Osi Systems Stock Price, News & Analysis

OSI Systems, Inc. (NASDAQ: OSIS) announced a $20 million order from ANA Aeroportos de Portugal for multiple units of its RTT® 110 explosive detection system. These units will be deployed across various Portuguese airports to screen checked baggage, enhancing airport security. The company will also provide ongoing maintenance and support for these installations. The RTT® 110 offers high-resolution 3-D imaging and complies with European threat detection standards. CEO Deepak Chopra emphasized the company’s commitment to innovate in the aviation industry, responding to infrastructure upgrades and evolving screening needs.

OSI Systems has received a $600 million contract from Mexico's Secretaría de la Defensa Nacional for cargo and vehicle inspection systems. This award includes VAT and will involve supplying multiple inspection systems, such as the Eagle® and Carview® platforms, aimed at enhancing security at border checkpoints in Mexico. OSI Systems will also provide civil works, training, and maintenance support. While the contract is substantial, it is subject to the finalization of agreements and does not include VAT in the company's revenue calculations.

OSI Systems, Inc. (NASDAQ: OSIS) will present at the Cowen 44th Annual Aerospace/Defense & Industrials Conference on February 15, 2023, at 1:20 PM ET. Investors can listen to the live webcast on the OSI Systems investor relations website. The company specializes in designing and manufacturing electronic systems for critical sectors, including homeland security, healthcare, defense, and aerospace, leveraging over 40 years of experience. OSI Systems aims to expand into selective end product markets globally.

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.