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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, Inc. (NASDAQ: OSIS) reported a revenue of $303 million for Q3 fiscal 2023, a 4% increase from $290.5 million in Q3 fiscal 2022. GAAP EPS was $1.27, down from $2.41 due to a prior-year gain on sale-leaseback. Non-GAAP adjusted EPS rose to $1.49 from $1.43. The backlog reached a record $1.5 billion, marking a 19% increase since June 30, 2022. Operating cash flow for Q3 was $65 million, significantly higher than $38.4 million in Q3 2022. The company maintains its fiscal 2023 revenue guidance of $1.240 billion to $1.265 billion and forecasted EPS between $6.02 and $6.25.
OSI Systems, Inc. (Nasdaq: OSIS) will hold its quarterly conference call on April 27, 2023, at 9:00am PT to discuss the results for the quarter ending March 31, 2023.
The call will be webcast through the investor relations section of the company’s website. A replay of the call will be available from 12:00pm PT on April 27, 2023, until May 11, 2023 at the same location.
OSI Systems specializes in electronic systems and components for critical applications, leveraging over 40 years of experience and a global presence to expand into selected markets.
OSI Systems, Inc. (NASDAQ: OSIS) announced a $20 million order from ANA Aeroportos de Portugal for multiple units of its RTT® 110 explosive detection system. These units will be deployed across various Portuguese airports to screen checked baggage, enhancing airport security. The company will also provide ongoing maintenance and support for these installations. The RTT® 110 offers high-resolution 3-D imaging and complies with European threat detection standards. CEO Deepak Chopra emphasized the company’s commitment to innovate in the aviation industry, responding to infrastructure upgrades and evolving screening needs.
OSI Systems has received a $600 million contract from Mexico's Secretaría de la Defensa Nacional for cargo and vehicle inspection systems. This award includes VAT and will involve supplying multiple inspection systems, such as the Eagle® and Carview® platforms, aimed at enhancing security at border checkpoints in Mexico. OSI Systems will also provide civil works, training, and maintenance support. While the contract is substantial, it is subject to the finalization of agreements and does not include VAT in the company's revenue calculations.
OSI Systems, Inc. (NASDAQ: OSIS) will present at the Cowen 44th Annual Aerospace/Defense & Industrials Conference on February 15, 2023, at 1:20 PM ET. Investors can listen to the live webcast on the OSI Systems investor relations website. The company specializes in designing and manufacturing electronic systems for critical sectors, including homeland security, healthcare, defense, and aerospace, leveraging over 40 years of experience. OSI Systems aims to expand into selective end product markets globally.
OSI Systems reported Q2 revenues of $296 million, marking a 7% increase year-over-year. The company's GAAP EPS was $0.96, with adjusted EPS at $1.19. A notable book-to-bill ratio of 1.7 and a record backlog of $1.5 billion, a 21% increase from last year, highlight strong demand. Despite this, net income fell to $16.4 million compared to $19.8 million a year prior. The company expects H2 revenue growth between 8%-12% and adjusted EPS growth of 17%-23%. OSI reiterated its FY 2023 EPS guidance, now at $6.02 - $6.25, and refined revenue guidance to $1.240 billion - $1.265 billion.
OSI Systems, Inc. (NASDAQ: OSIS) has announced its quarterly conference call set for January 26, 2023, at 9:00am PT. The call will discuss the financial results for the quarter that ended on December 31, 2022. Investors can access the call and a subsequent replay through the company's investor relations section on their website, www.osi-systems.com. OSI Systems specializes in designing and manufacturing electronic systems for critical sectors such as homeland security, healthcare, defense, and aerospace, leveraging over 40 years of industry experience.
OSI Systems, Inc. (NASDAQ: OSIS) has secured a contract exceeding $200 million from an international customer for security infrastructure, which includes its portfolio of cargo and vehicle inspection systems. The award encompasses both mobile and fixed platforms, along with management of civil works, operator training, and ongoing maintenance. CEO Deepak Chopra expressed satisfaction over this expansion in a key region, highlighting the company's extensive experience in global security programs.
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