Osi Systems Stock Price, News & Analysis

OSI Systems reported Q2 revenues of $296 million, marking a 7% increase year-over-year. The company's GAAP EPS was $0.96, with adjusted EPS at $1.19. A notable book-to-bill ratio of 1.7 and a record backlog of $1.5 billion, a 21% increase from last year, highlight strong demand. Despite this, net income fell to $16.4 million compared to $19.8 million a year prior. The company expects H2 revenue growth between 8%-12% and adjusted EPS growth of 17%-23%. OSI reiterated its FY 2023 EPS guidance, now at $6.02 - $6.25, and refined revenue guidance to $1.240 billion - $1.265 billion.

OSI Systems, Inc. (NASDAQ: OSIS) has announced its quarterly conference call set for January 26, 2023, at 9:00am PT. The call will discuss the financial results for the quarter that ended on December 31, 2022. Investors can access the call and a subsequent replay through the company's investor relations section on their website, www.osi-systems.com. OSI Systems specializes in designing and manufacturing electronic systems for critical sectors such as homeland security, healthcare, defense, and aerospace, leveraging over 40 years of industry experience.

OSI Systems, Inc. (NASDAQ: OSIS) has secured a contract exceeding $200 million from an international customer for security infrastructure, which includes its portfolio of cargo and vehicle inspection systems. The award encompasses both mobile and fixed platforms, along with management of civil works, operator training, and ongoing maintenance. CEO Deepak Chopra expressed satisfaction over this expansion in a key region, highlighting the company's extensive experience in global security programs.

OSI Systems reported Q1 revenues of $268.1 million, a 4% decrease year-over-year. Net income also fell to $11.2 million or $0.65 per diluted share, down from $19.1 million or $1.04 per share in the same quarter last year. The company noted a record backlog of $1.3 billion and reiterated its FY 2023 guidance, projecting 7% - 11% revenue growth and 17% - 22% adjusted EPS growth for the remaining quarters. Operating cash flow improved significantly to $17.2 million, reversing negative cash flow from the prior year.

OSI Systems, Inc. (Nasdaq: OSIS) has scheduled a quarterly conference call for October 27, 2022, at 9:00am PT to discuss its financial results for the quarter ending September 30, 2022. The call will be available via webcast on the company’s investor relations page, with a replay accessible from 12:00pm PT on the same day until November 11, 2022.

OSI Systems specializes in electronic systems and components for sectors such as homeland security and healthcare, leveraging over 40 years of experience.

OSI Systems, Inc. (NASDAQ: OSIS) announced an increase in its share repurchase program to a total of 2,000,000 shares, building on the 1.9 million shares already bought back from an authorized 3 million. The shares may be purchased through open market transactions or private negotiations, without a set expiration date. OSI emphasizes that the actual number and timing of repurchases will depend on various market conditions and legal requirements. This initiative reflects the company's ongoing commitment to enhancing shareholder value.

OSI Systems has announced a significant order valued at approximately $22 million from its Security division for service, maintenance, and spare parts for Rapiscan® cargo and vehicle inspection systems deployed globally. Chairman and CEO Deepak Chopra expressed satisfaction in supporting cargo inspection systems, emphasizing the commitment to border security.

OSI Systems specializes in designing and manufacturing electronic systems for critical applications in various sectors, including homeland security and healthcare.

OSI Systems reported record revenues of $336.8 million for Q4 FY2022, up 1% from last year, with a net income of $33.8 million or $1.94 per diluted share, reflecting a 39% year-over-year increase. The company finished the fiscal year with revenues of $1.183 billion, a 3% increase, and provided guidance for FY2023, expecting revenues of $1.240 billion to $1.275 billion. The backlog as of June 30, 2022, was $1.2 billion, a 15% increase.