Strong Revenue Growth
Masimo reported an 8% revenue growth for the third quarter, driven by strong demand for their innovative technology.
Operating Margin Expansion
The company achieved a 450 basis points expansion in operating margin, showcasing operational improvements and cost efficiencies.
Increased EPS
Masimo reported a 38% increase in adjusted earnings per share year-over-year.
Record Contracting Performance
The company achieved its strongest third quarter contracting performance with a year-over-year increase of 48% in new contracts.
Strategic Partnerships and Divestitures
Masimo expanded its strategic partnership with Philips and successfully divested Sound United to Harman, resulting in net proceeds of $328 million.
Shareholder Returns
The company returned $350 million to shareholders through share repurchases over the third and fourth quarters.
Raising EPS Guidance
Masimo raised its earnings per share guidance, reflecting confidence in continued strong performance.