8-K
filed August 24, 2023, 7:59 PM ET
ticker OSIS
CIK 0001039065
earnings
confidence high
sentiment positive
materiality 0.80
OSI Systems reports record Q4 revenue $412M, EPS $2.46; backlog $1.8B; FY2024 guidance >18% revenue growth
OSI SYSTEMS INC
2023-FY EPS reported
$5.34
revenue$1,278,427,000
- Q4 revenues $411.9M, up 22% YoY; GAAP EPS $2.46; non-GAAP EPS $2.66 (up 36% YoY).
- Record backlog $1.8B as of June 30, 2023, up 46% from prior year.
- Security division book-to-bill ratio 2.4; Q4 revenues +29% YoY driven by cargo/vehicle inspection.
- FY2024 guidance: revenue growth >18%, non-GAAP adjusted EPS growth >25% over FY2023.
- Full FY2023 revenues $1.278B (+8% YoY); non-GAAP EPS $6.21 vs $5.81 prior year.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
OSI SYSTEMS INC reported fiscal year ended June 30, 2023 results: revenue $1.278 billion, net income $91.8 million, EPS $5.34 per diluted share. Guidance reaffirmed.
- Period
- fiscal year ended June 30, 2023
- Revenue
- $1.278 billion
- Net income
- $91.8 million
- EPS
- $5.34 per diluted share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
For the fiscal year ended June 30, 2023, revenues increased 8% to $1.278 billion from $1.183 billion in the prior fiscal year. Net income for fiscal 2023 was $91.8 million, or $5.34 per diluted share, compared to net income for fiscal 2022 of $115.3 million, which included a gain on sale of $27.4 million for a sale-leaseback transaction, or $6.45 per diluted share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
OSI SYSTEMS INC reported fourth quarter ended June 30, 2023 results: revenue $411.9 million, net income $42.4 million, EPS $2.46 per diluted share. Guidance reaffirmed.
- Period
- fourth quarter ended June 30, 2023
- Revenue
- $411.9 million
- Net income
- $42.4 million
- EPS
- $2.46 per diluted share
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
For the fourth quarter of fiscal 2023, the Company reported revenues of $411.9 million, a 22% increase compared to the $336.8 million reported for the fourth quarter of fiscal 2022. Net income for the fourth quarter of fiscal 2023 was $42.4 million, or $2.46 per diluted share, compared to net income in the fourth quarter of fiscal 2022 of $33.8 million, or $1.94 per diluted share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
OSI SYSTEMS INC updated its fiscal year 2024 guidance (initiated).
- Period
- fiscal year 2024
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
For fiscal year 2024, the Company anticipates revenue growth in excess of 18% over revenues in fiscal 2023 and non-GAAP adjusted diluted earnings per share growth exceeding 25% compared to non-GAAP adjusted diluted earnings per share for fiscal year 2023.
View on SEC.gov
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