security

OSI Systems Shines: Robust Q4 Results Underscore Security, Medical Tech Dominance – OSI Systems (NASDAQ:O – Benzinga


OSI Systems, Inc (NASDAQ:OSIS) reported fourth-quarter revenue growth of 22% year-over-year to $411.9 million, beating the consensus of $384.5 million.

Security division revenue improved to $269.1 million from $209.1 million a year ago.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!

Healthcare division revenue climbed to $59.5 million, up from 50.5 million a year ago.

Optoelectronics and Manufacturing division revenue was $100.9 million, up from $90.7 million a year ago.

The gross margin declined by 163 bps to 34.7%. The adjusted operating margin expanded by 190 bps to 15.6% as the profit improved by 39.3% Y/Y.

Adjusted EPS was $2.66, beating the consensus of $2.53.

OSIS’s book-to-bill ratio was 2.4, and the backlog was $1.8 billion (+46% Y/Y).

The Q4 operating cash flow was $22.1 million, and capital expenditures were $3.1 million.

FY24 Outlook: OSIS expects revenue growth of over 18% Y/Y vs. a consensus of $1.25 billion and adjusted EPS growth of over 25% Y/Y vs. a consensus of $6.09.

Price Action: OSIS shares closed higher by 1.3% at $120.17 on Wednesday.

 

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



READ SOURCE

Read More   Since Taliban takeover of Afghanistan, more than 1,000 civilians were killed in attacks, UN says

This website uses cookies. By continuing to use this site, you accept our use of cookies.