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Mar 31, 2024
Osi Systems Q3 2024 Earnings Report
OSI Systems reported strong financial results driven by outstanding performance in the Security division, leading to record third quarter revenues and adjusted earnings per share.
Key Takeaways
OSI Systems reported a strong Q3 FY24 with a 34% increase in revenue to $405.4 million and net income of $34.0 million, or $1.95 per diluted share. The Security division's performance drove significant operating income growth, and the company anticipates a strong conclusion to fiscal 2024.
Revenues increased by 34% compared to the same quarter of the prior year.
Net income increased to $34.0 million, or $1.95 per diluted share.
Non-GAAP net income increased to $37.7 million, or $2.16 per diluted share.
The Security division experienced a 60% year-over-year revenue increase.
Osi Systems
Osi Systems
Osi Systems Revenue by Segment
Revenue by Segment
Security Revenue
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CapyFin.comHealthcare Revenue
CapyFin.com Forward Guidance
The Company is reiterating its fiscal 2024 revenues guidance of anticipated growth in excess of 19% over revenues in fiscal 2023. The Company is increasing its non-GAAP adjusted diluted earnings per share guidance from greater than 29% growth to greater than 30% growth compared to non-GAAP adjusted diluted earnings per share for fiscal year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income