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Masimo (MASI) Q2 2018 Results - Earnings Call Transcript

Aug. 01, 2018 8:39 PM ETMasimo Corporation (MASI)
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Masimo Corp. (NASDAQ:MASI) Q2 2018 Earnings Call August 1, 2018 4:30 PM ET


Eli Kammerman - Masimo Corp.

Joseph Kiani - Masimo Corp.

Micah Young - Masimo Corp.


Rick Wise - Stifel, Nicolaus & Co., Inc.

Lawrence Keusch - Raymond James & Associates, Inc.

William R. Quirk - Piper Jaffray & Co.


Good afternoon, ladies and gentlemen, and welcome to Masimo's Second Quarter 2018 Earnings Call. The company's press release is available at www.masimo.com. At this time, all lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

I'm pleased to introduce Eli Kammerman, Masimo's Vice President of Business Development and Investor Relations.

Eli Kammerman - Masimo Corp.

Thank you. Hello, everyone. Joining me today are Chairman and CEO, Joe Kiani; and Executive Vice President of Finance and Chief Financial Officer, Micah Young. This call will contain forward-looking statements, which reflect Masimo's current judgment, including certain of our expectations regarding fiscal 2018 financial performance. However, they are subject to risks and uncertainties that could cause actual results to differ materially. Risk factors that could cause our actual results to differ materially from our projections and forecasts are discussed in detail in our periodic filings with the SEC. You'll find these in the Investor Relations section of our website.

Also, this call will include a discussion of certain financial measures that are not calculated in accordance with generally accepted accounting principles or GAAP. We generally refer to these as non-GAAP financial measures. In addition to GAAP results, these non-GAAP financial measures are intended to provide additional information to enable investors to assess the company's operations in the same way management assesses operations.

Management uses non-GAAP measures to budget, evaluate, and measure the company's performance, and sees these results as an

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