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Dec 31, 2020
Osi Systems Q2 2021 Earnings Report
OSI Systems reported second quarter fiscal year 2021 financial results, delivering record adjusted earnings despite the continued impact of the COVID-19 pandemic and raised fiscal year 2021 guidance.
Key Takeaways
OSI Systems reported Q2 revenues of $276 million and GAAP EPS of $1.10. The company's backlog reached $1.0 billion as of December 31, 2020, a 20% increase from June 30, 2020. The company raised its fiscal year 2021 revenue and non-GAAP diluted earnings per share guidance.
Q2 revenues were $276.0 million, compared to $305.3 million in Q2 2020.
GAAP net income was $20.0 million, or $1.10 per diluted share, compared to $21.0 million, or $1.12 per diluted share, in Q2 2020.
Non-GAAP net income was $24.6 million, or $1.35 per diluted share, compared to $23.8 million, or $1.27 per diluted share, in Q2 2020.
Backlog was $1,031 million as of December 31, 2020, compared to $861 million as of June 30, 2020.
Revenue by Segment
Forward Guidance
For fiscal year 2021, the Company is raising its revenue guidance to a range of $1.110 billion to $1.145 billion and is raising its non-GAAP diluted earnings per share guidance to $5.00 to $5.35.
Positive Outlook
- Revenue guidance raised to $1.110 billion - $1.145 billion.
- Non-GAAP diluted earnings per share guidance raised to $5.00 - $5.35.
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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