NASDAQ$MASI

Masimo Corp. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Masimo's Q4 2023 financial results were announced, featuring consolidated revenue of $548.9 million and non-GAAP EPS of $1.25.

Masimo reported consolidated revenue of $548.9 million for Q4 2023. GAAP net income per diluted share was $0.63, and non-GAAP net income per diluted share was $1.25. The company's healthcare sector revenue reached $339.9 million, while the non-healthcare sector contributed $209.0 million.

  • Consolidated revenue reached $548.9 million.
  • Healthcare revenue amounted to $339.9 million.
  • Non-healthcare revenue totaled $209.0 million.
  • Non-GAAP net income per diluted share was $1.25.

Headline financials

Total Revenue

$549M

Previous: $617M-11.0%
EPS (adj)

$1.25

Previous: $1.32-5.3%
Capital Expenditures

-$25.3M

Previous: $16.8M-250.6%
Net Income

$34M

Previous: $41.1M-17.3%
Operating Income

$44.1M

Previous: $73.5M-40.0%
Gross Profit

$263M

Previous: $313M-16.2%
R&D Expense

$38M

No prior period
Stock-Based Comp

$9.4M

Previous: $6M+56.7%

Revenue & EPS history

Masimo · Revenue · Quarterly

$549M

Q4 2023-11%vs Q4 2022
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Forward guidance

Masimo provided estimates for its first quarter and full-year 2024 guidance.

Tailwinds

  • Q1 2024 Consolidated revenue is expected to be between $476 million and $501 million.
  • Q1 2024 Healthcare revenue is projected to range from $331 million to $341 million.
  • Q1 2024 Non-healthcare revenue is anticipated to be in the range of $145 million to $160 million.
  • Full-Year 2024 Consolidated revenue is projected to be between $2,045 million and $2,165 million.
  • Full-Year 2024 Healthcare revenue is expected to range from $1,345 million to $1,385 million.

Headwinds

  • Q1 2024 Consolidated operating profit is expected to be between $35 million and $41 million.
  • Q1 2024 Consolidated earnings per diluted share is projected to be between $0.32 and $0.40.
  • Full-Year 2024 Consolidated operating profit is projected to be between $198 million and $214 million.
  • Full-Year 2024 Consolidated earnings per diluted share is expected to be between $1.91 and $2.08.
  • Q1 2024 Non-GAAP operating income (prior definition) is expected to be between $55 million and $61 million.

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 2023

Historical avgQ4 2023

-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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