OSI Systems Inc

OSIS

Equity

ISIN US6710441055 / Valor 721864

NASDAQ (2024-11-21)

USD 165.33+3.86%

OSI Systems Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

OSI Systems Inc. is a vertically integrated company specializing in the design and manufacture of advanced electronic systems and components for critical applications across various sectors, including homeland security, healthcare, defense, and aerospace. The company operates through three main divisions: Security, Healthcare, and Optoelectronics and Manufacturing. The Security division offers security and inspection systems, turnkey screening operations, and integrated solutions, supported by a global service and maintenance network. The Healthcare division provides patient monitoring, diagnostic cardiology, and anesthesia delivery and ventilation systems. The Optoelectronics and Manufacturing division supplies specialized electronic components and manufacturing services to both internal divisions and external original equipment manufacturers (OEMs) and end users in the defense, aerospace, medical, and industrial markets. OSI Systems emphasizes research and development to enhance its product offerings and adapt to the evolving technological landscape.

Summarized from source with an LLMView SourceSector: Technology

Record Revenue Growth

In the fiscal third quarter of 2024, OSI Systems Inc reported a significant revenue increase, reaching $405.4 million. This represents a 34% growth compared to the $302.9 million recorded in the same quarter of the previous year. This growth underscores the company's strong performance across its operational sectors.

Increased Net Income

For Q3 FY24, OSI Systems Inc achieved a net income of $34.0 million, or $1.95 per diluted share, which is a substantial increase from the $21.8 million, or $1.27 per diluted share, reported in the same quarter of the previous year. The increase in net income highlights the company's enhanced profitability and operational efficiency.

Strong Non-GAAP Performance

OSI Systems Inc also reported a robust non-GAAP net income for the third quarter of fiscal 2024, amounting to $37.7 million, or $2.16 per diluted share. This compares favorably to the non-GAAP net income of $25.6 million, or $1.49 per diluted share, in the same quarter of the prior year, indicating a 45% year-over-year increase.

Backlog and Bookings

The company ended the third quarter of fiscal 2024 with a strong backlog of approximately $1.8 billion, maintained by solid bookings throughout the period. This backlog sets a positive tone for the company's future revenue and underscores its strong market position and ongoing demand for its offerings.

Updated Fiscal Year 2024 Outlook

OSI Systems Inc has increased its FY 2024 non-GAAP adjusted diluted EPS guidance, now expecting greater than 30% growth compared to the previous fiscal year. This updated guidance reflects the company's confidence in its continued strong performance and operational success moving forward.

Summarized from source with an LLMView Source

Key figures

39.1%1Y

73.7%3Y

69.1%5Y

Performance

28.0%1Y

27.8%3Y

30.0%5Y

Volatility