Masimo Corporation (MASI), a health technology and consumer electronics company, on Thursday reported a rise in annual preliminary earnings and revenue.
For the 12-month period to December 28, 2024, the company registered adjusted income per share of over $4.10, higher than $3.79 per share, recorded for the previous year. Revenue is anticipated to be around $2.094 billion, with a year-on-year growth of 2 percent.
Healthcare revenue is expected to be approximately $1.395 billion, up 9 percent from last year. Non-healthcare revenue is projected to be around $699 million, a decline of 10 percent from the prior year.
Looking ahead, for the full-year 2025, excluding items, Masimo expects income per share of $4.90 to $5.10, with adjusted operating profit of $398 million to $406 million, representing adjusted operating margins of at least 26.5 percent.
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