Strong Revenue Growth
Revenue grew by 11%, driven by high demand for sleep health and breathing health medical devices, masks, accessories, and residential care software offerings.
Increased Operating Profit and Earnings Per Share
Operating profit increased by 27%, and earnings per share grew by 34%, reflecting improved operating leverage and cost management.
Gross Margin Expansion
Gross margin increased by 320 basis points to 59.2%, driven by manufacturing efficiencies and component cost improvements.
Successful Mask Innovation
The AirTouch N30i mask with fabric-wrapped frame is set to launch, offering improved comfort and setting a new standard for CPAP therapy.
Positive Impact of GLP-1 Medications
Patients on GLP-1 medications showed increased adherence to positive airway pressure therapy, suggesting GLP-1 use is a tailwind for business.