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Sep 30, 2022
Osi Systems Q1 2023 Earnings Report
OSI Systems reported a decrease in revenue and earnings for the first quarter of fiscal year 2023.
Key Takeaways
OSI Systems reported Q1 2023 revenues of $268.1 million, a 4% decrease compared to Q1 2022. GAAP EPS was $0.65, and adjusted EPS was $0.87. The company's backlog reached a record $1.3 billion.
Q1 revenues were $268.1 million, a 4% decrease year-over-year.
GAAP EPS was $0.65, compared to $1.04 in the prior year.
Adjusted EPS was $0.87, compared to $1.16 in the prior year.
Record Q1 ended backlog of $1.3 billion, a 4% increase from the prior quarter.
Revenue by Segment
Forward Guidance
The Company is reiterating its fiscal 2023 guidance of $1.240 billion to $1.275 billion in revenues and $6.02 to $6.25 in adjusted diluted earnings per share.
Positive Outlook
- Revenue guidance of $1.240 billion to $1.275 billion for fiscal year 2023.
- Adjusted diluted earnings per share guidance of $6.02 to $6.25 for fiscal year 2023.
- Q2-Q4 Year-Over-Year Revenue Growth of 7% - 11%
- Q2-Q4 Year-Over-Year Adjusted EPS Growth of 17% - 22%
- Strong backlog and upcoming opportunities.
Challenges Ahead
- Actual revenues and adjusted diluted earnings per share could vary from this guidance.
- Delays related to the award of domestic and international contracts
- Failure to secure the renewal of key customer contracts
- Delays in customer programs
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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