MergerMay 5, 2026, 05:12 PM
Masimo to Merge with Danaher for $180/Share Cash; Q1 Net Income $57.1M
AI Summary
Masimo Corporation announced a definitive merger agreement with Danaher Corporation, where Masimo shareholders will receive $180.00 in cash per share. The merger was approved by Masimo stockholders on May 1, 2026, and is expected to close in 2026. Concurrently, Masimo reported strong financial results for the first quarter ended April 4, 2026, with total revenue increasing to $403.6 million and net income reaching $57.1 million, a substantial turnaround from a net loss in the prior year period.
Key Highlights
- Masimo entered a definitive merger agreement with Danaher Corporation for $180.00 per share in cash.
- Masimo stockholders approved the merger agreement on May 1, 2026, with closing expected in 2026.
- Total revenue for Q1 2026 increased to $403.6 million from $372.0 million in Q1 2025.
- Net income for Q1 2026 was $57.1 million, a significant improvement from a $(170.7) million net loss in Q1 2025.
- Diluted EPS from continuing operations was $1.07 in Q1 2026, up from $0.86 in Q1 2025.
- Long-term debt decreased to $445.7 million as of April 4, 2026, from $518.0 million as of January 3, 2026.
- The company incurred approximately $17.9 million in SG&A expenses related to the merger in Q1 2026.
- Cash and cash equivalents were $124.6 million as of April 4, 2026.