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OSI Systems, Inc. (OSIS) is a diversified global enterprise with over 30 years of expertise in electronics engineering and manufacturing. The company is focused on creating solutions for a safer and healthier world through its three primary business segments: Security, Healthcare, and Optoelectronics and Manufacturing. With offices and production facilities in more than a dozen countries and employing over 3,000 people, OSI Systems is a key player in multiple industries.
In the Security segment, OSI Systems, through its subsidiary Rapiscan Systems, is a global leader in security screening, with over 70,000 systems installed across more than 100 countries. These products are known for their outstanding threat detection, proven reliability, and exceptional value.
The Healthcare segment, represented by Spacelabs Healthcare, focuses on innovative patient monitoring, diagnostic cardiology, ventilation systems, and defibrillators. Their aim is to connect innovation with care, providing healthcare professionals with the tools necessary to improve patient outcomes.
Lastly, the Optoelectronics and Manufacturing segment designs and manufactures specialized electronic components and provides engineering and manufacturing services. These offerings serve both the Security and Healthcare segments, as well as external original equipment manufacturers (OEMs).
OSI Systems' commitment to solving real-world problems and issues is evident through its continuous innovation and strategic partnerships. The company prides itself on helping security experts, clinical professionals, and high-tech developers by delivering high-quality, reliable products.
Financially, OSI Systems generates the majority of its revenue from the Americas, with additional significant contributions from Europe, the Middle East, Africa, and the Asia-Pacific regions. The company's robust product portfolio and strategic presence globally make it a significant player in its field.
Stay updated with the latest news and developments from OSI Systems to better understand their market performance and strategic moves.
OSI Systems (NASDAQ: OSIS) reported strong fiscal 2025 first quarter results with record Q1 revenues of $344.0 million, representing a 23% year-over-year increase. Net income reached $17.9 million, or $1.05 per diluted share, up from $12.9 million ($0.75 per share) in the prior year. The company's Security division showed exceptional performance with a 36% revenue increase year-over-year. The backlog grew to approximately $1.8 billion, up from $1.7 billion in June 2024. Based on strong performance, OSI Systems increased its fiscal 2025 guidance, projecting revenues of $1.670-1.695 billion and non-GAAP adjusted EPS of $9.00-$9.30.
OSI Systems (Nasdaq: OSIS) has announced its upcoming quarterly conference call, scheduled for Thursday, October 24, 2024, at 9:00 am PT. The call will discuss the company's financial results for the quarter ending September 30, 2024.
Investors and interested parties can access the webcast through the investor relations section of the company's website at www.osi-systems.com. For those unable to attend the live call, a replay will be available from 12:00 pm PT on October 24, 2024, until November 8, 2024. The replay can also be accessed via the investor relations section of the OSI Systems website.
OSI Systems, Inc. (NASDAQ: OSIS) has commenced operations in Uruguay to enhance security and efficiency at ports and borders through advanced customs screening applications. The company is collaborating with Uruguay's Ministry of Economics and Finance, utilizing EAGLE® T60 high-energy, trailer-mounted vehicle inspection systems and performing security screening and remote image analysis using its proprietary CertScan® integration platform.
OSI Systems will also provide ongoing management training, maintenance, service, and support. The company's CEO, Deepak Chopra, expressed excitement about supporting Uruguay's customs and border security activity. OSI Systems has similar turnkey border and port inspection programs operating with multiple international customs, border, and port authorities, which have proven successful in improving public safety, security, and customs declaration accuracy.
OSI Systems (NASDAQ: OSIS) has secured a significant contract through its Security division. The initial order, valued at approximately $27 million, is for maintenance service and technology support of Rapiscan® cargo and vehicle inspection systems. This order is expected to be completed in fiscal 2025.
The contract also includes four option periods spanning about three years, with a potential total value of $117 million if all options are exercised by the U.S. based customer. Deepak Chopra, OSI Systems' Chairman and CEO, expressed appreciation for the award and commitment to supporting the customer's security needs.
OSI Systems (NASDAQ: OSIS) has secured a $26 million contract for its Security division from an international customer. The contract involves providing comprehensive maintenance services and advanced operator training for the customer's existing fleet of Rapiscan cargo and vehicle inspection systems used at port and border crossings.
CEO Deepak Chopra expressed satisfaction with the continued support of the customer's critical operations, emphasizing the company's commitment to enhancing global security through its broad solutions offering. OSI Systems, with over 40 years of experience, operates globally in the homeland security, healthcare, defense, and aerospace industries.
OSI Systems (NASDAQ: OSIS) has secured a $5 million order for its Optoelectronics and Manufacturing division to provide advanced optical sensors to a leading defense electronics OEM. These high-precision components are designed for integration into complex navigation and guidance systems. The order highlights OSI Systems' role in contributing to global security through innovative optical sensor solutions.
OSI Systems (NASDAQ: OSIS) reported record Q4 revenues of $481 million, a 17% year-over-year increase, and record fiscal year revenues of $1.54 billion, up 20% from the previous year. Q4 GAAP diluted EPS was $2.55, while non-GAAP diluted EPS reached a record $2.84. For the full fiscal year 2024, GAAP diluted EPS was $7.38, and non-GAAP diluted EPS hit a record $8.13, representing 31% growth year-over-year.
The company's backlog at the end of Q4 stood at approximately $1.7 billion. The Security division showed strong performance with a 27% year-over-year revenue increase in Q4. OSI Systems provided fiscal 2025 guidance, projecting revenues between $1.620 billion and $1.650 billion, and non-GAAP adjusted earnings per diluted share between $8.80 and $9.15.
OSI Systems (Nasdaq: OSIS) has announced its upcoming quarterly conference call scheduled for Thursday, August 22, 2024, at 9:00am PT. The call will discuss the company's fourth quarter and fiscal year results for the period ending June 30, 2024. Investors can access the webcast through the investor relations section of the company's website at www.osi-systems.com. For those unable to attend live, a replay of the conference call will be available from 12:00pm PT on August 22, 2024, until September 5, 2024, accessible via the same investor relations webpage.
OSI Systems (NASDAQ: OSIS) has secured a $10 million order for its Z Backscatter® Van (ZBV®) cargo and vehicle inspection systems. The order, placed by an international customer, includes maintenance, training, and support services. These advanced security solutions are slated for deployment in border customs applications, reinforcing the company's role in enhancing global border security.
CEO Deepak Chopra expressed enthusiasm about delivering one of their most advanced and widely deployed security solutions, emphasizing the important role ZBV systems play in border security enhancement.
OSI Systems (NASDAQ: OSIS) has priced an upsized offering of $300 million in 2.25% convertible senior notes due 2029. The offering, initially set at $275 million, is expected to settle on July 19, 2024. The notes will mature on August 1, 2029, with an initial conversion rate of 5.2090 shares of common stock per $1,000 principal amount, representing an initial conversion price of $191.98 per share. This price reflects a 27.5% premium over the last reported sale price of $150.57 per share.
OSI estimates net proceeds of approximately $291.8 million from the offering. The company plans to use about $80 million to repurchase 531,314 shares of its common stock and the remainder to repay a portion of its revolving credit facility, pay related expenses, and for general corporate purposes.
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