Welcome to our dedicated page for OSI Systems news (Ticker: OSIS), a resource for investors and traders seeking the latest updates and insights on OSI Systems stock.
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 reported Q1 revenues of $268.1 million, a 4% decrease year-over-year. Net income also fell to $11.2 million or $0.65 per diluted share, down from $19.1 million or $1.04 per share in the same quarter last year. The company noted a record backlog of $1.3 billion and reiterated its FY 2023 guidance, projecting 7% - 11% revenue growth and 17% - 22% adjusted EPS growth for the remaining quarters. Operating cash flow improved significantly to $17.2 million, reversing negative cash flow from the prior year.
OSI Systems, Inc. (Nasdaq: OSIS) has scheduled a quarterly conference call for October 27, 2022, at 9:00am PT to discuss its financial results for the quarter ending September 30, 2022. The call will be available via webcast on the company’s investor relations page, with a replay accessible from 12:00pm PT on the same day until November 11, 2022.
OSI Systems specializes in electronic systems and components for sectors such as homeland security and healthcare, leveraging over 40 years of experience.
OSI Systems, Inc. (NASDAQ: OSIS) announced an increase in its share repurchase program to a total of 2,000,000 shares, building on the 1.9 million shares already bought back from an authorized 3 million. The shares may be purchased through open market transactions or private negotiations, without a set expiration date. OSI emphasizes that the actual number and timing of repurchases will depend on various market conditions and legal requirements. This initiative reflects the company's ongoing commitment to enhancing shareholder value.
OSI Systems has announced a significant order valued at approximately $22 million from its Security division for service, maintenance, and spare parts for Rapiscan® cargo and vehicle inspection systems deployed globally. Chairman and CEO Deepak Chopra expressed satisfaction in supporting cargo inspection systems, emphasizing the commitment to border security.
OSI Systems specializes in designing and manufacturing electronic systems for critical applications in various sectors, including homeland security and healthcare.
OSI Systems reported record revenues of $336.8 million for Q4 FY2022, up 1% from last year, with a net income of $33.8 million or $1.94 per diluted share, reflecting a 39% year-over-year increase. The company finished the fiscal year with revenues of $1.183 billion, a 3% increase, and provided guidance for FY2023, expecting revenues of $1.240 billion to $1.275 billion. The backlog as of June 30, 2022, was $1.2 billion, a 15% increase.
OSI Systems, Inc. (NASDAQ: OSIS) has announced a quarterly conference call scheduled for August 18, 2022 at 1:30 PM PT to discuss results for the fourth quarter and fiscal year ending June 30, 2022. The call will be accessible via a webcast on the company’s investor relations page. Additionally, a replay will be available from 3:00 PM PT on August 18 until September 1, 2022. OSI Systems specializes in designing and manufacturing electronic systems for homeland security, healthcare, defense, and aerospace industries, leveraging over 40 years of engineering experience.
OSI Systems, Inc. (NASDAQ: OSIS) will present at the Jefferies Industrials Conference on August 9, 2022, at 3:00 PM ET. Investors can access the live webcast via the investor relations section of OSI Systems' website. With over 40 years in the industry, OSI Systems specializes in electronic systems and components for critical sectors, including homeland security, healthcare, defense, and aerospace. The company's global presence includes offices and production facilities in more than a dozen countries, supporting its strategy for selective market expansion.
OSI Systems, Inc. (NASDAQ: OSIS) announced that its CEO and Chairman, Deepak Chopra, has been appointed to the 2022 U.S.-India CEO Forum by U.S. Secretary of Commerce, Gina Raimondo. The forum aims to enhance economic and commercial relations between the U.S. and India. Chopra has previously participated in the forum from 2018-2020, showcasing his ongoing commitment to strengthening ties between the two nations. OSI Systems specializes in electronic systems for critical applications in security, healthcare, defense, and aerospace.
OSI Systems, Inc. (NASDAQ: OSIS) has secured a $6 million order from an international client for its Eagle® P60 high energy cargo and vehicle inspection system, including maintenance and support services. The company's Chairman and CEO, Deepak Chopra, expressed commitment to enhancing infrastructure security via this versatile detection solution. This order bolsters OSI's position in the security sector, reflecting its continued growth in critical applications within homeland security and other industries.
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