Masimo completes sale of consumer audio business to Harman for ~$328M cash; repays $270M Term Loan

MASIMO CORP

Sold Sound United (consumer audio) to Harman on Sept 23, 2025 for net cash ~$328M.
Used proceeds to repay $270M Term Loan plus $1.1M accrued interest.
Pro forma 2024 revenue would be $1.4B vs as-reported $2.1B after divestiture.
Estimated loss on sale of $178.4M recorded in retained earnings in pro forma balance sheet.
Pro forma 2024 net income $27.2M vs as-reported net loss of $304.9M.

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