Masimo Preliminary Q2 2024 Revenue Expected To Be ~$496M

Masimo Corporation (NASDAQ:MASI) today announced preliminary revenue and select financial results for the second quarter ended June 29, 2024.

Preliminary Second Quarter 2024 Revenue and Select Financial Results:

• Consolidated revenue is expected to be approximately $496 million, representing 9% growth on a reported basis and 10% growth on a constant currency basis;
• Healthcare revenue is expected to be approximately $344 million, representing 22% growth on a reported basis and 23% growth on a constant currency basis;
• Non-healthcare revenue is expected to be approximately $152 million, representing a 13% decline on a reported basis and an 11% decline on a constant currency basis;
• Incremental value of new healthcare contracts(1) is expected to be approximately $134 million; and
  • Driver shipments(2) are expected to be approximately 58 thousand.