Masimo announced on January 16, 2025, select preliminary financial results for the full-year ended December 28, 2024, and provided initial full-year 2025 guidance. Preliminary full-year 2024 healthcare revenue was approximately $1,395 million, representing about 10% constant currency growth.
The company's preliminary full-year 2024 consumable and service revenue was approximately $1,245 million, showing about 15% constant currency growth. For full-year 2025, Masimo projects healthcare revenue between $1,500 million and $1,530 million, an 8-11% constant currency growth.
Masimo also guided for non-GAAP operating profit of $413 million to $428 million, translating to an operating margin of approximately 27.5% to 28.0% for 2025. The Sound United business will be classified as 'held for sale' and removed from non-GAAP financials starting fiscal year 2025, signaling a clear path towards divestiture.
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