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Jul 03, 2021
Masimo Q2 2021 Earnings Report
Announced second quarter financial results
Key Takeaways
Masimo reported strong second quarter results with product revenue increasing to $305.1 million and non-GAAP net income per diluted share of $0.94, exceeding expectations due to a strong increase in single-patient-use sensors.
Product revenue was $305.1 million.
GAAP net income per diluted share was $0.88.
Non-GAAP net income per diluted share was $0.94.
Total cash and cash equivalents were $576.0 million.
Forward Guidance
Masimo provided updated estimates for its full-year 2021 guidance.
Positive Outlook
- Product revenue increasing to $1,216 million, which reflects reported growth of 6.3% and constant currency growth of 5.4%.
- GAAP earnings per diluted share remains at $3.83.
- Non-GAAP earnings per diluted share increasing to $3.85.
- Included in our full-year 2021 revenue guidance is approximately $10.0 million of year-over-year currency tailwinds, which is consistent with our prior guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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