Masimo Corporation (MASI), a company specializing in health technology and consumer electronics, announced an increase in its preliminary earnings and revenue for the year.
For the 12-month period ending December 28, 2024, the company reported an adjusted earnings per share exceeding $4.10, surpassing the previous year's $3.79 per share. The revenue is projected to reach approximately $2.094 billion, reflecting a year-over-year increase of 2%.
In the healthcare sector, revenue is expected to be about $1.395 billion, marking a 9% improvement from the prior year. Conversely, revenue from non-healthcare segments is anticipated to be roughly $699 million, indicating a 10% decrease compared to the previous year.
Looking forward to the full-year 2025, Masimo forecasts an earnings per share, excluding specific items, to range between $4.90 to $5.10. Additionally, the company expects an adjusted operating profit between $398 million and $406 million, which translates to an adjusted operating margin of at least 26.5%.
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