Q1 2025 Masimo Corp Earnings Call Transcript
Key Points
- Masimo Corp (MASI) reported double-digit revenue growth and EPS growth of more than 50% for the first quarter.
- The healthcare revenue reached $371 million, growing 10% on a constant currency basis.
- Operating margin expanded by 750 basis points year over year, demonstrating strong operational efficiency.
- The company announced the divestiture of its Consumer Audio business, Sound United, to refocus on its core healthcare operations.
- Masimo Corp (MASI) plans to leverage its leadership in pulse oximetry and expand into advanced monitoring categories, including capnography and hemodynamics.
- The company faces potential impacts from new tariffs, which could affect operating margins and EPS.
- There was a reported net loss from discontinued operations of $218 million, including a $295 million impairment charge for the audio business.
- The timing of shipments related to a large tender contract resulted in lower-than-expected consumable sales for the quarter.
- Masimo Corp (MASI) experienced an incident affecting its website and systems, though it is not expected to impact guidance.
- The company is navigating a fluid situation with tariffs, which could lead to increased costs and require mitigation strategies.
Good afternoon, ladies and gentlemen, and welcome to Masimo's first-quarter 2025 earnings conference call. The company's press release is available at www.massimo.com. (Operator Instructions)
I'm pleased to introduce Eli Kammerman, Masimo's Vice President of Business Development and Investor Relations. Please go ahead.
Hello, everyone. Joining me today are CEO, Katie Szyman; and CFO, Micah Young. Before we begin, I'd like to inform you that this call will contain forward-looking statements. Actual results may differ materially from those expressed or implied as a result of certain risks and uncertainties. These risks and uncertainties are described in detail in our periodic filings with the SEC.
Also, this call will include a discussion of certain financial measures that are not calculated in accordance with Generally Accepted Accounting Principles or GAAP. We generally refer to these as non
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