NASDAQ$MASI

Masimo Corp. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Masimo's Q4 2019 earnings were reported, showing revenue growth and solid financial performance.

Masimo reported a total revenue of $247.5 million for Q4 2019, with product revenue increasing by 11.8% to $247.4 million. The company's GAAP net income per diluted share was $0.92, and non-GAAP net income per diluted share was $0.91.

  • Total revenue reached $247.5 million.
  • Product revenue increased by 11.8%.
  • GAAP net income per diluted share was $0.92.
  • Non-GAAP net income per diluted share was $0.91.

Headline financials

Total Revenue

$248M

Previous: $223M+10.9%
EPS (adj)

$0.91

Previous: $0.83+9.6%
Capital Expenditures

$12.3M

Previous: $4.83M+155.0%
Free Cash Flow

$57.9M

Previous: $58.4M-0.8%
Net Income

$52.9M

Previous: $46.9M+12.8%
Operating Income

$61.6M

Previous: $53.9M+14.2%
Gross Profit

$167M

Previous: $148M+12.5%
Cash & Equivalents

$568M

Previous: $552M+2.8%
Total Assets

$1.4B

Previous: $1.15B+20.9%
Stock-Based Comp

$9.59M

Previous: $7.72M+24.2%

Revenue & EPS history

Masimo · Revenue · Quarterly

$248M

Q4 2019+10.9%vs Q4 2018
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The Company provided the following estimates for its full-year 2020 guidance: Total revenue, including royalty and other revenue $1,035, Product revenue $1,035, Earnings per diluted share $3.64, Non-GAAP Earnings per diluted share $3.56

Tailwinds

  • Product revenue of $1.035 billion, which reflects growth of 10.5% and constant currency growth of 11.0%
  • GAAP earnings per diluted share of $3.64
  • Non-GAAP earnings per diluted share of $3.56
  • Gross margin 67.7%
  • Operating margin 24.0%

Headwinds

  • Estimated tax rate 19.1%
  • Included in our full-year 2020 revenue guidance is approximately $4 million of year-over-year currency headwinds.
  • Risks related to the integration of the acquisition of the Connected Care assets from NantHealth, Inc.
  • Our dependence on Masimo SET® and Masimo rainbow SET™ products and technologies for substantially all of our revenue
  • Any failure in protecting our intellectual property exposure to competitors’ assertions of intellectual property claims

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-0.6%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.6%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+17.2%

Q2 2024

Best reaction

-35.8%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.2%+0.1%+0.4%
Q4 2025+0.1%+7.4%+0.6%
Q3 2025-4.8%-3.0%-4.9%
Q1 2025-6.5%+1.3%+6.5%
Q4 2024+12.3%+12.4%-3.5%
Q3 2024+13.7%+10.2%+14.9%
Q2 2024+17.2%+21.1%+9.0%
Q1 2024-13.0%-11.8%-9.6%
Q4 2023-1.5%-3.2%+12.4%
Q3 2023+2.5%+6.6%+30.5%
Q2 2023-4.1%-7.6%-11.8%
Q1 2023-7.0%-8.0%-16.1%
Q4 2022+4.1%+7.9%+5.6%
Q3 2022-12.1%+3.1%+10.1%
Q2 2022+2.1%-0.2%-0.4%
Q1 2022+7.5%+8.5%+19.8%
Q4 2021-35.8%-31.3%-29.9%
Q3 2021+1.4%-0.7%+0.1%
Q2 2021-0.6%+2.3%+3.8%
Q1 2021-6.9%-5.5%-12.4%
Q4 2020+0.5%+0.3%-9.6%
Q3 2020-5.1%-9.0%-0.3%
Q2 2020-7.2%-6.6%-6.7%
Q1 2020-0.6%+1.7%+9.3%
Q4 2019+0.2%-4.5%-14.5%
Q3 2019-1.5%-2.2%+4.7%
Q2 2019-2.8%-7.8%-3.2%
Q1 2019-1.5%+1.1%-2.9%
Q4 2018+1.3%+3.9%+5.5%
Q3 2018-2.2%-3.3%-4.5%
Q2 2018+8.9%+9.1%+18.6%
Q1 2018+4.3%+7.6%+10.2%
Q4 2017+2.2%-1.4%+2.7%
Q3 2017+1.3%-1.0%+2.3%
Q2 2017-10.3%-10.8%-11.5%
Q1 2017-14.2%-17.0%-12.5%
Q4 2016+5.7%+11.1%+21.9%
Q3 2016+5.5%+10.7%+12.3%
Q2 2016+9.3%+6.1%+14.0%
Q1 2016+7.7%
Q4 2015+5.7%
Q3 2015+4.0%
Q2 2015+6.2%
Q1 2015+1.0%
Q4 2014+8.0%
Q3 2014+7.0%
Q2 2014-11.2%
Q1 2014-9.1%
Q4 2013-4.2%
Q3 2013-9.2%
Q2 2013+5.5%
Q1 2013+7.5%
Q4 2012-0.3%
Q3 2012-1.1%
Q2 2012-6.2%
Q1 2012-6.6%
Q4 2009-3.8%
Q4 2011-3.8%
Q3 2011+1.1%
Q2 2011-8.4%
Q1 2011+4.0%
Q3 2010+0.0%
Q2 2010+1.1%
Q4 2010+1.1%
Q1 2010+2.9%

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