimo SET® has also been shown to help clinicians reduce severe retinopathy of prematurity in neonates, improve CCHD screening in newborns, and, when used for continuous monitoring with Masimo Patient SafetyNet in post-surgical wards, reduce rapid response team activations, ICU transfers, and costs. Masimo SET® is estimated to be used on more than 200 million patients in leading hospitals and other healthcare settings around the world, and is the primary pulse oximetry at all 10 U.S. hospitals as ranked in the 2024 Newsweek World’s Best Hospitals listing. In 2005, Masimo introduced rainbow® Pulse CO-Oximetry technology, allowing noninvasive and continuous monitoring of blood constituents that previously could only be measured invasively, including total hemoglobin (SpHb®), oxygen content (SpOC), carboxyhemoglobin (SpCO®), methemoglobin (SpMet®), Pleth Variability Index (PVi®), RPVi (rainbow® PVi), and Oxygen Reserve Index (ORi). In 2013, Masimo introduced the Root® Patient Monitoring and Connectivity Platform, built from the ground up to be as flexible and expandable as possible to facilitate the addition of other Masimo and third-party monitoring technologies; key Masimo additions include Next Generation SedLine® Brain Function Monitoring, O3® Regional Oximetry, and ISA Capnography with NomoLine® sampling lines. Masimo’s family of continuous and spot-check monitoring Pulse CO-Oximeters® includes devices designed for use in a variety of clinical and non-clinical scenarios, including tetherless, wearable technology, such as Radius-7®, Radius PPG® and Radius VSM, portable devices like Rad-67®, fingertip pulse oximeters like MightySat® Rx, and devices available for use both in the hospital and at home, such as Rad-97® and the Masimo W1® Medical Watch. Masimo hospital and home automation and connectivity solutions are centered around the Masimo Hospital Automation platform, and include Iris® Gateway, iSirona, Patient SafetyNet, Replica®, Halo ION®, UniView®, UniView :60, and Masimo SafetyNet. It’s growing portfolio of health and wellness solutions includes Radius T and Masimo W1. Additional information about Masimo and its products may be found at www.masimo.com.

RPVi has not received FDA 510(k) clearance and is not available for sale in the United States. The use of the trademark Patient SafetyNet is under license from University HealthSystem Consortium.

Masimo, SET, Signal Extraction Technology, Improving Patient Outcome and Reducing Cost of Care... by Taking Noninvasive Monitoring to New Sites and Applications, rainbow, SpHb, SpOC, SpCO, SpMet, PVI and ORI are trademarks or registered trademarks of Masimo Corporation.

Investor Contact: Eli Kammerman

(949) 297-7077

ekammerman@masimo.com

Media Contact: Evan Lamb

(949) 396-3376

elamb@masimo.com

Media Contact: Longacre Square Partners

masimo@longacresquare.com

Source: Masimo Corporation

FAQ

What is Masimo's (MASI) expected revenue for Q4 2024?

Masimo's preliminary Q4 2024 consolidated revenue is expected to be approximately $601 million, representing 9% growth on both reported and constant currency basis.

How much did Masimo's (MASI) healthcare revenue grow in 2024?

Masimo's healthcare revenue grew by 9% on a reported basis to $1,395 million in 2024, or 10% growth on a constant currency basis.

What is Masimo's (MASI) earnings guidance for 2025?

Masimo projects Non-GAAP earnings per diluted share of $4.90 to $5.10 for 2025.

Why is Masimo (MASI) excluding Sound United from 2025 guidance?

Masimo is excluding Sound United from non-GAAP financial measures as they are in the process of separating this business.

What are Masimo's (MASI) projected operating margins for 2025?

Masimo projects Non-GAAP operating margins of at least 26.5% for 2025, with operating profit between $398 million to $406 million.

Masimo Corporation

NASDAQ:MASI

MASI Rankings

MASI Latest News

MASI Stock Data

9.25B
49.16M
8.19%
95.03%
6.44%
Medical Devices
Electromedical & Electrotherapeutic Apparatus
Link
United States of America
IRVINE