Masimo Corporation


SKU: MASI-1 Category:


Masimo Corporation: Proposed Separation of Consumer Health Division


Masimo Corporation reported its first quarter 2024 results with both encouraging and modest aspects. The company achieved a consolidated revenue of $493 million with healthcare revenues at the high end of guidance at $340 million, representing a 2% decline compared to the previous year. This figure aligns with the challenging comparison against the prior year’s performance, particularly in a period following intense COVID-19 related activities. A key positive emerged from the operational adjustments, notably the successful advanced transition of sensor production to Malaysia from Mexico, designed to enhance gross margins. More than two-thirds of sensor production has been shifted, contributing to an improved outlook on profitability with non-GAAP gross margins reported at 52% for the quarter. The transition not only indicates effective management strategy but also highlights potential for continued margin improvements.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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