OSI Systems Reports Fiscal 2025 Second Quarter Financial Results
OSI Systems (NASDAQ: OSIS) reported record-breaking second quarter results for fiscal 2025, with revenues reaching $419.8 million, marking a 12% increase year-over-year. Net income rose to $37.8 million, or $2.22 per diluted share, compared to $36.6 million ($2.11 per share) in the previous year.
The Security division showed strong performance with a 16% revenue increase and an adjusted operating margin of 19.9%. The company achieved a book-to-bill ratio of 1.2 and maintained a backlog exceeding $1.8 billion. Cash flow from operations significantly improved to $52.5 million from negative $23.5 million in the prior year.
Based on strong performance, OSI Systems increased its fiscal 2025 guidance, now projecting revenues between $1.685-$1.710 billion (9.5-11.1% growth) and non-GAAP diluted EPS of $9.10-$9.40 (11.9-15.6% growth).
OSI Systems (NASDAQ: OSIS) ha riportato risultati record per il secondo trimestre dell'anno fiscale 2025, con ricavi che hanno raggiunto $419,8 milioni, segnando un incremento del 12% rispetto all'anno precedente. L'utile netto è salito a $37,8 milioni, ovvero $2,22 per azione diluita, rispetto ai $36,6 milioni ($2,11 per azione) dell'anno precedente.
La divisione Sicurezza ha mostrato una performance forte con un aumento del 16% dei ricavi e un margine operativo rettificato del 19,9%. L'azienda ha raggiunto un rapporto book-to-bill di 1,2 e ha mantenuto un portafoglio ordini superiore a $1,8 miliardi. Il flusso di cassa dalle operazioni è migliorato significativamente a $52,5 milioni rispetto a un risultato negativo di $23,5 milioni nell'anno precedente.
Basandosi su queste performance solide, OSI Systems ha aumentato le previsioni per l'anno fiscale 2025, ora proiettando ricavi compresi tra $1,685 e $1,710 miliardi (crescita del 9,5-11,1%) e un utile per azione diluito non-GAAP di $9,10-$9,40 (crescita dell'11,9-15,6%).
OSI Systems (NASDAQ: OSIS) reportó resultados récord en el segundo trimestre del año fiscal 2025, con ingresos que alcanzaron $419.8 millones, marcando un incremento del 12% en comparación con el año anterior. El ingreso neto aumentó a $37.8 millones, o $2.22 por acción diluida, en comparación con $36.6 millones ($2.11 por acción) del año anterior.
La división de Seguridad mostró un rendimiento sólido con un aumento del 16% en los ingresos y un margen operativo ajustado del 19.9%. La compañía logró una proporción de contratación de 1.2 y mantuvo una cartera de pedidos superior a $1.8 mil millones. El flujo de efectivo de las operaciones mejoró significativamente a $52.5 millones, frente a un resultado negativo de $23.5 millones en el año anterior.
Con base en un sólido rendimiento, OSI Systems aumentó su guía para el año fiscal 2025, proyectando ahora ingresos entre $1.685 y $1.710 mil millones (crecimiento del 9.5-11.1%) y EPS diluido no-GAAP de $9.10-$9.40 (crecimiento del 11.9-15.6%).
OSI Systems (NASDAQ: OSIS)는 2025 회계연도 2분기에 기록적인 실적을 보고했으며, 수익은 $419.8 백만에 도달하여 지난해보다 12% 증가했습니다. 순이익은 $37.8 백만, 즉 희석주당 $2.22로 증가했으며, 지난해의 $36.6 백만($2.11 주당)과 비교됩니다.
보안 부문은 16%의 수익 증가와 19.9%의 조정된 운영 마진으로 강력한 성과를 보였습니다. 회사는 1.2의 수수료 비율을 달성하고 $1.8 억 이상의 미수금 잔고를 유지했습니다. 운영에서의 현금 흐름은 이전 해의 $23.5 백만에서 $52.5 백만으로 크게 개선되었습니다.
강력한 실적에 기반하여, OSI Systems는 2025 회계연도 가이드를 증가시켰고, 이제 수익을 $1.685-$1.710 억(9.5-11.1% 성장)으로, 비-GAAP 희석 EPS를 $9.10-$9.40(11.9-15.6% 성장)로 예측합니다.
OSI Systems (NASDAQ: OSIS) a annoncé des résultats record pour le deuxième trimestre de l'exercice 2025, avec des revenus atteignant 419,8 millions de dollars, marquant une augmentation de 12 % par rapport à l'année précédente. Le bénéfice net a augmenté à 37,8 millions de dollars, soit 2,22 $ par action diluée, par rapport à 36,6 millions de dollars (2,11 $ par action) l'année précédente.
La division Sécurité a affiché des performances solides avec une augmentation de 16 % des revenus et une marge opérationnelle ajustée de 19,9 %. L'entreprise a obtenu un ratio commandes à facturation de 1,2 et a maintenu un arriéré de commandes supérieur à 1,8 milliard de dollars. Le flux de trésorerie provenant des opérations s'est considérablement amélioré pour atteindre 52,5 millions de dollars contre des -23,5 millions de dollars l'année précédente.
Sur la base de solides performances, OSI Systems a revu à la hausse ses prévisions pour l'exercice 2025, projetant désormais des revenus compris entre 1,685 et 1,710 milliard de dollars (croissance de 9,5 à 11,1 %) et un BPA dilué non-GAAP allant de 9,10 à 9,40 $ (croissance de 11,9 à 15,6 %).
OSI Systems (NASDAQ: OSIS) meldete außergewöhnliche Ergebnisse für das 2. Quartal des Geschäftsjahres 2025, mit einem Umsatz von $419,8 Millionen, was einem Anstieg von 12 % im Jahresvergleich entspricht. Der Nettogewinn stieg auf $37,8 Millionen, oder $2,22 pro verwässerter Aktie, im Vergleich zu $36,6 Millionen ($2,11 pro Aktie) im Vorjahr.
Die Sicherheitsabteilung zeigte eine starke Leistung mit einem Umsatzwachstum von 16% und einer angepassten operativen Marge von 19,9%. Das Unternehmen erzielte ein Verhältnis von Buchungen zu Rechnungen von 1,2 und hielt einen Auftragsbestand von über $1,8 Milliarden. Der Cashflow aus operativen Tätigkeiten verbesserte sich erheblich auf $52,5 Millionen, im Vergleich zu einem negativen Wert von $23,5 Millionen im Vorjahr.
Aufgrund der starken Leistung erhöhte OSI Systems die Prognosen für das Geschäftsjahr 2025 und rechnet nun mit Einnahmen zwischen $1,685-$1,710 Milliarden (Wachstum von 9,5-11,1 %) und einem nicht GAAP verwässerten EPS von $9,10-$9,40 (Wachstum von 11,9-15,6 %).
- Record Q2 revenue of $419.8 million, up 12% YoY
- Net income increased to $37.8 million from $36.6 million YoY
- Strong book-to-bill ratio of 1.2 with backlog over $1.8 billion
- Security division revenue grew 16% with 19.9% adjusted operating margin
- Cash from operations improved to $52.5 million from -$23.5 million YoY
- Increased FY2025 guidance for both revenue and earnings
- None.
Insights
OSI Systems' Q2 FY25 results demonstrate exceptional operational execution and market positioning. The standout
Several key metrics warrant attention:
- The dramatic improvement in operating cash flow from -
$23.5 million to$52.5 million indicates enhanced working capital management and operational efficiency - The Security division's
19.9% adjusted operating margin, near historic highs, reflects strong pricing power and operational leverage - A book-to-bill ratio of 1.2 and record backlog suggest sustained growth momentum
The Security division's
The Optoelectronics and Manufacturing division's continued growth benefits from the company's vertically integrated global manufacturing footprint, providing a competitive advantage in terms of supply chain control and cost management. The Healthcare division's sales growth and focus on patient monitoring portfolio development suggests strategic investment in high-growth market segments.
The raised guidance for FY2025, projecting
The combination of record revenues, margin expansion, improved cash flow and growing backlog positions OSI Systems favorably in its core markets. The company's ability to maintain strong margins while growing revenue suggests pricing power and operational efficiency that could drive continued value creation for stakeholders.
-
Record Q2 Revenues of
$420 Million 12% Growth Year-Over-Year) -
Record Q2 Earnings Per Diluted Share
-
GAAP EPS of
$2.22 -
Non-GAAP EPS of
$2.42
-
GAAP EPS of
- Q2 Book-to-Bill Ratio of 1.2
- Company Increases FY 2025 Revenue and Non-GAAP Diluted EPS Guidance
Ajay Mehra, OSI Systems’ President and Chief Executive Officer, stated, “We are pleased to report a record-breaking second quarter for revenues and earnings, led by continued strong execution in the Security division and solid performance in the Optoelectronics and Manufacturing division. Given our robust backlog and high visibility into our opportunity pipeline, we anticipate a strong second half of fiscal 2025.”
For Q2 FY25, the Company reported revenues of
For the six months ended December 31, 2024, revenues were
The Company's book-to-bill ratio was 1.2 for the second quarter of fiscal 2025. As of December 31, 2024, the Company's backlog was over
Mr. Mehra commented, “The results from our Security division highlight our substantial achievements, where revenues increased
Mr. Mehra continued, “Our Optoelectronics and Manufacturing division again delivered solid financial results in the fiscal 2025 second quarter with year-over-year growth in revenues and operating income. This division continues to benefit from our vertically-integrated global manufacturing footprint and is well-positioned to take advantage of future growth opportunities.”
Mr. Mehra concluded, “We are encouraged by the Q2 sales growth and bookings momentum in our Healthcare division and continue to focus on new product development, principally in our patient monitoring portfolio.”
Fiscal Year 2025 Outlook
|
Current Updated Guidance |
Previous Guidance |
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|
|
Revenues |
|
|
Growth Rate |
|
|
|
|
|
Non-GAAP Diluted Earnings Per Share |
|
|
Growth Rate |
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|
The Company is increasing its fiscal 2025 revenues and non-GAAP diluted earnings per share guidance, as reflected above. Actual revenues and adjusted diluted earnings per share could vary from this guidance due to factors discussed under “Forward-Looking Statements” or other factors.
The Company’s fiscal 2025 adjusted diluted earnings per share guidance is provided on a non-GAAP basis only. The Company does not provide a reconciliation of guidance for non-GAAP adjusted diluted EPS to GAAP diluted EPS (the most directly comparable GAAP measure) on a forward-looking basis because the Company is unable to provide a meaningful or accurate compilation of reconciling items and certain information is not available. This is due to the inherent difficulty and complexity in accurately forecasting the timing and amounts of various items included in the calculation of GAAP diluted EPS but excluded in the calculation of non-GAAP adjusted diluted EPS, such as acquisition costs and other non-recurring items that have not yet occurred, are out of the Company’s control or cannot otherwise reasonably be predicted. For the same reasons, the Company is unable to address the significance of unavailable information which may be material and therefore could result in GAAP diluted EPS, the most directly comparable GAAP financial measure, being materially different from projected non-GAAP adjusted diluted EPS.
Presentation of Non-GAAP Financial Measures
This earnings release includes a presentation of non-GAAP net income, non-GAAP diluted earnings per share, non-GAAP operating income (loss) by segment and non-GAAP operating margin, all of which are non-GAAP financial measures. The presentation of these non-GAAP figures for all fiscal periods is provided to allow for the comparison of the underlying performance of the Company, net of impairment, restructuring and other charges (including certain legal costs), amortization of intangible assets acquired through business acquisitions, and their associated tax effects, and the impact of discrete income tax items. Although we exclude amortization of acquired intangible assets from our non-GAAP figures, revenue generated from such intangibles is included within revenue in determining non-GAAP financial performance of the Company. Management believes that the non-GAAP financial measures presented in this earnings release provide (i) enhanced insight into the ongoing operations of the Company, (ii) meaningful information regarding the Company’s financial results (excluding amounts management does not view as reflective of ongoing operating results) for purposes of planning, forecasting and assessing the performance of the Company’s businesses, (iii) a meaningful comparison of financial results of the current period against results of past periods and (iv) financial results that are generally more comparable to financial results of peer companies than are GAAP figures. Non-GAAP financial measures should not be assessed in isolation or as a substitute for measures of financial performance prepared in accordance with GAAP. These non-GAAP measures may not be the same as measures used by other companies due to possible differences in methods and in the items or events for which adjustments are made.
Reconciliations of GAAP financial information to non-GAAP financial information are provided in the accompanying tables. The financial results calculated in accordance with GAAP and reconciliations from those financial results should be carefully evaluated.
Conference Call Information
The Company will host a conference call and simultaneous webcast beginning at 9:00am PT (12:00pm ET) today to discuss its financial results for the periods presented in this earnings release. To listen, please visit the Investor Relations section of the OSI Systems website at http://investors.osi-systems.com/index.cfm and follow the link that will be posted on the front page. A replay of the webcast will be available beginning shortly after the conclusion of the conference call until February 7, 2025. The replay can be accessed through the Company’s website at www.osi-systems.com.
About OSI Systems
OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end-product markets. For more information on OSI Systems and its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-E
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to the Company's current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside the Company's control and which may cause actual results to differ materially from those described in or implied by any forward-looking statement. Forward-looking statements include, but are not limited to, information provided regarding expected revenues, earnings, growth, and operational performance in fiscal 2025 and beyond. The Company could be exposed to a variety of negative consequences as a result of delays related to the award of domestic and international contracts; failure to secure the renewal of key customer contracts; delays in customer programs; delays in revenue recognition related to the timing of customer acceptance; the impact of potential information technology, cybersecurity or data security breaches; changes in domestic and foreign government spending and budgetary, procurement and trade policies adverse to the Company's businesses; the impact of the
OSI SYSTEMS, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) |
|||||||||||||||
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
|
2023 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
2024 |
|
Revenues: |
|
|
|
|
|
|
|
||||||||
Products |
$ |
290,179 |
|
|
$ |
333,671 |
|
|
$ |
489,888 |
|
|
$ |
589,479 |
|
Services |
|
83,056 |
|
|
|
86,149 |
|
|
162,557 |
|
|
|
174,348 |
|
|
Total net revenues |
|
373,235 |
|
|
|
419,820 |
|
|
|
652,445 |
|
|
|
763,827 |
|
Cost of goods sold: |
|
|
|
|
|
|
|
||||||||
Products |
|
187,385 |
|
|
|
224,087 |
|
|
|
324,368 |
|
|
|
394,509 |
|
Services |
|
44,549 |
|
|
|
48,582 |
|
|
|
88,031 |
|
|
|
100,665 |
|
Total cost of goods sold |
|
231,934 |
|
|
|
272,669 |
|
|
|
412,399 |
|
|
|
495,174 |
|
Gross profit |
|
141,301 |
|
|
|
147,151 |
|
|
|
240,046 |
|
|
|
268,653 |
|
Operating expenses: |
|
|
|
|
|
|
|
||||||||
Selling, general and administrative |
|
71,604 |
|
|
|
70,722 |
|
|
|
131,402 |
|
|
|
142,945 |
|
Research and development |
|
16,350 |
|
|
|
18,257 |
|
|
|
32,272 |
|
|
|
36,030 |
|
Restructuring and other charges, net |
|
1,026 |
|
|
|
215 |
|
|
|
1,492 |
|
|
|
1,393 |
|
Total operating expenses |
|
88,980 |
|
|
|
89,194 |
|
|
|
165,166 |
|
|
|
180,368 |
|
Income from operations |
|
52,321 |
|
|
|
57,957 |
|
|
|
74,880 |
|
|
|
88,285 |
|
Interest and other expense, net |
|
(6,534 |
) |
|
|
(8,619 |
) |
|
|
(12,282 |
) |
|
|
(15,978 |
) |
Income before income taxes |
|
45,787 |
|
|
|
49,338 |
|
|
|
62,598 |
|
|
|
72,307 |
|
Provision for income taxes |
|
(9,234 |
) |
|
|
(11,519 |
) |
|
|
(13,166 |
) |
|
|
(16,552 |
) |
Net income |
$ |
36,553 |
|
|
$ |
37,819 |
|
|
$ |
49,432 |
|
|
$ |
55,755 |
|
|
|
|
|
|
|
|
|
||||||||
Diluted earnings per share |
$ |
2.11 |
|
|
$ |
2.22 |
|
|
$ |
2.87 |
|
|
$ |
3.27 |
|
Weighted average shares outstanding – diluted |
|
17,302 |
|
|
|
17,040 |
|
|
|
17,238 |
|
|
|
17,048 |
|
UNAUDITED SEGMENT INFORMATION (in thousands) |
|||||||||||||||
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
|
2023 |
|
|
|
2024 |
|
|
|
2023 |
|
|
|
2024 |
|
Revenues – by Segment: |
|
|
|
|
|
|
|
||||||||
Security division |
$ |
249,975 |
|
|
$ |
289,987 |
|
|
$ |
414,604 |
|
|
$ |
514,301 |
|
Optoelectronics and Manufacturing division, including intersegment revenues |
|
98,097 |
|
|
|
100,743 |
|
|
|
194,225 |
|
|
|
198,538 |
|
Healthcare division |
|
41,850 |
|
|
|
44,854 |
|
|
|
79,637 |
|
|
|
81,956 |
|
Intersegment eliminations |
|
(16,687 |
) |
|
|
(15,764 |
) |
|
|
(36,021 |
) |
|
|
(30,968 |
) |
Total |
$ |
373,235 |
|
|
$ |
419,820 |
|
|
$ |
652,445 |
|
|
$ |
763,827 |
|
|
|
|
|
|
|
|
|
||||||||
Operating income (loss) – by Segment: |
|
|
|
|
|
|
|
||||||||
Security division |
$ |
51,856 |
|
|
$ |
54,053 |
|
|
$ |
72,465 |
|
|
$ |
82,909 |
|
Optoelectronics and Manufacturing division |
|
11,621 |
|
|
|
12,282 |
|
|
|
23,058 |
|
|
|
22,891 |
|
Healthcare division |
|
429 |
|
|
|
1,722 |
|
|
|
593 |
|
|
|
2,522 |
|
Corporate |
|
(11,183 |
) |
|
|
(9,670 |
) |
|
|
(21,099 |
) |
|
|
(19,180 |
) |
Intersegment eliminations |
|
(402 |
) |
|
|
(430 |
) |
|
|
(137 |
) |
|
|
(857 |
) |
Total |
$ |
52,321 |
|
|
$ |
57,957 |
|
|
$ |
74,880 |
|
|
$ |
88,285 |
|
OSI SYSTEMS, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) |
|||||||
|
|||||||
|
June 30, 2024 |
December 31, 2024 |
|||||
Assets |
|
|
|
||||
|
|
|
|
||||
Cash and cash equivalents |
$ |
95,353 |
|
$ |
101,633 |
||
Accounts receivable, net |
|
648,155 |
|
|
703,933 |
||
Inventories |
|
397,939 |
|
|
441,795 |
||
Prepaid expenses and other current assets |
|
74,077 |
|
|
77,208 |
||
Total current assets |
|
1,215,524 |
|
|
1,324,569 |
||
Property and equipment, net |
|
113,967 |
|
|
124,023 |
||
Goodwill |
|
351,480 |
|
|
382,166 |
||
Intangible assets, net |
|
139,529 |
|
|
181,954 |
||
Other non-current assets |
|
115,508 |
|
|
118,202 |
||
Total Assets |
$ |
1,936,008 |
|
$ |
2,130,914 |
||
|
|
|
|
||||
Liabilities and Stockholders' Equity |
|
|
|
||||
|
|
|
|
||||
Bank lines of credit |
$ |
384,000 |
|
$ |
236,000 |
||
Current portion of long-term debt |
|
8,167 |
|
|
8,200 |
||
Accounts payable and accrued expenses |
|
248,427 |
|
|
261,960 |
||
Other current liabilities |
|
174,043 |
|
|
197,558 |
||
Total current liabilities |
|
814,637 |
|
|
703,718 |
||
Long-term debt |
|
129,383 |
|
|
466,560 |
||
Other long-term liabilities |
|
128,505 |
|
|
134,806 |
||
Total liabilities |
|
1,072,525 |
|
|
1,305,084 |
||
Total stockholders’ equity |
|
863,483 |
|
|
825,830 |
||
Total Liabilities and Stockholders’ Equity |
$ |
1,936,008 |
|
$ |
2,130,914 |
||
RECONCILIATION OF GAAP TO NON-GAAP NET INCOME AND DILUTED EARNINGS PER SHARE (in thousands, except earnings per share data) |
|||||||||||||||||||||||||||||||
|
Three Months Ended December 31, |
|
Six Months Ended December 31, |
||||||||||||||||||||||||||||
|
2023 |
|
2024 |
|
2023 |
|
2024 |
||||||||||||||||||||||||
|
Net income |
|
EPS |
|
Net income |
|
EPS |
|
Net income |
|
EPS |
|
Net income |
|
EPS |
||||||||||||||||
GAAP basis |
$ |
36,553 |
|
|
$ |
2.11 |
|
|
$ |
37,819 |
|
|
$ |
2.22 |
|
|
$ |
49,432 |
|
|
$ |
2.87 |
|
|
$ |
55,755 |
|
|
$ |
3.27 |
|
Restructuring and other charges, net |
|
1,026 |
|
|
|
0.06 |
|
|
|
215 |
|
|
|
0.01 |
|
|
|
1,492 |
|
|
|
0.09 |
|
|
|
1,393 |
|
|
|
0.09 |
|
Amortization of acquired intangible assets |
|
4,680 |
|
|
|
0.27 |
|
|
|
4,698 |
|
|
|
0.28 |
|
|
|
8,387 |
|
|
|
0.48 |
|
|
|
8,565 |
|
|
|
0.50 |
|
Tax benefit of above adjustments |
|
(1,465 |
) |
|
|
(0.08 |
) |
|
|
(1,179 |
) |
|
|
(0.07 |
) |
|
|
(2,544 |
) |
|
|
(0.15 |
) |
|
|
(2,390 |
) |
|
|
(0.14 |
) |
Discrete tax benefit |
|
(2,540 |
) |
|
|
(0.15 |
) |
|
|
(320 |
) |
|
|
(0.02 |
) |
|
|
(2,953 |
) |
|
|
(0.17 |
) |
|
|
(802 |
) |
|
|
(0.05 |
) |
Non-GAAP basis |
$ |
38,254 |
|
|
$ |
2.21 |
|
|
$ |
41,233 |
|
|
$ |
2.42 |
|
|
$ |
53,814 |
|
|
$ |
3.12 |
|
|
$ |
62,521 |
|
|
$ |
3.67 |
|
RECONCILIATION OF GAAP TO NON-GAAP OPERATING INCOME (LOSS) AND OPERATING MARGIN BY SEGMENT (in thousands, except percentages) |
||||||||||||||||||||||||||||
Three Months Ended December 31, 2023 |
||||||||||||||||||||||||||||
|
|
Security Division |
|
Optoelectronics and Manufacturing Division |
|
Healthcare Division |
|
Corporate / Elimination |
|
Total |
||||||||||||||||||
|
|
|
|
% of Sales |
|
|
|
% of Sales |
|
|
|
% of Sales |
|
|
|
|
|
% of Sales |
||||||||||
GAAP basis – operating income (loss) |
|
$ |
51,856 |
|
20.7 |
% |
|
$ |
11,621 |
|
11.8 |
% |
|
$ |
429 |
|
1.0 |
% |
|
$ |
(11,585 |
) |
|
$ |
52,321 |
|
14.0 |
% |
Restructuring and other charges, net. |
|
|
164 |
|
0.1 |
% |
|
|
525 |
|
0.5 |
% |
|
|
- |
|
- |
|
|
|
337 |
|
|
|
1,026 |
|
0.3 |
% |
Amortization of acquired intangible assets |
|
|
3,339 |
|
1.3 |
% |
|
|
1,039 |
|
1.1 |
% |
|
|
302 |
|
0.7 |
% |
|
|
- |
|
|
|
4,680 |
|
1.2 |
% |
Non-GAAP basis– operating income (loss) |
|
$ |
55,359 |
|
22.1 |
% |
|
$ |
13,185 |
|
13.4 |
% |
|
$ |
731 |
|
1.7 |
% |
|
$ |
(11,248 |
) |
|
$ |
58,027 |
|
15.5 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Three Months Ended December 31, 2024 |
||||||||||||||||||||||||||||
|
|
Security Division |
|
Optoelectronics and Manufacturing Division |
|
Healthcare Division |
|
Corporate / Elimination |
|
Total |
||||||||||||||||||
|
|
|
|
% of Sales |
|
|
|
% of Sales |
|
|
|
% of Sales |
|
|
|
|
|
% of Sales |
||||||||||
GAAP basis – operating income (loss) |
|
$ |
54,053 |
|
18.6 |
% |
|
$ |
12,282 |
|
12.2 |
% |
|
$ |
1,722 |
|
3.8 |
% |
|
$ |
(10,100 |
) |
|
$ |
57,957 |
|
13.8 |
% |
Restructuring and other charges, net. |
|
|
- |
|
- |
|
|
|
- |
|
- |
|
|
|
- |
|
- |
|
|
|
215 |
|
|
|
215 |
|
0.1 |
% |
Amortization of acquired intangible assets |
|
|
3,722 |
|
1.3 |
% |
|
|
590 |
|
0.6 |
% |
|
|
386 |
|
0.9 |
% |
|
|
- |
|
|
|
4,698 |
|
1.1 |
% |
Non-GAAP basis– operating income (loss) |
|
$ |
57,775 |
|
19.9 |
% |
|
$ |
12,872 |
|
12.8 |
% |
|
$ |
2,108 |
|
4.7 |
% |
|
$ |
(9,885 |
) |
|
$ |
62,870 |
|
15.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Six Months Ended December 31, 2023 |
||||||||||||||||||||||||||||
|
|
Security Division |
|
Optoelectronics and Manufacturing Division |
|
Healthcare Division |
|
Corporate / Elimination |
|
Total |
||||||||||||||||||
|
|
|
|
% of Sales |
|
|
|
% of Sales |
|
|
|
% of Sales |
|
|
|
|
|
% of Sales |
||||||||||
GAAP basis – operating income (loss) |
|
$ |
72,465 |
|
17.5 |
% |
|
$ |
23,058 |
|
11.9 |
% |
|
$ |
593 |
|
0.7 |
% |
|
$ |
(21,236 |
) |
|
$ |
74,880 |
|
11.5 |
% |
Restructuring and other charges, net. |
|
|
436 |
|
0.1 |
% |
|
|
576 |
|
0.3 |
% |
|
|
- |
|
0.0 |
% |
|
|
480 |
|
|
|
1,492 |
|
0.2 |
% |
Amortization of acquired intangible assets |
|
|
5,966 |
|
1.4 |
% |
|
|
1,818 |
|
0.9 |
% |
|
|
603 |
|
0.8 |
% |
|
|
- |
|
|
|
8,387 |
|
1.3 |
% |
Non-GAAP basis– operating income (loss) |
|
$ |
78,867 |
|
19.0 |
% |
|
$ |
25,452 |
|
13.1 |
% |
|
$ |
1,196 |
|
1.5 |
% |
|
$ |
(20,756 |
) |
|
$ |
84,759 |
|
13.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
Six Months Ended December 31, 2024 |
||||||||||||||||||||||||||||
|
|
Security Division |
|
Optoelectronics and Manufacturing Division |
|
Healthcare Division |
|
Corporate / Elimination |
|
Total |
||||||||||||||||||
|
|
|
|
% of Sales |
|
|
|
% of Sales |
|
|
|
% of Sales |
|
|
|
|
|
% of Sales |
||||||||||
GAAP basis – operating income (loss) |
|
$ |
82,909 |
|
16.1 |
% |
|
$ |
22,891 |
|
11.5 |
% |
|
$ |
2,522 |
|
3.1 |
% |
|
$ |
(20,037 |
) |
|
$ |
88,285 |
|
11.6 |
% |
Restructuring and other charges, net. |
|
|
479 |
|
0.1 |
% |
|
|
547 |
|
0.3 |
% |
|
|
152 |
|
0.2 |
% |
|
|
215 |
|
|
|
1,393 |
|
0.2 |
% |
Amortization of acquired intangible assets |
|
|
6,708 |
|
1.3 |
% |
|
|
1,170 |
|
0.6 |
% |
|
|
687 |
|
0.8 |
% |
|
|
- |
|
|
|
8,565 |
|
1.1 |
% |
Non-GAAP basis– operating income (loss) |
|
$ |
90,096 |
|
17.5 |
% |
|
$ |
24,608 |
|
12.4 |
% |
|
$ |
3,361 |
|
4.1 |
% |
|
$ |
(19,822 |
) |
|
$ |
98,243 |
|
12.9 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20250123484625/en/
For Additional Information, Contact:
OSI Systems, Inc.
Ajay Vashishat
Vice President, Business Development
Tel: (310) 349-2237
avashishat@osi-systems.com
Source: OSI Systems, Inc.
FAQ
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How much did OSIS's Security division grow in Q2 2025?
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