Loading...
•
Oct 02, 2021
Masimo Q3 2021 Earnings Report
Masimo's Q3 2021 financial performance reflected double-digit revenue growth and EPS growth that exceeded expectations.
Key Takeaways
Masimo reported product revenue of $307.4 million, GAAP net income per diluted share of $1.00, and non-GAAP net income per diluted share of $0.94 for the third quarter of 2021.
Product revenue was $307.4 million.
GAAP net income per diluted share was $1.00.
Non-GAAP net income per diluted share was $0.94.
GAAP operating margin was 22.0%.
Forward Guidance
The Company provided the following updated estimates for its full-year 2021 guidance: Product revenue of $1,230 million, GAAP earnings per diluted share of $3.88, and Non-GAAP earnings per diluted share of $3.88.
Positive Outlook
- Product revenue of $1,230 million, which reflects 7.5% reported growth and 6.8% growth on a constant currency basis
- GAAP earnings per diluted share of $3.88
- Non-GAAP earnings per diluted share of $3.88
- Gross margin 65.3%
- Operating margin 22.3%
Challenges Ahead
- Included in our full-year 2021 revenue guidance is approximately $9.0 million of year-over-year currency tailwinds, which is a $1.0 million decrease from our prior guidance.
- Estimated tax rate 18.0%
- Acquisition, integration and related costs
- Litigation related expenses, settlements and awards
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...