Masimo Corp (MASI) Q4 2019 Earnings Call Transcript

Masimo Corp (MASI) Q4 2019 Earnings Call Transcript

I'm pleased to introduce Eli Kammerman, Masimo's Vice President of Business Development and Investor Relations.. Joining me today are Chairman and CEO, Joe Kiani, and Executive Vice President of Finance and Chief Financial Officer, Micah Young.. Management uses non-GAAP measures to budget, evaluate and measure the Company's performance and sees these results as an indicator of the Company's ongoing business performance.. Reconciliation of the measures to the most directly comparable GAAP financial measures are included within the earnings release and supplementary financial information on our website.. Good afternoon and thank you for joining us for Masimo's fourth quarter and 2019 year-end earnings call.. We achieved many important objectives in 2019, including another year of double-digit revenue and earnings growth.. For the fourth quarter, our product revenues increased 12% to $247 million and our non-GAAP EPS grew 12% to reach $0.91 per share.. I'll ask Micah to review our Q4 and full year results in more detail and provide you with an overview of our 2020 financial guidance.. Before we get started, let me remind you that the financial measures I will be covering today will be primarily on a non-GAAP basis, unless noted otherwise.. In addition to another quarter of