OSI Systems Q2: record revenue $373M, non-GAAP EPS $2.21, raises FY2024 guidance

OSI SYSTEMS INC

2024-Q2 EPS reported $2.87 revenue$652,445,000

Q2 revenue $373.2M (+26% YoY); GAAP EPS $2.11 (from $0.96); non-GAAP EPS $2.21 (from $1.19, +86% YoY).
Security division revenue up 49% YoY; adjusted operating margin expanded to 22.1% from 14.7%.
Backlog ~$1.8B; book-to-bill ratio 1.0; operating cash flow negative $23.5M on working capital investments.
FY2024 revenue guidance raised to >19% growth (from >18%); non-GAAP EPS growth raised to >29% (from >27%).
Healthcare revenue & op income declined but book-to-bill >1.1; Optoelectronics margin improved.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

OSI SYSTEMS INC reported three months ended December 31, 2023 results: revenue $373.2 million, net income $36.6 million, or $2.11 per diluted share, EPS $2.11 per diluted share. Guidance raised.

Period: three months ended December 31, 2023
Revenue: $373.2 million
Net income: $36.6 million, or $2.11 per diluted share
EPS: $2.11 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

--- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 a53887772ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 OSI Systems Reports Fiscal 2024 Second Quarter Financial Results Record Q2 Revenues of $373 Million (26% growth year-over-year) Record Q2 Earnings Per Diluted Share GAAP EPS of $2.11 Non-GAAP Adjusted EPS of $2.21 (86% growth year-over-year) Q2 Operating Income Growth of 105%

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Source: SEC EDGAR

accession 0001157523-24-000110

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