Strong Revenue Growth
Group revenue for Q3 FY2025 was $1.29 billion, an 8% headline increase and 9% in constant currency terms. Device sales increased by 7% globally, while masks and other sales increased by 12% in constant currency.
Gross Margin Expansion
Gross margin increased by 140 basis points to 59.9% in the March quarter, driven by manufacturing and logistics efficiencies and favorable product mix shifts.
Successful Launch of New Products
The first full commercial rollout of Nite Owl and the launch of AirSense 11 version of VPAP Tx contributed to new technology introductions to customers in Q3.
Recognition for Innovation
ResMed was named in the Lexus Nexus list of the top 100 global innovators, showcasing the company's market-leading efforts in pioneering innovation.
Strong Cash Flow and Net Income
Cash flow from operations was $579 million, and net income for the March quarter increased by 11%, with non-GAAP diluted earnings per share of $2.37, also increasing by 11%.
Expansion of Manufacturing Facilities
ResMed is opening a new advanced manufacturing facility in Calabasas, California, which will almost double its manufacturing footprint in the US.
Increased Share Buyback Program
ResMed plans to increase its ongoing share buyback program to purchase shares to the value of approximately $100 million per quarter starting in Q4 FY2025.
Tariff Exemptions Maintained
ResMed confirmed that it will continue to benefit from tariff exemptions on its products imported into the US, mitigating potential impacts from new tariffs.